Congratulations to Xingyunhai International client Mr. G for obtaining the Singapore EP permit!

01

customer background

Mr. G, aged 50+, with a college degree, once served as a senior manager in a well-known domestic foreign trade company, and then founded his own trading company.

With the growing size of the company, Mr. G wants to further explore the international market and develop overseas business, so he has a plan to configure an overseas identity.

02

process

Based on Mr. G's business needs, our senior consultant recommended Singapore as his preferred destination for expanding his business territory.

The reasons are as follows:

①It only needs to declare the corporate income tax once a year, and the tax is levied according to its taxable income, and the tax rate is only 17%;

②Exemption from capital gains tax, allowing shareholders of Singapore companies to enjoy many tax incentives such as dividend income tax exemption;

③Singapore is a member of ASEAN, and there is zero tariff free trade among the 10 member countries of ASEAN. It is easier for enterprises to expand into the ASEAN/European and American markets to break through international trade barriers;

④The Singapore government has signed more than 40 investment guarantee agreements IGA to reduce the non-commercial risks of Singapore companies investing in other countries;

⑤Singapore passport ranks second in the world, with visa-free/visa-on-arrival access to 192 countries and regions.

At the same time, the consultant team assessed the background of Mr. G in detail, and tailored the most suitable immigration plan for him: Singapore self-employed PIC.

Mr. G only needs to register an investment company in Singapore, independently or entrust a third party to invest in global financial products, and then he can apply for an EP employment pass for himself in the form of a shareholder, without spending too much energy and investing a lot of money.

03

time frame

After signing the contract, our company immediately started the project handling of Mr. G, registered the company for him, and then submitted the EP application, and successfully obtained the Singapore EP permit seven days later.

January 2023

registered company

February 2023

Submit application materials

February 2023

Approved EP permit

Congratulations again to Mr. G, successfully started a new business plan!

04

Advantages of PIC project

◆ Low investment threshold, minimum investment of 1 million SGD;

◆ The processing period is short, and the EP permit is approved in only 7 days;

◆ Can enjoy the tax exemption policy for the first three years of the new company;

◆ The investment funds are in the name of the applicant's company, safe and secure;

◆ The company's business can be entrusted to a third party to operate, saving time and effort.

Since May 2022, Singapore has gradually canceled the country's gate control and entered the "people-grabbing mode"!

If you plan to immigrate to Singapore, please grasp the best golden period. Xingyunhai International welcomes you to inquire about identity planning.