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Epica FAQ Series

What tax incentives am I entitled to if I register a subsidiary company rather than a foreign branch?

Corporate Income tax

What tax incentives am I entitled to if I register a subsidiary company rather than a foreign branch?

Singapore Tax Exemptions for Small Companies [New as well as Existing Companies]


Your company would be considered a tax resident if you were to register a Singapore Subsidiary. A Singapore branch, however, wouldn’t be considered as a tax resident as the management and control is still owned by the parent company.

As a subsidiary, your company enjoys the tax benefits entitled.

  • Benefit with the Avoidance of Double Taxation Agreements (DTA) that Singapore had negotiated with treaty companies.
  • You are exempted from income tax from foreign-sourced dividends and foreign-sourced service income under section 13(8) of the Income Tax Act.
  • 100% share allotment to corporate shareholders and partial exemption of at least 10% shares to individual holders.

Foreigner Package

New Company Setup

S$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

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  • XERO
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  • DOCUSIGN
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