Myasis Dragon wrote: ↑Fri, 20 Mar 2020 9:54 pmThere is no upper limit to remuneration.
You have not provided enough information.
Where is your legal residence?
I am a resident of the US and pay my taxes in the US. US taxes are higher than Singapore. My intention is to pay taxes in Singapore; and claim credit when i file my US taxes (there is no tax treaty between the US and Singapore).
Are you living in Singapore on an EP or PR? If yes, have you been (or will you be) there for 330 days or more?
I do not live in Singapore and come to Singapore for short visits (less than 30 days in a year). I do not have a EP or PR in Singapore.
Where you live and where your current tax home matters as to whom you pay taxes to.
I live in the US and pay income taxes in the US.
It is not a scam. The company has been operating for more than 10 years and invests in digital businesses. Some of their investments have been very successful. One of their investments was acquired by one of the largest advertising agency holding groups in the world.
Ever since PNGMK wrote this, I have been wondering just how lucrative a non-resident directorship could be, especially when the OP asks if there is an upper limit to remuneration. In my world, compensation is generally based on an individual's value add, so I've been wondering what a non-resident director could do that could generate director fees with high upper limits.
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