Singapore is Now OFF LIMITS
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- Опубликовано: 4 июл 2024
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The Global Investor Programme (GIP) accords Singapore Permanent Resident status (PR) to eligible global investors who intend to drive their businesses and investment growth from Singapore. You will need to have a substantial business track record and successful entrepreneurial background to qualify. Recently moving to Singapore become much expansive.
In this video, Andrew explains why Singapore is now off-limits.
00:00 Start
0:20 Singapore's Global Investor Program
1:30 Requests for Participation
3:13 Permanent Residency in Sinapore
5:06 Moving to Singapore
8:00 Taxes in Sinapore
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I first went to Singapore in 1974. Over the years I have seen it reinvent itself. It continues to do so and good luck to it.
You could start your own country for those amounts . . . . . . . . .
Lol soo true it’s insane
Lol that might be the move the way things are going these says lol
In the parallel universe, a group of Nomad Capitalist viewers pooled together their money and formed a new country…
@@jasonw9251 Seriously & Respectfully why not ? Baja California anybody ? . . . . . . . . .
@@jasonw9251 Baja California (until we rename it ?)
Spoke to a person recently who has some knowledge of Singapore; more than I do, certainly, and he said basically the same things Andrew has here.
Singapore is small, they're not hurting for people or wealth and they know they're a hot commodity for people wishing to relocate so they want and need to set the bar very high and rules such as these are how they go about it.
Will Kuala Lumpur follow this same path regarding potential expats wishing to reside their?
@@fizywig Who knows? It might someday if it finds itself inundated with expats but Malaysia is so much bigger and has so much more room to grow and develop that I think it's highly unlikely; at least in the near future.
@@fizywig It could more than likely happen in some Caribbean islands. More than likely from American pressure.
And the worst part is… people are still rushing to get-in despite all the barriers to entry. Singapore had to double the taxation from 30 to 60% to bar foreigners from bidding up the local real estate prices too high. They are experiencing huge inflows from China, Taiwan and HK in particular
@@GrikWorldNomad Chinese province? Shows u know nothing and just wanna talk
Fact of matter - Singapore is only approx 730 km2, smaller than cities like Hong Kong, London, New York...yet Singapore does not have hinterland or outskirts like these others. It is a city State. So bottom line is Singapore cannot afford to be home to everyone, which is why it can afford to chose the more "ideal candidates".
@@mynameis0077 the government part is spot on. other might sound better but if the government there is sketchy? yeaa..
@@LinksRoyal sketchy? Maybe. But still sketchy is far more better than corrupt. Try staying in its neighbor and see for yourself.
@@mynameis0077 You might need to re-read his comment. He said that other countries might sound better but their government is sketchy.
@@danielc2701 whatever it's. Singapore is the best and cleanest place I've known by far. However nothing is perfect so as Singapore.
Many people don't understand Singapore is not a place for poor people to build their dreams. The country is too small for people like that.
It's the best and safest place for super rich to keep their money after the world lost their trust on Switzerland.
@@danielc2701 many westerners have had misconceptions about Singapore. They've mistaken Singapore as America. Ends up with lots of disappointment.
Singapore is a country where you put your money, it is a safe place and you can make more money. If you do not want to lose your investment and continue to get good return then Singapore is a good place. You can place your investment in cheaper alternative of course, just be careful you do not lose your money because if something happened you are not going to get your funds back so easily as investing in Singapore.
Comparing Singapore to KL/Penang would be a stretch, the level of development is pretty different
If you're unattached, no kids and just generally mobile, your comparisons hold. Singapore is unique in greater East Asia as it provides solid institutions, security and most importantly, safety for your family and wealth. it is a regional hub for the wealthy or high earners as it caters very well to Chinese, Indonesian and Indian communities. For many, safety, security and education options are non-negotiable and for that there is no comparison in the region. If I were single, I'd be in KL. With my young family, I'd rather be no place else.
nope! all wrong. have you not seen the news? sadly, dead babies found in parks in Singapore, school kids stabbings have occured, a lot of teacher-student molestation and sexual assault cases surfacing, more recently the rich lie about helpers stealing and get minimum jail time. construction "migrant" workers treated poorly and helper abuse coming to light more and more. and have you seen the weekend schools with kids sent there half falling asleep at their desk. the school education system in Singapore is worrying for children's mental health. plus, many teachers aren't very good in the private schools that cost a fortune now. they're coming from the UK after all!
I will agree to this. It takes a lot off your mind when you can trust that your children will be safe even when you are not around them.
