Factors affecting immigrants' application for Singapore green card

Chapter I Factors Affecting Immigrants' Application for Singapore Green Card

1, Age Singapore is an aging society, and the government welcomes young and fresh blood to join and make more contributions to Singapore. So young applicants have higher green cards.

Step 2: Location

The higher the position, the higher the salary and the higher the green card.

3. Education

Highly educated talents are scarce resources, and highly educated and local education experience will add points to the application.

4, engaged in the industry

Singapore pays more and more attention to knowledge-intensive industries, so high-tech industries add points to the approval rate of green card applications.

Step 5 Stay time

There is no immigration supervision in Singapore, and the number of days of residence is clearly defined.

6. Family relations

If the immediate family members live in Singapore for a long time, if the children study in Singapore, and the spouse or parents live in Singapore for a long time, then this is a big plus item in the immigration application.

7. Social feedback

Regular participation in volunteer activities, community building, or donation ability will give applicants extra points. Participating in social activities means that applicants are willing to contribute to Singapore society after work.

Singapore has long pursued a free economic system and welcomes entrepreneurs and professionals from all over the world to settle in Singapore. According to the population white paper published by the Singapore government, the population of Singapore may increase by more than 6,543,800,000 in the future 654.38+07, and will reach 5.8 million to 6 million in 2020.

Chapter II Tax System in Singapore

At present, the main taxes in Singapore are: corporate income tax, personal income tax, consumption tax, real estate tax, stamp duty, travel tax and so on. In addition, a labor tax is levied on Singapore companies that introduce foreign workers. There was an inheritance tax in Singapore before, which was cancelled by the government after February 2008 15.

1. Enterprise income tax

Singapore implements a unified corporate income tax policy for domestic and foreign-funded enterprises. 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. Singapore divides taxpayers into resident companies and non-resident companies according to whether the company's control and management functions are in Singapore.

2. Personal 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 0-22%.

Taxpaying residents must pay taxes on their income in Singapore, and income from sources outside Singapore due to employment in Singapore enterprises must also be taxed according to law.

3. Consumption tax

Singapore's consumption tax, that is, goods and services tax, is a tax levied on imported goods and all newly provided goods and services, which is equivalent to the value-added tax in some countries, and the tax burden is borne by the final consumers. Taxpayers engaged in providing goods and services with an annual turnover of more than S $6,543,800 should register for consumption tax. For taxpayers who have registered for consumption tax, the taxable amount of consumption tax is the difference between the output tax paid for the purchase of goods or services and the input tax.

4. Real estate tax

Real estate tax is a tax levied on all real estate such as houses, buildings and land. All real estate owners should pay real estate tax for the real estate they own. The real estate tax is paid annually, and the annual real estate tax is paid every year 1 month. The tax base is the annual value of real estate. The annual value of real estate is estimated according to the annual rental income of real estate, and the estimated rental income does not include rented furniture, accessories and service fees.

5.stamp duty

Stamp duty is a tax levied on written documents related to real estate and stocks. Documents related to real estate include the sale, exchange, mortgage, trust and lease of real estate; Documents related to shares include the distribution, transfer, gift, trust and mortgage of shares. For documents signed in Singapore, stamp duty shall be paid within 14 days from the date of signing; For documents signed outside Singapore, stamp duty shall be paid within 30 days after receipt of the documents in Singapore.

Extended reading: the advantages of immigrating to Singapore

1, global public safety

The report "Global Security" points out that Singapore's overall security index ranks first in the world and it is a country with good security in the world.

2, the most suitable for children to grow up

In the report "End of Childhood Data" released by the international NGO "Save the Children", Singapore was rated as the most suitable country for children to grow up.

3. Local universities rank first in Asia.

In the global university ranking published by QS in 2020, the National University of Singapore and Nanyang Technological University ranked first in Asia with 1 1.

Asia is the best place to do business.

According to the World Bank's Global Business Environment Report, Singapore is the easiest economy to do business in Asia and the second largest economy in the world.

5. Medical efficiency ranks first in the world.

According to Bloomberg News, Singapore has surpassed Hong Kong to become the region with the most efficient medical system.

6. Life expectancy in the world is higher.

Life expectancy at birth in Singapore has increased by 8.7 years, reaching 84.8 years, which is the highest in the world.