Tax heaven countries for vegans
Have you ever wanted to move to another country but were worried about the food culture? This happens to vegans all the time....
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Singapore
Overview
Singapore is frequently voted the best Asian city in which to live due to its excellent infrastructure and public services. It has one of the lowest crime rates in the world and offers a high quality of life to its residents. Globally, it is rated one of the wealthiest countries when measured by GDP per capita.
It is one of the Singaporean government’s objectives to attract talent to the country for residence and work.
The government’s intention is for foreign nationals to make Singapore their home by becoming permanent residents The Singapore Global Investor Program is designed for entrepreneurs or investors who are interested in making substantial financial investments in Singapore and is designed to attract wealthy foreign entrepreneurs and investors who wish to make Singapore their home.
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SGD 2.5 million into a business, fund, or single family office
9 – 12 months
Eligibility for citizenship after 2 years of permanent residence
Friendly tax regime
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Investment options:
Investment options:
• Option A: Invest at least SGD 2.5 million in a new business entity or expansion of an existing business operation. • Option B: Invest at least SGD 2.5 million in an approved fund that invests in Singapore based companies plus the implementation of a business plan in Singapore. • Option C (Family Office Option): An investment of SGD 2.5 million, used to establish a single family office in Singapore, which is required to have assets under management of at least SGD 200 million (minimum SGD 50 million of assets in Singapore and SGD 150 million in offshore assets).
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain residency through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the residence. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the residency agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving residency:
When the investment and all fees are paid, you receive the certificate of residence. Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
Does this residency allow me to obtain citizenship?
Yes, you can have citizenship after 2 years of residency.
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example a employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
How long does it take to get residency in Singapore?
The Processing time is 9 – 12 months.
Is dual citizenship accepted in Singapore?
Unfortunately Singapore strictly forbids dual citizenship and any person obtaining a second citizenship automatically loses the original citizenship.
With what currency must the residency programs be paid?
This residency program should be paid in euros.
How strong is the Singapore visa?
The Singapore passport ranks 2 in the world, you can enter a total of 193 destinations.
Can I bring my family in this experience?
Yes, However, The spouse of the investor and their children (below 21 years old) are eligible to apply for permanent residence under the investor’s application.
Can the residence be purchased with an investment in Real Estate?
Unfortunately you can't access to residency by an investment in real estate.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum time in the country.
The main applicant must go to Singapore?
The whole process can be arranged without being present in the country.
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