Singapore Pte via Osome SG — Korean E-commerce Sellers
Korean e-commerce sellers pick Singapore Pte for regional ASEAN reputation, KR-SG treaty benefits (5% dividend withholding), and IRAS-recognized brand credibility. Requires local resident director; Osome bundles nominee at SGD 1,080+/year.
Singapore applies IRAS CIT at 17% flat with startup exemption (75% on first SGD 100k for first 3 years). Foreign-sourced income received in SG may be exempt under §13(8) if taxed abroad at 15%+.
Korea side: Article 3 taxes worldwide personal income on distributions; Korean CFC rules attribute if foreign effective rate is below 17.5% — SG at 17% is borderline, so startup exemption impact is important.
Model the full outlay, not just the setup fee
- SetupOsome (Singapore) setup$1,650
- AnnualYear 2 renewal$1,080
What the tax authority sees
Singapore Pte falls under IRAS CIT at 17% flat with startup exemption; KR-SG tax treaty grants 5% withholding on dividends; requires local resident director.
National Tax Service; foreign-source income reporting per Income Tax Act Article 3; Korea has US tax treaty (10% treaty rate for royalties).
SG Pte for Korean e-commerce sellers targeting ASEAN; KR-SG treaty softens Korea CFC exposure via credit mechanism.
- 01Korean CFC rules attribute if effective rate below 17.5% — SG 17% borderline
- 02Nominee director cost SGD 1,800-3,000/year
- 03IRAS Form C-S annual filing; audit exempt for small companies (revenue <SGD 10M)
- 04Korean Income Tax Article 3 taxes worldwide personal income on distributions
From filing to funded bank account
Singapore Pte Ltd vs UAE Free Zone (MEYDAN)
FAQ
The Korea-Singapore treaty is separate from Korea CFC rules. CFC evaluates the foreign effective tax rate; if below 17.5%, attribution occurs. Startup exemption reduces effective CIT well below 17.5%, potentially triggering CFC. Active-business substance provides exemption defense.
Start filing with Osome (Singapore)
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.