It's easy to start a business in Singapore. For more details, please visit this webpage.

You may select more than one approved GIP private equity company in which to invest. Please note, however, that each fund has a minimum deposit amount.

The EDB offers incentives to overseas companies who wish to establish their presence in Singapore. You can contact EDB at (65) 6832 6832, via email at or visit the website.

Upon your investment in GIP-approved funds, Contact Singapore will hold the share certificates in custody for five years.

Thank you for your interest in the GIP. Please write to us at so we may assist you.

To close down a company in Singapore, the relevant authorities such as the Accounting and Corporate Regulatory Authority (ACRA), Central Provident Fund (CPF), Inland Revenue Authority of Singapore (IRAS) and licensing bodies would need to be notified. Please refer to the ACRA website for details on the necessary documentation needed for winding up a business in Singapore.

Capital gains are not subject to tax in Singapore.

No, it will not. There is no quota on the number of Employment Passes (EPs) a company can employ, and each EP application is assessed on its own merit.

In addition to salaries, you will need to contribute towards your employees' Central Provident Fund (CPF) accounts if they are Singaporean citizens or Permanent Residents. The CPF is a compulsory social security savings scheme that employers and employees contribute to. It is applicable only to Singapore citizens and Permanent Residents. Click here for more FAQs on CPF.

The current rate for employer's contribution for employees aged 50 and below is at 16%. The employer's contribution is capped at SGD 5,000 of the employee's salary. Medical benefits are at the discretion of the employer, although insurance might be compulsory for certain high-risk occupations. Click here for more information of employers' contribution rates for different age groups.

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