Singapore's Bilateral Agreements With Germany

The European Union-Singapore Free Trade Agreement (EUSFTA) is the first FTA concluded between the EU and an ASEAN country. Singapore and the EU launched negotiations of the EUSFTA in 2009. The Good and Services Agreement was concluded in 2012, and the Investment Protections Chapter in 2014. The investment protection elements later became the EU-Singapore Investment Protection Agreement (EUSIPA). Read More

The Singapore-Germany Double Tax Avoidance Agreement (DTA) provides relief from double taxation in the situation where income is subject to tax for both countries. The provisions of the DTA apply to persons who are residents of one or both of the Contracting States.

Please refer to IRAS for more information regarding the agreement between Singapore and Germany for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Read More

The Germany-Singapore Bilateral Investment Treaty (BIT) is a legally-binding agreement between Germany and Singapore. It establishes rules on how Germany should treat investments and investors from Singapore and vice-versa. With the BIT, Singapore companies operating in Germany will enjoy protection on their investments, on top of the protection accorded under Germany’s domestic laws. Similarly, German companies operating in Singapore will also enjoy investment protection.

The BIT will grant investors from both countries the following key areas of protection:

• Non-discriminatory treatment compared to other foreign or local investors. (Most-Favoured-Nation treatment)
• Provided prompt, adequate and effective compensation in the event of nationalisation.
• Right for investors to submit dispute claims on behalf of their locally-established enterprise in the host state.
• Access to internal arbitration for investment disputes.
• Freedom to transfer capital and returns.