Search the Community

http://sg.finance.yahoo.com/news/think-singapore-citizenship-sacred-guess-160000979.html Wow, our passport is worth $2.5 million............ i assume its in US dollars 1. Singapore – Price: $2,500,000What else could I tell you about Singapore that you don’t already know? It’s a global technology and banking hub that’s already being called the “new” Switzerland by investors from around the world. It’s also seen as a prime location for many companies looking to establish a presence in Southeast Asia. The fast track to Singapore citizenship lies through the Economic Development Board’s Global Investor Program. Through the program, you get instant PR status. And within 2 years you can apply for citizenship. Benefits of Citizenship: Tax Haven: There are no wealth taxes (capital gains, inheritance tax, etc.). Visa-Free Travel: Travel to 167 countries worldwide. Easier to Buy Property: Citizens notably have fewer restrictions to buying multiple properties in Singapore’s hot property market than PRs and foreigners do. VERY Business Friendly Nation: Unlike other nations, you can start a business in only a few days in Singapore, leading many to call it the most business friendly nation in the world. Lower Taxes: Taxes for high wealth individuals (20% flat tax) and companies (17% flat tax) are lower than most industrialized nations. Waiting Time for Citizenship: After waiting up to 3 months for approval to join the Global Investor Program (and $2.5 million dollars), you’ll be awarded PR status. After two years of residency, you can then apply for citizenship. Residency Requirement: Yes. Upon granting of your PR, you’ll be given a Re-Entry Permit that’s valid for 5 years so you can retain your PR. But you must either set up a business in Singapore with 5 Singaporean employees or you must reside in Singapore at least 6 months out of the year. Military Service Requirement: No. PRs under the Global Investor Program are exempt from serving NS (what’s up with that?!).