Incentives for growth and regionalisation as well as capability development are available and law practices can consider applying to qualify for them. Please refer to the following websites for information on incentives available:
- Economic Development Board
- International Enterprise Singapore
- SPRING Singapore
Please note that applications for these incentives are subject to the approval of the respective agencies administering the incentives.
Tax Exemption for Non-Resident Arbitrators
This tax exemption is applicable to all non-resident arbitrators who are appointed for any arbitration proceedings governed by the Arbitration Act or the International Arbitration Act, or would have been governed by either of those Acts had the venue of arbitration been in Singapore.
For more details, please refer to the Inland Revenue Authority of Singapore’s (“IRAS”) website.
This is a broad-based tax exemption on the income derived by a qualifying non-resident individual for mediation services rendered in Singapore, including services that were rendered in Singapore pursuant to an agreement to mediate specifying Singapore as the venue for the mediation. A qualifying non-resident individual has to be either a (a) certified mediator; or (b) mediator conducting a mediation administered by a designated mediation service provider.