Singapore stands out in the latest "Global Financial Center Index" ranking. It is the highest ranked city in Asia, the first financial center in Asia and the third largest financial center in the world!
01
Singapore tops the list
Become a financial center in Asia
Recently, the latest Global Financial Centers Index (GFCI) shows that Singapore has improved its ranking, becoming the third largest financial center in the world and the first in Asia!
The "Global Financial Center Index Report (GFCI 32)" mainly evaluates and ranks 19 major global financial centers in terms of business environment, human capital, infrastructure, financial industry development level, reputation, etc.
This is due to Singapore's unique advantages in the Asia Pacific region and even in the international community:
National strategic advantage, geographical location advantage, legal system advantage, global integration advantage, dual bank financial advantage, tax planning advantage and privacy protection advantage.
Moreover, since the epidemic, Singapore's manufacturing industry has been the only industry without negative growth, and its economic performance has been amazing.
02
More and more multinational enterprises and rich people
Choose Singapore
Singapore's open market environment, livable environment, core position in Southeast Asian island countries, "tax haven" and other advantages attract many multinational enterprises and rich people.
Since this year, Sony Music, Dyson, VinFast, Modena, TSMC and other large multinational enterprises have chosen Singapore to set up their headquarters in Asia or around the world.
Societe Generale, Citigroup, JPMorgan Chase and other banks also moved a large number of employees to Singapore.
In addition, in recent years, Singapore has become the first choice for the global rich to "leave".
Henley&Partners, a London consulting firm, recently released a set of data: in the first half of 2022, Singapore has added 2800 millionaires, and more and more millionaires have moved here.
03
Singapore Family Office Raises the Threshold
"Small Family Office" came into being
In April this year, the Singapore Family Office raised the threshold, which deterred many investors. In August, Singapore's "small family office" self-employed PIC was born, which quickly attracted the keen attention of high net worth people.
What is a self employed PIC?
Self employed PIC (Private Investment Company)
The applicant has registered an investment company in Singapore, and independently or entrusted a third party to invest in global financial products. Through this registered Singapore PIC company, apply for EP employment certificate as a shareholder, and the company can enjoy the tax exemption policy for the first three years of Singapore start-ups.
Advantages of self employed PIC:
Low investment threshold, starting at 1 million Singapore dollars
No need to hire people, no need to rent offices
Apply for EP after successfully registering the company
Enjoy the tax exemption policy for the first three years of the new company
Fast processing cycle, 1-3 months
Control products freely, and choose all products in the world
A family of three generations of immigrants, free from the pain of separation of relatives
EP approval is fast and can be approved within 7 days at the earliest
Suitable for people
? People interested in livable Singapore
? Entrepreneurs with cross-border business and trade contacts
? People in various industries with investment habits
? Overseas tax demanders
? Enterprises required for overseas listing (overseas structure)
? Brand demand of international enterprises
? People with a certain distance from the threshold of home run new policies
? Education needs of children
Since the Singapore Family Office's new deal capital scale requirements have been greatly improved this year, many investors' investment plans have been blocked.
The newly launched PIC self employment project can be said to be a perfect alternative. With low investment threshold and fast approval speed, it can solve the needs of overseas identity, tax planning, asset allocation, children's education, etc. in one step!
If you are interested in consulting about asset allocation, identity planning, financial and tax planning, and family wealth inheritance and sustainability. For more information about the establishment and operation of the Singapore Family Office, please contact the Xingyunhai International Professional Team.
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