The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Applying for a Certificate of Residence/ Tax Reclaim Form. This includes enhancements to provide clearer guidance on the conditions that foreign-owned investment holding companies must meet to substantiate that they have valid reasons for setting up operations in Singapore. The relevant section of the guidance includes the following:
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Who is Eligible for a Certificate of Residence
To obtain a Certificate of R…