In recent years, with the trend of asset allocation globalization, more and more high net worth individuals realize the importance of overseas status planning and building overseas homeworld. HNWI's asset allocation has shifted from simply focusing on wealth planning and tax planning to focusing on status planning and building a back garden for overseas life. The home country is still the first place for HNWIs to live and develop their businesses, but for investment, education, health, pension, vacation, medical and other reasons, they build their own overseas living garden. This overseas garden is an overseas home that matches with the economic globalization, Enhancement of investors' international business and status planning, and for the characteristics of the overseas garden, there may be no limit to one, and there may be different choices based on different reasons. Therefore, in 2020, "actively allocate overseas identity and build a garden for life" becomes an important trend of investment immigration.
Today, the world’s traditional immigration powers are tightening their immigration policies. Singapore has attracted much attention because Forbes Asia released Singapore's 50 rich lists (2019). Zhang Yong, the owner of Hai Di Lao, topped the list with USD13.8 billion (around 100billion RMB). Why does Singapore go against the trend and show signs of easing its immigration policy? Why is Singapore favored by HNWIs? You may as well follow Xiao Jin to take a look.
Why is Singapore’s immigration policy showing signs of easing?
200 圣马力诺 1.3
201 西班牙 1.3
202 摩尔多瓦 1.2
203 台湾 1.1
204 香港 1.1
205 波多黎各 1.1
206 新加坡 1.1
207 安道尔 1.0
208 韩国 1.0
209 澳门 0.9
Singapore ranks the fourth-lowest fertility rate in the world in 2019, and it has been declining for nearly 20 years without any easing trend. At the same time, the aging the population problem is becoming more and more serious. It is estimated that by 2050, the average age of Singapore’s population will be 53 years old, ranking fifth in the world.
Ranking 2030prospection age 2050 prospection age
1 Japan 51.5 other area 56.2
2 Italy 50.8 Korea 53.9
3 Portugal 50.2 Japan 53.3
4 Spain 50.1 Bosnia and Herzegovina 53.2
5 Greece 48.9 Singapore 53
6 Germany 48.6 Portugal 52.5
7 other area 48.1 Greece 52.3
8 Slovenia 48.1 Cuba 51.9
10 Korea 47.5 Poland 51.8
Singapore beat the United States to become the world’s most competitive economy for the first time in 2019. Its outstanding scoring points are advanced technology infrastructure, skilled labor reserves, preferential immigration regulations, and efficient entrepreneurial model. We all know that the population has a decisive impact on social stability and economic development. To maintain sustainable economic development and people’s quality of life, talent reserve and labor reserve are the most important and indispensable. The Singaporean government is also aware of this. It is precise because of the huge talent gap that Politicians have declared Singapore’s million population plan in various public channels. As of 2030, Singapore will introduce 1 million migrants to maintain the sustainable development of the economy and to combat the negative impact of an aging society on economic and social stability.
Why is Singapore favored by HNWIs?
China joined the CRS agreement on December 17, 2015, promising to become the second batch of countries (regions) implementing CRS. The State Administration of Taxation has officially issued the announcement of the administrative measures for tax-related information due to diligence of non-resident financial accounts and conducted the first information exchange in September 2018. The signatory country of CRS regulation needs to exchange the financial account information of the non-resident in the jurisdiction of the host country to the country of the resident.
The CRS taxation era has come. Do not evade or be afraid. We should choose Singapore to deal with it correctly.
Tax heaven
One of the developed countries with the lowest tax in the world, fewer tax categories, low tax rate, no capital tax, dividend tax, heritage tax, ideal for global asset allocation.
Financial center
The world’s fourth-largest foreign exchange trading center is not only a leader in international finance and trade but also a leader in asset and wealth management.
Garden city
World-famous garden city, clean and tidy, good security, pleasant climate, no time difference with China, very suitable for living.
Elite education
The high-quality education system is highly recognized, with unique bilingual education, the education system of the Cambridge system which is a golden springboard for the world's top universities
Global access
190 countries and regions, including the United States, China and most of Europe, are visa-free / landing visa, which is equivalent to "international passport".
Medical benefits
The medical level is the best in Asia and the sixth in the world. It has developed medical facilities and various types of medical institutions to ensure the best medical services for everyone.
Several ways of Singapore immigration
