Job Recruitment Website - Immigration policy - Immigration to Singapore will help you find a tax haven.
Immigration to Singapore will help you find a tax haven.
Public reports show that in order to avoid taxes legally, more and more rich people around the world choose to give up their nationality and look for the next tax haven. The British "Times" revealed at the end of last year that the world's super-rich took advantage of the differences in cross-border tax systems to hide huge wealth worth 13 trillion pounds (about RMB 129 trillion yuan) offshore, which is nearly three times the GDP of China.
In recent years, the news that well-known rich stars immigrated or naturalized in Singapore has been constantly coming out. As far away as Gong Li, Zhao Wei and other famous domestic artists were exposed to emigrate to Singapore, as well as the recent international kung fu superstar Jet Li and internationally renowned investor Jim? Rogers publicly admitted to holding a Singapore passport for a long time.
As the first most accurate research report on investment and immigration industry in China so far, it is pointed out that Singapore has become one of the most suitable countries to attract the world to do business because of its outstanding commercial achievements, superior geographical location and extraordinary creativity. As more and more stars and rich people set an example, domestic investors have turned their attention to Singapore.
Singapore, located in the Straits of Malacca, with a land area of only over 700 square kilometers, has become an Asian economic center and even a global financial center with its unique geographical position. Singapore, with a population of more than 5 million, has become a multi-ethnic and multi-racial integration. People of all ethnic groups live and work in peace.
A low-tax paradise for the richest people in the world
Singapore implements a progressive tax rate system and is recognized as one of the countries with the lowest tax rate in the world. The personal income tax rate is maintained at 0-20% except for personal income tax deduction. As a free port where goods, services and capital flow, there is no foreign exchange control and capital gains tax, capital gains tax and inheritance tax. At present, the highest corporate profits tax is only 17%, and the regional tax system is implemented (that is, overseas income is not taxed). According to the statistics of Singapore Inland Revenue Department, among the more than 5 million people in Singapore, more than 80% pay taxes between 0 and 2% of the total income.
In Singapore, income from sources outside Singapore does not need to be taxed, and it is also exempt from capital gains tax and property tax. Anyone who lives in Singapore or performs his duties for 183 days becomes an immigrant resident of Singapore. Residents should pay income tax on their income generated or originated in Singapore or remitted abroad.
Non-resident individuals who have been employed in Singapore for no more than 60 days in a calendar year are exempt from personal income tax, except those who are directors, entertainers and interns in Singapore. Non-resident individuals pay income tax at the rate of 15% only for their income obtained in Singapore, or at the resident individual income tax rate, whichever is higher, but may not apply for personal income tax reduction or exemption.
The collection scope of individual income tax for investment immigrants in Singapore includes employment income, business income, dividends, interest, pension, rent, royalties, insurance compensation income, property income and so on. Tax-free income includes pensions, pensions and gifts between individuals.
In terms of corporate tax, Singapore is one of the developed countries with the lowest corporate tax rate, only 17%. Income earned by local enterprises and foreign enterprises in Singapore, income from Singapore or overseas income earned in Singapore are subject to tax. When making tax assessment, it is based on the income of the previous year.
The Singapore government gives enterprises a one-time 20% corporate income tax rebate, with an upper limit of 6,543,800 yuan, or gives SMEs a cash subsidy of up to 5,000 yuan. According to the preferential plan for productivity and innovation, the tax deduction of enterprises' expenditures on six major projects is 400% of their expenditures, and the upper limit of each expenditure item is 400,000 yuan. In addition, enterprises can also get a cash subsidy of up to 30,000 yuan.
In addition, Singapore has no inheritance tax and is exempt from global double taxation.
The explanation of the source of funds is relatively simple.
Strictly speaking, the Singapore Immigration Bureau only treats immigrant applicants? The first bucket of gold? Get a general idea. With the Swiss financial industry no longer providing absolute protection for the property privacy of the rich, the commitment of Singapore's banking industry to strictly enforce the bank secrecy law is more favored by high net worth individuals around the world. Singaporeans? Asian tax haven? Walk slowly towards it? Global tax haven? .
Unique advantages of human geography
Apart from the temptation of a low-tax paradise, Singapore, as the core of the Asia-Pacific region, directly radiates the geographical advantages of the entire Asian economy and obviously plays a great role. In addition, Singapore is a bilingual country, with Chinese accounting for more than 70%. Its geographical location is closer to China, and its overall cultural environment is suitable for China investors.
- Previous article:Do minors need their parents to apply for Hong Kong and Macao Pass together?
- Next article:New regulations of maple leaf card in Canada
- Related articles
- Who are the main targets of establishing community activity centers?
- The Ministry of Education has strict requirements on the qualifications of international students. What happened?
- Ni Ping and Ju Ping are two famous mouths in the same box. Although the age difference is not big, but the spirit is really different.
- Quanzhou drives to the Eighth Route Army Memorial Hall in Urumqi, Xinjiang Quanzhou drives to the Eighth Route Army Memorial Hall in Urumqi, Xinjiang.
- How to prove that you have lived in Spain for more than six months and have no criminal record?
- When does Zhenjiang Jiangsu University start? (When will Jiangsu University start?)
- The policy and cost of crew isolation in Vietnam in 2022
- How many people are there in danjiangkou city Water Conservancy Project Immigration Service Center?
- Transfer public grievances
- A Brief Introduction to the Author of Hundred Years of Jinshan