Asia · Southeast Asia
Singapore
The most institutionally serious wealth hub in Asia: no capital gains tax, no inheritance tax, territorial taxation of individuals, rule of law and a deep private-banking bench — priced accordingly, and it wants your physical presence, not just your money.
Tax position
- Income tax (top)
- 24% (top marginal rate on chargeable income above SGD 1m, from YA2024)
- Capital gains
- 0% — Singapore has no capital gains tax. Gains can be recharacterised as trading income if you are dealing rather than investing (badges-of-trade analysis)
- Wealth tax
- none on financial wealth; property tax on residential is progressive to 32% for non-owner-occupied, and Additional Buyer's Stamp Duty is 60% for foreigners
- Inheritance tax
- none — estate duty abolished for deaths on or after 15 February 2008. No gift tax.
- Special regime
- Foreign-source income received in Singapore by individuals is generally exempt (unless received through a Singapore partnership or arising from a trade carried on in Singapore). Family offices use the section 13O / 13U fund tax exemptions — see the dedicated entry.
- Territorial
- Yes — foreign-source income generally outside scope
- CFC rules
- No
- Exit tax
- No
- CRS
- Participating
Is Singapore actually right for your family?
We will tell you if it is not. That is the whole service.