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Tax Deduction Scheme for Angel Investors in Singapore

Updated on Thursday 06th December 2018

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Foreign investments represent an important source of income to the economy of Singapore, which is why the government have enabled many incentives over time through which it attracted enterprisers from all over the world. Most of these incentives were and are still granted under the form of tax breaks or deductions.

One of the best examples of the assistance programs granted by the Singapore government is the Angel Investors Tax Deduction Scheme (AITD) which was enabled in 2010. The program was improved over the last few years and nowadays it is one of the most important incentives for foreign investors in Singapore.

Below, our Singapore company formation agents explain the qualification requirements and the benefits of the Angel Investors Tax Deduction Scheme.

We also invite you to watch our video on the Tax Deduction Scheme for Angel Investors:

Qualification under the Singapore Angel Investors Tax Deduction Scheme

The main requirement for qualifying under the AITD program is for the investors to be an individual, as no companies or any other legal forms are allowed to enter the scheme. There are no Singapore citizenship or residency requirements.

Then, the following criteria must be met:

  • - the applicant must be an entrepreneur with a significant investment experience or a must have held a managerial role in a company;
  • - the investor must hold maximum 25% of the capital in the company receiving the investment;
  • - the minimum amount to be invested is 100,000 SGD;
  • - the investment must be kept for a minimum period of 2 years.

The qualifying company must also comply with certain requirements, among which:

  • - it must be a startup company;
  • - it must be a limited liability company;
  • - have no more than 20 shareholders owning 50% of the share capital.

Our company formation consultants in Singapore can explain the other requirements for qualifying for the Angel Investors Tax Deduction Scheme as a company.

Benefits of the Singapore Tax Deduction Scheme for Angel Investors

The Tax Deduction Scheme for Angel Investors offers the following benefits to investors:

  • - tax deductions for qualifying investments;
  • - the amount of money which can be deducted is capped at 250,000 SGD.

It should be noted that the Singapore startup company must invest in certain activities approved by the government.

For more information on the Angel Investors Tax Deduction Scheme, please feel free to contact our company formation advisors in Singapore. We can also help you open a Singapore company.

 

Why choose us?

Roger Pay is the Managing Director of Bestar and an experienced company formation consultant. He will help you open your company in Singapore as fast as possible. 

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As a Bestar clientyou will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.

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Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore

 
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