COR or “Certificate of Residence”

Is a certificate issued by IRAS certifying a company is a Singapore tax resident where exercise control and management is executed within Singapore. Is useful for company to take advantage of tax exemptions, or Double Taxation Agreements (“DTA”), and reduce the withholding tax in some countries where the DTA is in force.

Do note that IRAS takes a strict view on the management and control before they issue any COR. This is to prevent company from taking advantage of DTA just because they are a Singapore incorporated company. We can advise you on the management and control basic criteria so that you can satisfy the rules.

Management and control is usually the practice of having the management residing in Singapore and making important decisions.