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.