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
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Ordinary Share Capital | SGD 400,000 (~$285,000) |
Regulatory Framework
Singapore Insurance Act
Tax Environment
17% corporate rate with 10% concessionary rate for qualifying activity
Regulatory & Statistical Profile
Statistical profile pending verification for this domicile.
checklist Authorized Captive Structures
List of authorized captive structures pending verification.
payments Fees & Solvency Compliance
gavel Regulatory Contact Office
Considering Singapore for Your Captive?
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