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What to do with your investments here after you leave?
What to do with your investments here after you leave?
I understand, Singapore is very friendly to foreign investors(except for residential propert, recently). There are no capital gains tax on investments in equity or debt. Also the Sing dollar is expected to appreciate a bit in 2013.
I have about a 100k in safe fixed income unit trusts thats returning 6-7% per annum at the moment and I dont mind leaving it there as long as the yields are good.
My question is: Is it feasible to continue having investments here in unit trusts etc while you leave this place for good? How practical is it to remotely operate bank accounts etc or is it even legal having a bank account if you are no longer resident? I think it is, considering Singapore is an open economy and also treated as a tax haven my many.
Suggestions appreciated.
I have about a 100k in safe fixed income unit trusts thats returning 6-7% per annum at the moment and I dont mind leaving it there as long as the yields are good.
My question is: Is it feasible to continue having investments here in unit trusts etc while you leave this place for good? How practical is it to remotely operate bank accounts etc or is it even legal having a bank account if you are no longer resident? I think it is, considering Singapore is an open economy and also treated as a tax haven my many.
Suggestions appreciated.
I never said that Indians should go back to build the country. I only said, Indians should go back, if they cant earn(and save) enough here. There are several Indians who are struggling here trying all sorts of means like PR, PEP etc just to stay even if it means low paid job or jobless. My advice was for them specifically.zzm9980 wrote:Come on Rev, you're constantly trumpetting that Indians should return to the mother(father?)land and help build their country. Why don't you put your money into Indian investments?![]()
If you earning well(and saving) here, they why not. Make hay while the sun shines


Singapore is a tax haven in its own right (due to no tax on capital gains, good financial infrastructure and little or no cooperation with foreign tax authorities) and handles much higher volumes of personal wealth management than the minnows JR8 mentions above.
(Source: http://www.economist.com/news/special-r ... remarkable)
(Source: http://www.economist.com/news/special-r ... remarkable)
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If you re earning 6-7% without excessive risk you are doing fine. I work for a private bank and Singapore is OK. And alot of the customers are non-resident, so you are OK leaving your investments here. Although personally I just buy property, bricks and mortar lad etc.
Tax havens: Seychelles, Mauritius, Bahamas.
Forget Switzerland. They will crumble soon (or maybe not). I moved my cash out of a numbered account in Switzerland to Seychelles. Bloody USA asking details about my account etc (granted, I wasn't paying any tax). It's not as if I'm a millionaire!
Tax havens: Seychelles, Mauritius, Bahamas.
Forget Switzerland. They will crumble soon (or maybe not). I moved my cash out of a numbered account in Switzerland to Seychelles. Bloody USA asking details about my account etc (granted, I wasn't paying any tax). It's not as if I'm a millionaire!
Who? What? How? Why? Where? When? Merde...
Hah?beppi wrote:Singapore is a tax haven in its own right (due to no tax on capital gains, good financial infrastructure and little or no cooperation with foreign tax authorities) and handles much higher volumes of personal wealth management than the minnows JR8 mentions above.
(Source: http://www.economist.com/news/special-r ... remarkable)
Switzerland has over double the private wealth invested of SG and HK combined, and yet you call it a minnow.
The Channel Islands are also significant financial centres as is the Isle of Man. Unfortunately the figures are unclear as they seem to be lumped together with the UK and Ireland.
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