Foreigner Seeking Relocation to Singapore
The common mistake for first time foreigner who relocate to Singapore is not applying the best working visa available such as Entrepass or Employment Pass Visa and place oneself in one of the thousands “foreign worker” category. It has a serious impact on their PR application subsequently. To differentiate, one has to try to move out of the “foreign worker” box and instead become a “foreign talent”. How to do that?
One can consider being your own boss, Singapore pro business incentive will fund 60% of your start up cost if foreigner business owner or entrepreneur relocate their business to Singapore, Click to see our PIC tax incentive scheme that will help you in your business relocation. For further information to set up Singapore business, please refer to the following useful links:
1) Type of Singapore Business Incorporation
2) Singapore Company Tax
3) Singapore Business Guide for licenses, yearly Singapore company compliance and relevant business information
Further, you also need to consider of moving your assets to Singapore to demonstrate your commitment however it can be complicated as its involve cross border tax issue. You might be unaware of your tax residence status, how to avoid double taxation and yearly tax reporting requirements. Let our experienced tax consultant assist you in your international tax planning to lower down your overall tax position. For further information on relocation tax planning, please refer to the following useful links:
1) Singapore Personal Tax
2) Singapore Double Tax Treaty assists you business relocation to Singapore
Contact Paul and Hype Page Co. for a FREE consultation on the different visas available to foreigners.