ADR Incentives
A new tax incentive was introduced in July 2007 to boost international arbitration activities in Singapore.
This incentive allows a 50 per cent tax exemption for a law practice’s incremental international arbitration work for cases that culminate in Singapore and is open to all foreign and local law practices, subject to meeting the qualifying criteria.
Law practices that qualify can enjoy a tax exemption on a portion of their arbitration income from international arbitration cases with hearings in Singapore, for up to five years.
For more information on the incentive, please contact:
Mr Seck Yee Kwang
Email: YeeKwang@EDB.GOV.SG
Tel: (+65) 6832 6546
Work Pass Exemption for Arbitration and Mediation Services
From 1 February 2008, foreigners may enter Singapore to carry out arbitration and mediation activities here without a Work Pass. This applies to all persons providing services related to the arbitration or mediation, such as arbitrators and legal counsel.
More information can be found in the Ministry of Manpower’s press release.