Tax: Legal Advisory

Tax is the reason most groups look at the Gelephu Mindfulness City in the first place: a 15% corporate rate, 0% for non-citizen individuals until the end of 2030, and a full exemption or a rate as low as 5% for approved companies. The incentive approvals have a hard cut-off. Basnet Law Pte.

Advising on structuring for the 15% corporate rate and the 0% rate for non-citizen individuals to 31 December 2030.

Founders company applications for exemption of income from a founders industry.

Strategic and development company applications for a concessionary rate "of not less than 5%".

Holding-company planning around the share disposal exemption.

Withholding tax on interest, royalties and management fees, non-resident directors' remuneration and real property disposals.

Transfer pricing and the general anti-avoidance rule.

International groups choosing GMC as a holding, treasury or operating base. Founders whose business may qualify as a founders industry. Fund managers and family offices planning for the exemptions once they commence. CFOs building withholding, transfer pricing and USD reporting processes.