If you were to start a business, namely in Asia, you would inevitably factor in starting it in Singapore, among others. Here are some reasons which may compel you to eventually start your business, and company, in Singapore. 1) Singapore has one of the lowest corporate taxes in the world The corporate tax rate [...]
Foreigners who bought and own properties in Singapore may earn income from renting or selling their properties. As such, they need to be aware of property-related income taxes for foreigners with property in Singapore. Rental Income From Properties As a foreigner, you are liable to pay income tax on the rental income earned from [...]
There are two routes to become a Singapore Permanent Resident (PR), there is the Global Investor Program (GIP Scheme) and there is the Professionals/Technical Personnel & Skilled Worker Scheme (PTS Scheme). Here is a guide for those that are interested in obtaining Singapore Permanent Residency through the PTS Scheme. This is the more commonly used [...]
There are two routes to become a Singapore Permanent Resident, there is the Global Investor Program (GIP Scheme) and there is the Professionals/Technical Personnel & Skilled Worker Scheme (PTS Scheme). Here is a guide for those who are looking to obtain Singapore Permanent Residency through the GIP Scheme. This scheme is made to suit foreign [...]
There are several tax benefits of Variable Capital Company (VCC). The favourable tax regime for Singapore corporates is applicable to Variable Capital Company. Singapore corporates enjoy a corporate tax of 17%, one of the lowest in the world. The same tax rate will be applicable to VCC. There is also no corporate gains tax which [...]
There are several key requirements of Variable Capital Company (VCC) that need to be fulfilled. The requirements of the Securities and Futures Act (SFA) will apply to the VCC as a fund. This also means that the VCC has to comply with Anti-Money Laundering/Countering the Financing of Terrorism procedures. The VCC will be regulated by [...]
The Variable Capital Company (VCC) is a new legal entity structure for investment funds to be domiciled in Singapore. There are several key features of the Variable Capital Company which we explain in this article. The VCC funds can be either open-ended or close-ended. There is no restriction on the type of fund strategies and [...]
