Ong Beng Seng bodyguard an an ex SAF commando

[Leckmichamarsch]

Will the commando be out of job soon ?

overseas posting soon

 

[k1976]

Singapore on radar for 74,000 ultra-rich UK foreign residents hit by tax change​

These wealthy foreign UK residents contributed £6.2 billion in direct tax revenue in 2023

Ry-Anne Lim &​

Tessa Oh​

Published Tue, Oct 29, 2024 · 07:59 PM
Wealth Management

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• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE

WEALTH managers are seeing increasing interest from ultra-rich foreigners looking to relocate to Singapore from the UK, bringing with them a fresh influx of wealth, market watchers told The Business Times.
This comes as the UK is set to abolish the non-domiciled – or “non-dom” – tax status of some 74,000 ultra-wealthy foreign residents, on top of other potential tax changes under its new Labour government.
According to David Lesperance, managing partner of global international tax and immigration adviser Lesperance & Associates, many of these ultra-high-net-worth investors have set up “fire-escape plans” to leave the UK.

 

[k1976]

No worry, good hands continue to create more good pay job with more influx of the Ultra High Net worth…more commando can look forward to more $$$$$ pay jobs

 

[congo9]

No worry, good hands continue to create more good pay job with more influx of the Ultra High Net worth…more commando can look forward to more $$$$$ pay jobs

Good hands is just luring the ultra rich to be in Singapore.
They don't create wealth ,they don't create job.

Tax regime is friendly here. Their money once into Singapore,the tax authority don't ask much probing questions.