Certificate of Residence (COR)

Taxation
Certificate of Residence (COR)

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Package

The Certificate of Residence (COR) confirms Singapore residency for tax purposes and enables claims under Double Taxation Agreements (DTA).

Our package is designed to help you with the application of the Certificate of Residence.

S$1,000

Per application

Both “a la carte” and “packaged” pricings are available on demand to better fit with your evolving corporate needs.

Please note that we reserve the right to modify prices and relevant terms without prior notice – if deemed necessary by market conditions.

What is Included in this Package

Services Included:

1-time Application for a Certificate of Residence (COR)

Package Suitability

Legal Requirement

To obtain a Certificate of Residence (COR) in Singapore, a company or individual must meet specific legal requirements:

They must be a tax resident of Singapore, with a registered office or permanent establishment, and meet the substantial business activities test.

Additionally, the COR is required to claim benefits under Double Taxation Agreements (DTAs), such as reduced withholding tax rates on dividends, interest, or royalties.

Process of COR Application

The process of applying for a Certificate of Residence (COR) in Singapore involves completing the application form from the Inland Revenue Authority of Singapore (IRAS) and submitting required documents, such as proof of residency and financial statements.

IRAS will review the submission, process the application, and notify the applicant of the outcome, including issuing the COR if approved.

Advantages of applying for a COR

Applying for a Certificate of Residence (COR) in Singapore offers businesses advantages like reduced withholding tax rates on foreign income and access to tax benefits under double tax agreements.

A COR can improve tax efficiency, streamline cross-border transactions, and enhance competitiveness through cost savings.

Commonly Asked Questions

Regulation:

What is the Certificate of Residence (COR) in Singapore?

The Certificate of Residence (COR) in Singapore is a document issued by the Inland Revenue Authority of Singapore (IRAS) to confirm that a company or individual is a tax resident of Singapore for the purpose of claiming benefits under Double Taxation Agreements (DTAs) with other countries.

It serves as proof that the recipient of the COR is eligible for reduced withholding tax rates or other tax benefits as specified in the relevant DTA.

Can the COR be for a company or an individual in Singapore?

In Singapore, the Certificate of Residence (COR) can be issued for both companies and individuals, but the requirements and usage differ:

For Companies: The COR certifies that the company is a tax resident of Singapore, meaning it is managed and controlled within Singapore. This allows companies to benefit from tax treaty benefits and reduce withholding tax on income sourced from other countries.

For Individuals: The COR can also be issued to individuals who are tax residents of Singapore. This is typically needed for individuals claiming tax treaty benefits or exemptions for foreign income.

Both types of certificates are issued by the Inland Revenue Authority of Singapore (IRAS) after ensuring the applicant meets the residency criteria.

What is the regulation for Certificate of Residence (COR) in Singapore?

The regulations for obtaining a Certificate of Residence (COR) in Singapore are primarily governed by the Inland Revenue Authority of Singapore (IRAS) and the provisions outlined in Singapore’s Income Tax Act.

These regulations specify the eligibility criteria, application process, documentation requirements, and conditions for issuing CORs to companies and individuals seeking tax benefits under Double Taxation Agreements (DTAs) and Avoidance of Double Taxation Agreements (DTAs).

INQUIRY FORM

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TAXATION

(Certificate of Residence Application: COR)

Please complete the Inquiry Form below to receive tailored assistance for your business operations and corporate needs from BESO.

Our team of experienced advisors will promptly reach out to you.

Thank you for your interest!

Your name: *

Your e-mail address: *

Your phone number: *

Your country of residence: *

Taxation Services required in Singapore: *

Certificate of Residence (COR) required for: *

IF COMPANY: The applicant company is incorporated in Singapore: *

IF INDIVIDUAL: The applicant individual has been physically present or working in Singapore for at least 183 days during the relevant calendar year:

Your requirements: *

By clicking on submit below, you consent to BESO storing and processing your personal information. We will only use this information to contact you in regards to your request and its related services. *

BESO Corporate Services PTE LTD

hello@beso.sg

60 Paya Lebar Road, #07-54 Paya Lebar Square, Singapore 409051

+65 6303 4429

+65 9248 0866

Taxation