New Delhi · IndiaWONE Global Partner · India
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Business corridor
Singapore ↔ India
Doing business between Singapore and India means getting market access, tax, contracts, people and regulation right on both sides. WONE Global coordinates the work in both countries, so one team keeps it joined up.
Singapore · Wednesday 4 November
02:52
Local time
Shared working hours
—
Mumbai · Wednesday 4 November
00:22
Local time
Worked example
A common move on this corridor, both sides
A step-by-step example of a common project between Singapore and India: the rules in each country, the usual structures and the questions to ask your advisers.
How the work runs on both sides
A worked journey for this corridor
What has to happen in each country, in what order, and what one side changes for the other, with the sources for each step.
- A Singapore holding company invests in a new Indian subsidiary →A Singapore holding company sets up and funds a new Indian private limited company to carry on an operating business in India. It must invest under India's FDI automatic route and report the investment, choose between equity and external c… 11 steps · 6 workstreams · 36 sourced statements
Key questions
Questions this corridor raises
- 01What is the commercial objective on each side of the corridor?
- 02Which entities, contracts or licences are required?
- 03How will money, people, goods or data move between the markets?
- 04Which capabilities need to be coordinated rather than handled separately?
Typical work
Work that moves along this corridor
Market accessCapital & transactionsTrade & supply chainPeople & operations
Tax, legal, people and money questions on one side change the answer on the other. WONE Global plans the work in both countries together before anything starts.
Partner firms
Who handles each service, in both markets
Named WONE Global leads where they exist; everything else arranged by WONE Global on request, with the name confirmed before work begins.
WONE Global Partners
Professionals on both sides
New Delhi · IndiaCases
Cases across this corridor
Cases whose typical case involves one or both sides of the corridor, each with how WONE Global handles it and who handles it in each market.
Are our controls abroad strong enough before we grow further?Audit, assurance & financial integrityHow do we grow our teams quickly in several countries?Employment, labour & workplace disputesShould we move our companies under a new holding company?International tax planning & transfer pricingForeign investors want to invest in us. What do we need to change?Mergers, acquisitions & private equityWe're divorcing and our assets or children are in different countries. Where do we start?Family, succession & private clientShould our family set up a trust or foundation, and where?Family, succession & private clientI live abroad. How should I hold investments back home?Personal wealth, expatriates & tax residenceWe won our case but the debtor's assets are abroad. How do we enforce?Contracts, commercial disputes & collectionsUrgent How do we stop the other side moving assets or destroying evidence?Contracts, commercial disputes & collectionsUrgent We've been defrauded and the money has gone abroad. Can we freeze it?Contracts, commercial disputes & collectionsUrgent Our bank says it will close our account. Can we stop it?Banking, lending & secured financeUrgent We've received a tax notice from another country. Do we have to pay?Tax assessments, disputes & management
Scenarios
Across this corridor, how it is handled
Worked scenarios involving either side of the corridor: the client, where it comes from, what it ran into and how WONE Global handles it.
Worked scenarios
- Founder-led company · from Singapore · in United KingdomSoftware company, 60 staffIts first enterprise client in London will only sign with a UK entity. The company must exist, with a bank account and tax registrations, before the contract date next quarter.How WONE Global handles it →
- Mid-sized company · from India · in United Arab EmiratesTrading company, Indian-ownedIts new Dubai company has been refused by two banks because its ownership runs through three countries. Without an account it cannot receive revenue or pay staff.How WONE Global handles it →
- Mid-sized company · from Sweden · in IndiaEngineering companyIts Indian subsidiary reports late every month and in a format the group cannot consolidate.How WONE Global handles it →
- Founder-led company · from India · in Singapore, United Arab Emirates, United StatesGrowth company preparing to raiseIt finds that one person approves payments abroad. Investors will see that in due diligence.How WONE Global handles it →
Scenarios are representative of the work WONE Global coordinates, not specific client matters.
What the guides say
Both sides: Singapore ↔ India
The essentials of each market on the topics that decide how work between them is set up.
