• Mon - Fri: 9AM - 6PM
  • 2 Venture Drive, 07-29, Vision Exchange, Singapore 608526
  • +65 6978 1000

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$2,400
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

Accreditations and Partners

  • ACRA
  • ISCA
  • MOM
  • IRAS
  • AWS
  • XERO
  • STRIPE
  • DOCUSIGN
Message us