Singapore Expats

sundaymorningstaple wrote:At least when you do, you will be permanently marked.

That's even worse

sundaymorningstaple wrote:Give you a little secret......

There is only one thing the ICA hates more than PR abusers.



Lawyers. That's why it's almost impossible to find a lawyer who will represent you as they know as soon as they enter the fray, the client has lost. Full Stop.


But, don't let that stop you. At least when you do, you will be permanently marked.

What do you mean? I don't intent to have the lawyer represent me. I just need his help to clarify the points I've gotten from this forum to help me formulate a strategy. Like what sort of documents I would need, who I should approach to have the best chance.

Though after reading the latest financial reports regarding the state of the Singapore economy, I'm not so sure anymore if a PR is really what I'm looking for, especially at around this time. Seems there's more cons than pros to it as opposed to simply being a foreign business owner of Singapore resident companies. Still, thanks for the info.

there are many other ways to to reduce tax liabilities, and they do not have to be structured through a singapore vehicle.

my base company is situated in labuan (i'm a non resident). it was the best choice from among variety of options proposed by my accountant in a report.

your singapore company can own your car and condo in singapore. it is actually more convenient to dispose of things (real estate, mostly), in my opinion.

pay someone to get you the information you need to make an informed choice.

taxico wrote:there are many other ways to to reduce tax liabilities, and they do not have to be structured through a singapore vehicle.

my base company is situated in labuan (i'm a non resident). it was the best choice from among variety of options proposed by my accountant in a report.

your singapore company can own your car and condo in singapore. it is actually more convenient to dispose of things (real estate, mostly), in my opinion.

pay someone to get you the information you need to make an informed choice.

Thanks, I've looked through a couple of pointers regarding Labuan for 5 minutes, so I'm sure there's still more I'd need to see.

The rates for the particular activity I'm concerned with, licensing to an offshore (offshore to Labuan/Malaysia) company, seems to be a nice 3%. Question is, how long does it take to incorporate a Labuan company? Do they allow for complete foreign ownership in perpetuity? All of my partners are Indonesian, so that's a concern. How about registering for trademarks and patents? How long does it take to do so in Labuan?

What about the availability of skilled labor on the island? And are Labuan resident companies subject to NEP quotas regarding employment (must recruit x% of Malays)? Thanks in advance.

P.S. Which legal service firm can I trust for Labuan-related consultation? Any website you can point me to?