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How you can benefit from Financial Investor Scheme Singapore

Tax filing service in Singapore

Singapore stands out as one of the thriving cosmopolitan cities in the Asian region due to its vibrant economy and diverse culture. Other key things that make the country to be quite appealing investors are factors such as the stable political environment and economic stability of the country. The country appeals to investor’s world over alongside other economies within the Asian region. The dynamic and rich city-state is home to many with the financial investor scheme Singapore making the country to be quite appealing to investors. 

The financial investor scheme Singapore was introduced by the Monetary Authority of Singapore (MAS) as a way of attracting wealthy and high net worth families to Singapore. The offer comes alongside the opportunity of utilizing Singapore as a private banking hub with its high-quality living standards and quality life. Investors that are considering taking advantage of the benefits should consider working with corporate service provider Singapore that understands the dynamics of all that the scheme entails. 

Singapore offers great avenues for growth for businesses and individuals world over. The financial investor scheme Singapore is also designed to attract investors willing to develop new and existing businesses within the country. Apart from enhancing the wealth and economy of the country, the scheme also enables the investors and their families to become permanent residents of Singapore. In order to qualify for the financial investor scheme Singapore, there are a number of conditions that should be met.

Here are some of the requirements that have to be met by the individual investors interested in the financial investor scheme Singapore;

  • Must be 21 years old or older
  • Must have a net personal asset of S$20 million.
  • Must invest a minimum of financial assets worth S$10m in Singapore. It should be with a MAS approved financial institution for a period of 5 years starting from the date of issuance of entry permit. 
  • Withdrawal of assets is not allowed unless for purposes of capital gains, interest income and dividend income.

The financial investor scheme Singapore has helped with supporting the growth of the private banking industry and has made it possible for investors to book their assets in Singapore based financial institutions. With the help of a reputable corporate service provider Singapore investors can still be helped to enjoy the benefits that come with the scheme without necessarily committing to staying in Singapore or actively contributing to the economy. Investors looking for ways of establishing residency in this competitive business hub should consider taking advantage of the financial investor scheme Singapore. The high net worth investors are presented with a beneficial way of establishing their businesses and also settling their families in Singapore.

If you are an investor with a sound business plan regarding the creation of a business in Singapore, then this is an opportunity that you should consider exploring. By engaging a reputable corporate service provider Singapore, you can be assured of having an in-depth understanding of what the scheme entails and how you can maximize it for your business establishment in Singapore.

Originally published by onestop-ca.com

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