In general, taxation is not different. But residents can take advantage of several essential preferences that are not available to those who do not have this status. The most significant opportunities to legitimately save are: Exemption from part of taxes provided for by existing double taxation agreements Legal refusal to pay taxes on income earned outside Singapore and not transferred to the resident company's bank account A discount for start-up companies valid for the first 3 years of work: up to the first SGD 100,000 – a 100% discount, and the next SGD 200,000 is subject to a 50% discount (8.5% rate). The conditions for this include registration in Singapore, the status of a tax resident, and no more than 20 employees with at least 10% of them being natural persons.