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Epica FAQ Series

What makes a resident company differ from a non-resident company in Singapore?

Corporate Residency

What makes a resident company differ from a non-resident company in Singapore?

A tax resident company of Singapore is a company that exercises its control and management in Singapore, such as making decisions on important matters like strategy and company policy. On the other hand, a non-resident company does not exercise its control and management in Singapore.

The taxation system of Singapore is not applied to a non-resident company.

There are lots of benefits for a resident company such as :

  • Tax exemption schemes
  • Tax exempted on specific foreign-sourced incomes
  • Singapore’s extensive network of Investment Guarantee Agreements
  • Singapore’s vast network of Double Tax Treaties

Generally if the key decisions of the company, its general meeting and accounting is done in Singapore then it can be considered as a tax resident in Singapore.

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