Singapore
Full guide
- Corporate income tax
- 17% (partial exemptions on first S$200,000)
- GST
- 9% since 1 January 2024
- GST registration threshold
- S$1 million taxable turnover
- Withholding tax on dividends
- None
- Minimum share capital
- S$1
- Local director
- At least one ordinarily resident director
India
Full guide
- Corporate income tax (domestic company, optional regime)
- 22% plus 10% surcharge and 4% cess
- Corporate income tax (foreign company)
- 35% basic rate, plus surcharge and cess
- Income tax law
- Income-tax Act, 2025 in force from 1 April 2026
- GST rates
- 5% and 18%, with 40% for a select few goods and services (from 22 September 2025)
- Labour law
- Four labour codes in force from 21 November 2025
- FDI entry
- Automatic route (no prior approval) or government route (prior approval)
| Topic | Singapore | India |
|---|---|---|
| Establish & Structure | Most foreign investors set up a private limited company (a subsidiary), which can be incorporated with S$1 of share capital but needs at least one locally resident director and a resident company secretary. Read more | Foreign investors can set up a wholly owned subsidiary, joint venture or LLP, or operate through a branch, liaison or project office. Read more |
| Tax & Statutory | Companies pay corporate income tax at 17%, reduced in practice by partial or start-up exemptions and, for year of assessment 2026, a 50% rebate. Dividends carry no withholding tax, while interest, royalties and some service fees paid abroad do. Read more | The Income-tax Act, 2025 has governed income from 1 April 2026, with a single tax year in place of the previous year and assessment year, while the 1961 Act still governs earlier years. Domestic companies can opt for a 22% rate (plus surcharge and cess). Read more |
| People, Payroll & Mobility | The Employment Act covers local and foreign employees, but the rules on hours and overtime apply only to lower-paid staff. Employers pay CPF contributions for citizens and permanent residents and Skills Development Levy for everyone. Read more | The four labour codes (wages, industrial relations, social security, and occupational safety, health and working conditions) took effect on 21 November 2025 and replaced 29 central labour laws. Read more |
| Banking, Treasury & Payments | Profits can be paid to foreign shareholders as dividends without Singapore withholding tax, while interest and royalties paid abroad attract withholding. Read more | Foreign investment is governed by the Foreign Exchange Management Act, 1999 and the rules and regulations made under it, with the RBI issuing Master Directions that banks apply day to day. Read more |
| Trade, Customs & Supply Chain | Singapore is essentially a free port: customs and excise duties apply only to certain liquors, tobacco, motor vehicles and petroleum products. GST at 9% applies to imports, with relief through licensed warehousing schemes. Read more | Anyone importing into or exporting from India needs an Importer-Exporter Code from the DGFT, which is the business's PAN. Imports carry basic customs duty, generally 7.5% or 10%, plus a social welfare surcharge and IGST, so landed cost must be modelled by… Read more |
| Disputes, Enforcement & Exit | Singapore has a Supreme Court, made up of the Court of Appeal and the High Court, State Courts for lower-value claims, and the Singapore International Commercial Court for international commercial disputes. Read more | Arbitration in India is governed by the Arbitration and Conciliation Act 1996: awards made in India are enforced as court decrees once the three-month challenge window closes, and foreign awards are enforced under the New York Convention, which India applies… Read more |
Our full guides are checked against official sources. Guides drafted with AI are marked as such. None of this is legal or tax advice.
WONE Global Intelligence
Ask about the Singapore ↔ India corridor
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.
Contact WONE Global
Work between Singapore and India, coordinated on both sides.
UNBOUNDED™ · Global Business Circuit™
Work through Singapore ↔ India with the leaders doing it.
Bring a live question about this corridor to a small online session of senior business leaders, run by UNBOUNDED™, the ecosystem WONE Global belongs to.
The Global Business Circuit™
One corridor, 60 minutes online, 12 senior business leaders. The leaders' own questions set the agenda; market and professional perspectives join only where the questions call for them.
WONE Global is one of the six institutions of the UNBOUNDED™ Global Ecosystem. Links open unboundedglobal.com. WONE Global in the ecosystem