Securing a Certificate of Residence (COR) in Singapore is a critical step for individuals and trades looking to prevent double taxation on foreign income. In this blog, we will walk you through what the COR is, who needs it, the fitness criteria, and by what method to apply it.

What Is a Certificate of Residence (COR)?

A Certificate of Residence (COR) is an authorization issued by IRAS proving that one or a company is a tax resident of Singapore for a particular calendar year or period of assessment.

Why It Matters:

1. Used to claim tax benefits under DTAs between Singapore and other jurisdictions
2. Helps to prevent double taxation on the unchanging revenue
3. Required by many foreign tax experts to validate residence status

Who Can Apply for a COR?

CORs may be used by both persons and corporate systems. However, certain conditions must be met.

1. Individuals:

• Must have established tax residence in Singapore
• Typically, must stay or work in Singapore for 183 days or more in a calendar year

2. Companies:

Must be tax residents in Singapore, meaning:

• Control and administration of the business is exerted in Singapore
• Board meetings are held in Singapore, place strategic conclusions are made

Note: Companies that are Singapore-organized but manage their trade from abroad may not qualify.

Who Cannot Apply?

1. Nominee companies or structure companies
2. Businesses accompanying no nominal operations or workers in Singapore
3. Parties that do not meet the 183-day rule

When Should You Apply for a COR?

1. Apply only after the relevant salary has been gained
2. Applications are made per twelve-month period or Year of Assessment (YA)
3. Best to apply early in the year to prevent delays with unfamiliar tax authorities

Step-by-Step Guide: How to Apply for a COR in Singapore

Step 1: Log in to MyTax Portal

• Visit IRAS MyTax Portal
• Log in utilizing your Singpass (for persons) or CorpPass (for businesses)

Step 2: Select the Correct Option

Go to “Certificate of Residence”

Choose either:

• Apply for COR – Company
• Apply for COR – Individual

Step 3: Complete the Application Form

• Provide the period of assessment
• Indicate the unfamiliar country where the salary was acquired
• You need to attach the required documents

Step 4: Application submission

• After filling in the form, present it electronically through the portal

Step 5: Wait for Approval

• IRAS usually takes 7–14 working days to process the utilizations
• The COR will be issued electronically once certified

Documents You May Need

1. Financial statements or revenue records
2. Details of board meetings (for businesses)
3. DTA forms required for one overseas tax authority
4. Authentication of physical presence or service (for persons)

Conclusion

With over 90 DTAs, Singapore offers extensive tax agreement protection — but to benefit, you must find your tax residence with a COR. Contact any firm providing Singapore corpsec services for more information.

By understanding the process, fitness, and documentation necessary, you can streamline your utilization and guarantee full agreement with both Singapore and foreign tax regulations.