public Onshore

Singapore

After licensing its first captive in 1983, Singapore has grown into the largest Asia Pacific captive domicile and a major reinsurance center. It is governed by the Insurance Act and offers chargeable income tax exemptions of up to SGD 152,500. Capital adequacy is set strictly such that equity and retained earnings must exceed the sum of SGD 400,000 and calculated insurance fund components.

Quick Facts

Jurisdiction
Onshore
Legislation
Singapore Insurance Act
Tax Environment
17% corporate rate with 10% concessionary rate for qualifying activity
Financial Requirements

Minimum Capital & Surplus

Structure Type Minimum Capital
Ordinary Share Capital SGD 400,000 (~$285,000)
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Regulatory Framework

Singapore Insurance Act

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Tax Environment

17% corporate rate with 10% concessionary rate for qualifying activity

Detailed Profile

Regulatory & Statistical Profile

analytics

Statistical profile pending verification for this domicile.

checklist Authorized Captive Structures

List of authorized captive structures pending verification.

payments Fees & Solvency Compliance

Year Legislation Passed
Pending verification
Licensing Speed
Pending verification
Premium Tax Rate
Pending verification
Incorporation / Initial Fee
Pending verification
Annual Maintenance Fee
Pending verification
Annual Filing Requirements
Pending verification

gavel Regulatory Contact Office

Supervisory Authority
Pending verification
Office Address
Pending verification
Regulatory Department Staff
Pending verification
Captive Administrator
Pending verification

Considering Singapore for Your Captive?

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