Condé Nast Traveler travel magazine recently unveiled its list of the world's friendliest cities for 2024.
The list is based on reader votes from the Readers' Choice Awards, which focuses on the hospitality and uniqueness of the world's major cities.
Singapore topped the list as the world's friendliest city with a score of 94.84.
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Singapore tops the list
Recognized as the World's Friendliest City
As a globally renowned financial center marked by skyscrapers and advanced technology, Singapore is a modern metropolis overflowing with vitality, with clean streets, a high level of safety and security, and a multicultural mix of Chinese, Malaysian, Indian and European communities.
This is one of the reasons why Condé Nast Traveler readers named it the world's friendliest city.
Meanwhile, Singapore is known as the “Garden City”, with beautiful parks and tree-lined streets, a high percentage of greenery and fresh air. In addition, Singapore's strict laws and high quality of citizens make the city feel safe and secure both inside and outside the city.
Magazine Essentials says: “Singapore has all the ingredients to achieve metropolitan utopia status.”
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Singapore's favorable environment
A Preferred Migration Destination for the Rich and Famous
In fact, Singapore is a favored destination for the world's rich and famous.
In addition to being honored as the “friendliest city”, Singapore has also won the “World's Freest Economy”, “World's Cleanest Government”, “World's Strongest Passport”, and “World's Most Powerful Passport” a number of times. Strongest Passport”, ‘International Shipping Center’, ‘World's Smartest City’ and ‘World's Richest Economy’.
These accolades are a testament to Singapore's economic prosperity, excellent business environment and sound infrastructure.
It is worth mentioning that Singapore has a friendly tax environment, with a single tax system, low tax rates and the principle of territorial taxation. The corporate income tax rate ranges from 0 to 17%, and the maximum personal income tax rate does not exceed 24%.
At the same time, Singapore exempts overseas capital gains, dividends and income from tax, has no inheritance tax, and has signed double taxation agreements with more than 80 countries.
Therefore, based on multiple considerations such as asset allocation, development opportunities, education resources, and quality of life, many Chinese tycoons have chosen to immigrate to Singapore, such as Li Xiting, Chairman of Myriad Healthcare, Zhang Yong and his wife, founders of Hai Di Lao, and Peng Lei, Queen of Alipay, and her husband, Sun Tongyu, to name a few.
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Moving to Singapore
Self-Employment PIC Program
There are various ways to move to Singapore, among which, the Self-Employment PIC Program is easier and popular.
The program requires the principal applicant to register a Private Investment Company (PIC) in Singapore. Once the company is established, the applicant can apply for an EP employment pass for himself as a shareholder.
Meanwhile, in order to save time and effort, the applicant can choose to entrust the day-to-day operation of the company to a professional third-party organization.
After fulfilling the conditions of holding the EP Employment Pass for 2 years and the company remains in operation, fulfills its tax obligations, pays CPF and resides in Singapore, the applicant can submit an application for Permanent Resident (PR) status to the Singapore Immigration Department.
It is worth mentioning that the application requirements for the Self-Employed PIC program are relatively lenient. Applicants only need to fulfill the following four requirements:
① Possess a university degree or above;
② Age between 30 and 50 years old (optimal);
③ Invested capital of not less than S$1 million;
(iii) A minimum investment capital of S$1 million; and (iv) Industry accomplishments and extensive experience in entrepreneurship and business investment.
Singapore is a great city to live in, so if you are interested in moving here, please contact Nebula Sea International and we will provide you with a customized solution.
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