Singapore Pte via Sleek SG — Korean E-commerce Sellers
Sleek offers Singapore Pte formation at SGD 980/year for Korean e-commerce sellers targeting ASEAN. Includes nominee director + secretary + IRAS filings. Nominee is required for the mandatory SG-resident director rule.
Singapore applies IRAS CIT at 17% flat with startup exemption (75% on first SGD 100k for first 3 years). KR-SG tax treaty grants 5% dividend withholding to Korean parents.
Korea side: Article 3 taxes worldwide personal income on distributions; Korean CFC rules attribute if foreign effective tax rate is below 17.5% — SG at 17% is borderline. Startup exemption pushes effective rate below CFC threshold; active-business substance is key defense.
Model the full outlay, not just the setup fee
- SetupSleek (Singapore) setup$1,499
- AnnualYear 2 renewal$899.00
What the tax authority sees
Singapore Pte falls under IRAS CIT at 17% flat with startup exemption; KR-SG treaty gives 5% dividend withholding; 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).
Sleek is competitive with Osome for SG Pte; Korean CFC borderline (SG 17% vs threshold 17.5%) — active-business substance matters.
- 01Korean CFC rules attribute if effective rate below 17.5% — SG 17% borderline
- 02Nominee director cost SGD 1,800-3,000/year
- 03Singapore CIT 17% flat with startup exemption
- 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
Korean CFC (Adjustment of International Taxes Act Art. 17) uses 17.5% effective tax rate threshold. SG headline 17% falls within scope, and startup exemption pushes effective rate lower. Active-business substance exemption defends against attribution when SG Pte has genuine substantive operations.
Start filing with Sleek (Singapore)
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.