Emigrating to Singapore: A paradise for expats?

Singapore, the city-state in Southeast Asia, has a magical attraction for many people. With its modern skyline, vibrant economy and multicultural society, it offers an attractive living environment. But before you take the step and emigrate to Singapore, you should find out as much as you can.

Population and size of Singapore
Singapore is densely populated with 5.8 million inhabitants in an area of 728 km². For comparison: Germany has a population of 83 million in an area of 357,114 km². The population structure is multicultural, with Chinese making up the majority. There are also large groups of Malays and Indians as well as a considerable number of expats from all over the world.

Description of Singapore
Singapore is a city-state consisting of 63 islands. The main island, Pulau Ujong, is home to the vibrant metropolis of Singapore City with its skyscrapers, shopping centers and international restaurants. In addition, you will also find green spaces, parks and nature reserves in Singapore. The climate is tropically warm and humid.

Taxes in Singapore
Singapore has an income tax-based tax system. The tax rates are progressive and range from 0% to 22%. In addition, there is a VAT of 7% and various consumption taxes.

Cost of living in Singapore
The cost of living in Singapore is relatively high. This is mainly due to the high cost of housing. Food, clothing and transport, on the other hand, are comparatively cheap.

Health care in Singapore
Singapore has a well-developed health care system. The quality of medical care is high. However, the costs of private health insurance are relatively high.

Visa options and residence permit for Singapore

To emigrate to Singapore, you need a visa. There are various types of visas that are subject to certain requirements. The most common are:

Employment Pass: You get this visa if you have a job in Singapore.
Entrepreneurs Pass: This visa is for entrepreneurs who want to start a business in Singapore.

Dependent Pass: This visa is available to family members of visa holders.

Application for a residence permit is usually done through the employer or the relevant authority in Singapore.

Conclusion

Singapore can be an attractive destination for expats. The economy is strong, the quality of life is high and the crime rate is low. However, you should be aware of the high cost of living and strict immigration regulations.

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GCI UNIT Worldwide is a division of TCME-Group Worldwide, one of the world’s leading professional corporate investment and foreign trade advisory firms, with a total of 17 divisions in various countries and headquartered in Malaysia.

GCI-UNIT Worldwide is very much a hallmark of high-quality service and professional excellence in many different practice areas.

With our department we are a global provider of Citizenship by Investment Programs, Honorary Citizenship, Residency Programs and Citizenship Solution over Economic Ministry. We are able to identify rare and exceptional opportunities for our clients around the globe, mainly combining sound investments with the benefits of permanent residence, passport and citizenship in this country

Our legal team and specialist lawyers are well-known in the global immigration field and have over 25 years of experience in fast-track dual citizenship programs.

We currently work with more than 70 countries, advise governments and help find investors for their projects and focus on high-net-worth individuals (HNWI) or companies that have at least double-digit million assets.

In contrast to the classic agent who wants to sell you a second citizenship, we see ourselves as a “boutice” for a special clientele.
It’s not just a question of which citizenship program is best for you, how much it costs in the respective country, but what happens after that?
Are there good international schools there for your children?
What are the business opportunities in the respective country?
What about health care, how much taxes do you have to pay in the country?
Can I obtain a second citizenship in a country of my choice even though it does not offer an official citizenship program, but the government is interested in individuals or investors who provide a benefit to the country and are therefore granted citizenship!

We are at home in every country where we offer you a residence permit or citizenship, we work locally with our tax advisors and lawyers and of course we know the country and its mentality.

In our opinion, it is not enough to just want to sell citizenship based on books or dangerous half-knowledge.

Another specialty area of full-service consulting is investment opportunity and solutions in Europe, particularly in the Balkans, Africa, Asia, the United Arab Emirates, the Caribbean and the Pacific.

Since 2016, we have been, among other things, an important mentor for various business groups, economists, financial managers, investment advisors, business leaders, lawyers and notaries in the implementation and development of programs as:

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Global Citizenship Investment (GCI) is a global provider of:

Citizenship programs
Honorary citizenship
Citizenship through investment
Residency program
Citizenship through repatriation
Granting of citizenship in the special interest of the Republic

Therefore, we are able to identify rare and exceptional opportunities for our clients around the globe, combining, above all, solid investments that lead to the benefits of permanent residence, passport and citizenship in this country.

In addition, we are in direct contact with several governments interested in appointing business people with a specific network as honorary consuls should a suitable candidate emerge.

If you would like to discuss your internationalization and diversification plans, book a consultation session* or email us at: [email protected]

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Kuala Lumpur 50450, Malaysia
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