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Lazy Tax Resident

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Taxationistheft
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Lazy Tax Resident

Postby Taxationistheft » Wed, 22 Nov 2017 8:54 am

I want to retire to Singapore and live off 0% tax capital gains. Is that possible? The rule says stay/work for 183 days to become resident. But staying over 183 days seems require some kind of employment pass.

bgd
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Re: Lazy Tax Resident

Postby bgd » Wed, 22 Nov 2017 10:17 am

There used to be a retirement visa, but is was removed some years back.

One of our regulars looked into retirement on a PR and found that it was possible, although you run the risk of the REP not being renewed at some point.

So as far as I know, unless you are a citizen, it is difficult to retire here. Being the pragmatic country it is, I'm sure there are ways if you are very wealthy.

Malaysia does have a retirement visa, that maybe worth a look.

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PNGMK
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Re: Lazy Tax Resident

Postby PNGMK » Wed, 22 Nov 2017 11:41 am

The PAP have raised the prospect of 'new' taxes. Considering how much push back they are getting on raising the GST or income tax it's possible they may bring in a CGT soon.
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Strong Eagle
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Re: Lazy Tax Resident

Postby Strong Eagle » Wed, 22 Nov 2017 12:03 pm

You can still get PR in the global investor program.

https://www.contactsingapore.sg/gip

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PNGMK
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Re: Lazy Tax Resident

Postby PNGMK » Wed, 22 Nov 2017 12:45 pm

Strong Eagle wrote:You can still get PR in the global investor program.

https://www.contactsingapore.sg/gip


I'd scratch Singapore off any 'low tax' list OP has. Maybe go to Monaco instead, the PAP have been pretty adamant Singapore's days as a low tax haven are gone.
IANAL. IANACPA. IANA Teacher.
Arrested? Lawyer Up
International School job? School website or http://www.ISS.edu
School advice? Avoid for profit schools
Tax advice? CPA
Pay me $5k for 100% success filling in PR form!

Taxationistheft
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Re: Lazy Tax Resident

Postby Taxationistheft » Thu, 23 Nov 2017 7:56 am

Ok, thx for answers.


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