Singapore's tax advantages

In recent years, people from China's economic circles have emigrated, especially to Singapore. Tax avoidance is the main reason. Singapore stipulates that only the income from investment in Singapore needs to be taxed, and the income from investment by its citizens in other countries and regions does not need to be taxed. This is very attractive to people with high assets. Take a rich man whose company is listed in the United States as an example. The investment income earned by selling stocks is taxed at nearly 30% in China or the United States. Immigrating to Singapore, for such high-asset people, especially those who have investments all over the world, the available tax avoidance figures can be reduced to? Billion? On the whole, compared with the Singaporean government funds that cost more than 6.5438+million yuan to obtain permanent resident status, this is really nine Niu Yi dollars.

To this end, a Chinese-American investor recently gave up his American citizenship and returned to China. The reason is that his hundreds of millions of global investments need to pay expensive taxes in the United States.

Another reason for emigrating to Singapore is that Singapore's review of the legality of asset sources is relatively loose. Compared with Australian and Canadian countries, this article is especially considerate to many rich people in China. Because it is easy for many rich people to invest money, but to prove the legitimacy of the source of assets, then? Difficult as climbing to the sky? .

In addition, compared with the United States and other places, Singapore's immigration procedures are extremely convenient, generally only taking 6 to 9 months. Investing in immigration to the United States requires a temporary green card in the first two years, which is a conditional green card; Before becoming an American citizen, you need to live in the United States for 30 months within five years. In Singapore, you can directly apply for Singapore citizenship, there is no residence time requirement, and there is no conditional green card. It is also convenient to immigrate from Singapore to other countries.

As for the policy of the Singapore government, experts believe that the Singapore government has formulated such a loose tax policy. First, identify high-asset groups to immigrate to Singapore and increase Singapore's foreign trade and economic exchanges; On the other hand, most of their savings will also choose to stay in Singapore.

Most people who choose to immigrate to Singapore spend very little time in Singapore, and most of them put the main battlefield of life and work at home.