Many people got a very good conclusion after they voted for the project. They own part of their assets. Most people can invest these assets to get more income, and some people will choose to invest their assets in foreign markets, so as to diversify their assets, broaden their foreign business and bring more income. Then which China to choose as the investment target becomes a factor that investors must consider.

With the improvement of the financial supervision system and preferential tax policies for the financial industry, Singapore has gradually attracted the attention of many investors. For example, Zhang Jianjun Ping Shu, founder of Haidilao Hotpot, James Dyson, founder of Dyson Electric Appliance Company, Sergey Brin, founder of Google Search, and others are all considering opening family offices in Singapore. Why do such wealthy businessmen and investors like to open family offices in Singapore? Let's take a look together.

Singapore's economic freedom index ranks first in the world. As a sustainable development region in Southeast Asia and a breakthrough point in the Asia-Pacific market, Singapore has attracted many multinational companies to settle in with its relatively stable economic growth rate, preferential tax policies and excellent talents for many years. At the same time, as a world-class international financial center with sustained and rapid development, Singapore has become the main choice for many high-net-worth immigrants. In March this year, the American Heritage Foundation released the World Economic Freedom Index (202 1), and Singapore ranked first for three consecutive years!

Advantages of Singapore's natural business environment Singapore's sound supervision and perfect financial infrastructure have also gathered many talents in the wealth management industry. With its unique location in the center of Asia, Singapore has become the best choice for high-net-worth families around the world to set up family offices. The main purpose of Singapore's preferential policies is to stimulate project investment, import and export, increase employment opportunities, stimulate the production of R&D and high-tech products and their commercial activities, and make the whole economic development more dynamic. For example, certain time limit reduction or exemption policies or financial support are given to unique industrial chains and services (such as high-tech and high-efficiency companies), large and medium-sized multinational enterprises, scientific research institutions, regional headquarters, international shipping and export-oriented enterprises. Government departments have introduced various preferential policies, and foreign enterprises can basically enjoy the same benefits as local enterprises. From the perspective of tax revenue and cost profit, Singapore family financial office is one of the good choices.

Family offices in Singapore enjoy the current tax relief policy. Singapore has always enjoyed a world-renowned low tax rate. Singapore is one of the countries with the lowest local taxes, with a tax rate of less than 22% and an income tax of 17%. In addition, Singapore can set up an offshore company to apply, and can enjoy many benefits. Family offices in Singapore can enjoy various preferential tax policies introduced by government departments in Singapore, so that applicants can get a rapid family asset planning. Singapore Family Office has a tax management mechanism stipulated by MAS, so applicants don't have to worry about paying too much tax.