{"id":69089,"date":"2023-11-05T00:51:31","date_gmt":"2023-11-04T16:51:31","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?page_id=69089"},"modified":"2023-12-28T16:18:50","modified_gmt":"2023-12-28T08:18:50","slug":"certificate-of-residence-cor","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/business-compendium\/certificate-of-residence-cor\/","title":{"rendered":"Certificate of Residence (COR)"},"content":{"rendered":"<h2>Residence Certificate (COR) Explained<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-68672\" title=\"Certificate of Residence (COR)\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2023\/11\/photo-business-compendium-certificate-of-residence-400x300-1.jpg\" alt=\"Certificate of Residence (COR)\" width=\"400\" height=\"300\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2023\/11\/photo-business-compendium-certificate-of-residence-400x300-1.jpg 400w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2023\/11\/photo-business-compendium-certificate-of-residence-400x300-1-300x225.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><em>Summary:<\/em> A written confirmation that a company is a tax resident of Singapore.<\/p>\n<p>A Residence Certificate (COR) is a written confirmation provided by Singapore&#8217;s tax authority, IRAS, affirming that a company is indeed a tax resident of Singapore. Having this certificate enables the company to enjoy tax relief as well as claim benefits under <strong>Double Tax Avoidance Agreements (DTAs)<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<h3>Which Companies Can Apply for a COR?<\/h3>\n<p>A company needs to meet certain requirements to be eligible for a COR:<\/p>\n<ol>\n<li>The company must be a tax resident of Singapore.<\/li>\n<li>Most of the company&#8217;s income must be brought into Singapore.<\/li>\n<li>The company has to be the actual owner of the income.<\/li>\n<\/ol>\n<p>For holding companies to be eligible for a COR, there are additional prerequisites:<\/p>\n<ol>\n<li>They must justify why they&#8217;ve established an office in Singapore.<\/li>\n<li>They must produce evidence to validate that the company\u2019s management and control are done in Singapore. This typically indicates having staff living in Singapore and making key decisions.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3>How Can You Apply for a COR in Singapore?<\/h3>\n<p>3E Accounting can help you <a title=\"Apply for a COR in Singapore\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/taxation\/singapore-certificate-of-residence-application-cor\/\">apply for a COR in Singapore<\/a>. Alternatively, you can apply for a COR via the IRAS myTax Portal online platform. Applications can be filed for:<\/p>\n<ol>\n<li>The current Year of Assessment (YA).<\/li>\n<li>The upcoming YA.<\/li>\n<li>Up to four previous YAs.<\/li>\n<\/ol>\n<p>Generally, it takes around seven working days for the IRAS to assess your application. Once approved, your company&#8217;s COR will be mailed to its registered address.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residence Certificate (COR) Explained Summary: A written confirmation that a company is a tax resident of Singapore. A Residence Certificate (COR) is a written confirmation provided by Singapore&#8217;s tax authority, IRAS, affirming that a company is indeed a tax resident of Singapore. Having this certificate enables the company to enjoy tax relief as well as&hellip;<\/p>\n","protected":false},"author":22,"featured_media":68672,"parent":70083,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"class_list":["post-69089","page","type-page","status-publish","has-post-thumbnail","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=69089"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69089\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/70083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/68672"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=69089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=69089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}