Category: Insights

The gradual shift in the world’s economic gravity to the eastern hemisphere has been well leveraged by Singapore, with its strategic location and growing appeal as an international hub for wealth management and financial services. Singapore has topped the world ranking in terms of ease of doing business for close to a decade. Many global businesses benefit from locating their head quarter operations in Singapore.

Dhruva’s ‘Doing Business in Singapore’ publication provides a concise synopsis on the critical aspects of doing business in Singapore with highlights on taxation, audit & accountancy as well as other related business matters.

Located in the heart of Asia, Singapore has emerged as a leading wealth management hub due to its favourable business environment and stable tax policy. It serves as one of the most attractive locations for fund managers as well as investors, including sovereign wealth funds, pension funds and family offices. Moreover, its friendly yet robust tax and regulatory environment holds sway over the financial sector.

Our publication of ‘Fund Management in Singapore: Tax and regulatory landscape’ summarises various tax incentives for fund managed by Singapore-based fund managers, MAS licensing requirements and other related aspects.

The Singapore Transfer Pricing (‘TP’) regime has its roots in the year 2006, with the introduction of the 1st edition of TP Guidelines. The guidelines have evolved since then in alignment with the OECD’s Base Erosion and Profit-Shifting recommendations, especially in relation to the application of the arm’s length principle and the maintenance of TP Documentation.

Our publication is updated during July 2020 to provide the insights on the fundamental aspects of the guidelines. We have presented these aspects in the form of succinct answers to FAQs for ease of understanding. We sincerely hope that you will find this an interesting read.