Things to know before immigrating to Singapore

Things to know before immigrating to Singapore

1. Weather

Most immigrants are warned of their cultural shock. When they move to a new country, they will face it and be prepared, but usually nothing can really prepare you for extreme climate change. It is difficult for British and American immigrants who are accustomed to continental or temperate climate to adapt to the heat and humidity of tropical climate.

Because Singapore is located almost directly on the equator, it has no usual seasonal differences, but has a tropical climate almost all year round. Although it may rain almost at any time of the year, there are still two monsoon seasons, from June to September and from December to March. Generally speaking, 1 1 is the wettest month and April is the warmest month. The humidity is very high, generally above 90%, which may cause great discomfort. The solution to high humidity is to wear loose clothes made of natural fibers. Singapore is 85 miles from the equator (that is, 137 km), so the ultraviolet intensity is very high. It is important to use sunscreen carefully, because you may get sunburned even on cloudy days.

2. Vegetable market

Although there are many supermarkets and large grocery stores in Singapore, its wet goods market is still very popular because of their wide range of products and low prices. The vegetable market does not deal in durable goods such as clothes and electronic products, but specializes in selling fresh meat, vegetables, fruits and spices. Singapore's wet goods market opens early in the morning (usually around 4 am) and closes at noon. In order to get the freshest agricultural products, you need to shop in the morning.

3. House

Singapore is a relatively small country with an exponential population growth, which leads to a serious shortage of housing. This forced real estate prices to rise, leading to soaring public housing prices. In order to solve the problem of overpopulation, most houses in Singapore are located in high-rise buildings. The rent for an apartment in downtown Orchard Road 1500 square feet may be as high as $2,500.

4. Alcohol price

Singapore has various "subsidiary" taxes, one of which is a very high alcohol tax. Although this can enable the Singapore government to control alcohol consumption and increase income, it means that drinking is a very expensive activity, especially if you are an immigrant from a country/region with a large proportion of alcohol. Bars and nightclubs are the most expensive, and the price of a bottle of beer may be as high as 15 USD. Because this will seriously affect your social life, take advantage of the "Happy Hour" promotion, during which every drink you buy will be given away for free. Female customers can take advantage of ladies' night (Wednesday), and most bars provide drinks for women free of charge. The beer shop is a hawker center.

5.chewing gum

The use of chewing gum is prohibited in Singapore, which is a strictly enforced law. When the ban first came into effect in 1992, it covered all types of chewing gum. However, in 2004, the law was amended, and people can now buy chewing gum with therapeutic value, such as dental care chewing gum, as long as it is sold by a dentist or pharmacist and the buyer's name is recorded. It is also forbidden to import chewing gum, and it is not allowed to buy or sell chewing gum in Singapore. Spitting gum will be fined $500. The main reason for the ban is that saboteurs will stick a lot of chewing gum on the sensors of the doors of MRT trains, which will cause the doors to fail to close and lead to service interruption. Although most people may have no problem with this ban.

Further reading: Singapore immigration tax knowledge

With the improvement of people's living standards, more and more people plan to immigrate to Singapore, so what tax knowledge should they know when immigrating to Singapore?

I. Individual income tax

The taxable amount of individual income tax will vary according to the taxpayer (taxpayer or non-taxpayer) and income level. Singapore has a progressive tax system. Except for personal income tax relief, the personal income tax rate remains between 0-20%.

Meet the following conditions, as individual residents:

Singapore permanent residents who have newly settled in Singapore; Or stay in Singapore for more than 183 days (including 183 days) in a calendar year; Or work in Singapore for three consecutive years, even if the first and third years stay in Singapore is less than 183 days.

In addition, they were all regarded as non-taxable residents in that year of assessment.

Taxpaying residents must pay taxes on their income in Singapore. Income obtained from outside Singapore due to being employed by a Singapore enterprise must also be taxed according to law. However, the overseas income obtained by individual residents is not taxed.

Taxpayers have the right to enjoy the personal income tax relief paid by child support, vocational training fees, insurance premiums and provident funds.

Non-tax residents who have been employed in Singapore for no more than 60 days in a calendar year may be exempted from personal income tax, except for non-resident individuals who are directors, entertainers and interns in Singapore. Non-taxpayer residents only pay income tax at the rate of 15% for income obtained in Singapore, or pay taxes at the individual income tax rate of residents, whichever is higher, but may not apply for personal income tax reduction or exemption.

Second, corporate tax.

All expenses or profits of investment in Singapore are subject to income tax unless explicitly exempted in the income tax law. These tax-free incomes include dividends from stocks and trust funds and interest on time deposits.

Both local enterprises and foreign enterprises must pay taxes on income earned in Singapore and overseas income earned in Singapore according to law.

Generally speaking, the tax basis of resident companies and non-resident companies is basically similar. However, resident companies can enjoy the following preferential tax policies, while non-resident companies have no right to enjoy them:

Resident companies have the right to enjoy the preferential treatment stipulated in the double taxation avoidance agreements signed between Singapore and other countries.

Dividends obtained by resident companies from abroad, profits of their overseas branches and service income obtained from abroad may be reduced or exempted.

Newly established resident companies can enjoy tax relief for up to three years.

When the management and control of a company is in Singapore, the company is regarded as a tax paying enterprise in Singapore. For example, branches of foreign enterprises in Singapore are usually not regarded as tax-paying enterprises.

Three. Withholding income tax

When paying a certain amount to a non-tax company, withholding tax must also be paid, specifically involving interest, loans, royalties, management fees, rents and other funds.

According to the revised income tax law, the government will give enterprises a one-time 20% enterprise income tax rebate, with a maximum limit of 654.38 million yuan, or give SMEs a cash subsidy of up to 5,000 yuan.

The preferential plan to improve productivity and innovation will increase the tax deduction of six major projects from 250% to 400%, and the upper limit of each expenditure item will also be raised from 300,000 yuan to 400,000 yuan. In addition, the maximum amount of cash subsidy that enterprises can get is raised from 2 1 000 yuan to 30,000 yuan per year.

Further reading: common sense of immigrants in Singapore

bilingual

There are many Chinese in Singapore, so the languages spoken there are bilingual, that is, Chinese and English, which shows the strength of China there. I used to think that going abroad to settle down is like starting over in a strange place. Like Spain, I still have to speak English and Spanish. It is really tempting for me to have an immigrant country that can speak Chinese.

How to apply

If you want to invest in Singapore, you need to go through certain procedures. First of all, you need to submit all the documents and related documents with an estimated amount of 5650 yuan, obtain the payment certificate of ebd employees, obtain supplementary materials, obtain the approval certificate of the executive board later, and then implement the investment. After that, you need to obtain the equity and the final supporting documents, and finally go through the formalities, that is, the medical certificate and your ID card.

Marriage laws and regulations

According to some new regulations, a citizen in China, a person who has a new nationality and has been living there, and another person who has no nationality can be the conditions for their immigration. As long as you get married, you can immigrate.

Recently, however, there has been an illegal act. Some China people use the act of marrying others to get green cards for others to gain benefits and need to be permanently disqualified.

exceptional case

Some people have certain talents, such as athletes and Beijing opera dancers, which can be used as their own advantages. By using some of them, we can get the people of this country because they need talents.