@Marc Just curious why you like KL for "single" people. I am single.
@@propertyguru22 fair question. I find KL to be more vibrant. If your focus is on professional networking Singapore may have the edge. However I have found KL to be an easier place to find friends, there's always more 'cool" places to check out and basically the rougher edges of KL make it more interesting. Plus the various activity groups (hiking, cooking, whatever) seem to be more open to foreigners. Full disclosure, I'm a white male. Your experience may vary. Lastly, consumption is cheaper. Taxes are higher, but you can find a way around that.
Agree with you.
editing so much better today compared to yesterday, this is the way to go!
Interesting changes.
I just went through Singapore. Ill visit for 30 days, live in nearby countries for a fraction of the cost
Downtown Johor Bahru to walk over?
Yes there are groups of Singaporean citizens living in JB (Malaysia) and cross over daily for work!
@@tantangpenn5496 Bali and Thailand are two hour flight
500 a month rents
300 a month food
100 a month medical coverage
No auto cost
Perfect
@@suenummy I’ll be in Malaysia in a few months to check it out
@@RetireandGo
Singapore is only good and affordable for Singaporeans and the super wealthy foreigners. If you are living on a shoestring budget, please don’t come.
Honestly, I can't think of anywhere else I'd rather live. I was there for 6 years and had permanent residency. I would do anything to move back and stay permanently. Citizenship is my goal. Malaysia was always kind of meh for me in comparison. Hong Kong won't be an option for me either with the political stuff.
As a Singapore citizen, I always tell people it can be the top country to live in if you can fix the boredom of living in a tiny city by having your own social circle and travelling around occasionally.
Stamp duty for foreigners are designed to stop foreign real estate speculators.
Doesnt affect foreigners who wish to settle down permanently in Spore by becoming permanent residents.
Born in Singapore. Third generation here.. impossible to move up the social ladder even with a masters degree from top university. Entry level japan car cost usd 120,000 to own
And all the well paid high positions have already been reserved for the foreigners. PAP is bringing real Singaporeans back to the colonial age except they and their cronies have become the new exploit the people masters
The hidden aspect of meritocracy.
Just like unchecked unregulated free market capitalism, it eventually becomes a previleged club.
And that club isnt an education or a top ranking professional in a choosen field but generational wealth.
Can consider migrating elsewhere with that certification.
@@theallseeingeye9388 this is the opposite of mertitocracy lol,unless you scoial sciences nerd twisted the word to mean something else
Singapore is the Switzerland of Asia for a reason.
Spot on! 👍
Recently a reporter asked Singapore PM about foreigners immigrating to Singapore, he said Singapore immigration has received a “billion” applications from foreigners...😂 though he may be using a hyperbole to describe the amount of applications, but I don’t think it’s too far fetched to say that....
He means a billion, guess which asian country they tend to come from?
@@stephenshw2262 Cheena
is there a link to that?
@@cancanjaker1620
It was on the evening news...
because Singapore is a rich country surrounded by poor countries like Malaysia, Indonesia, Thailand, that's why when there's such levels of wealth disparity it attracts everyone from surrounding countries wanting to get rid of their interior passports to get the Singapore passport which is the strongest in the world.
Insider knowledge: Singapore is transitioning from a financial hub to a regional/circumstantial global banking hub. They are modifying their strategies to take full advantage of the current situation.
What is the difference between a financial hub and a regional global banking hub? And isn't the latter an oximoron?!
@@ordoabchao4202 Exchange of money vs Storage of money.
A lot of assets are being bought in Singapore in the masses.
you mean Singapore is going to store lots of gold? hope it wont sink the island due to the weigh lmao
@@ordoabchao4202it wants to be the largest washing machine in asia
The priced out a lot of people with that including myself it's like spending half is fine. 25 mill is ridiculous 2 million fine...50 million is a lockout. Very very very small number. It's become the Dubai of Asia it's crazy
Singapore development is just like a parabolic rally of a stock market. The leader who manage Singapore as an asset under management as bank could lead to disastrous consequences when the bubble busted
Exactly. All they could think about is money and profits. Its crazy
Indeed when the silly wealthy thinks they are safe to put all their I'll gotten eggs in one island, the accounts are just ripe for the picking.
If you dont like the game, dont play. It's not for the faint-hearted. We work hard, and we play hard.
Singapore RULES!!!! Can’t say I blame them for jacking up the price. Why did they jack up the price and make it more difficult for folks to obtain citizenship? Because they can. Hats off to Singapore😎🖖🏼
MoM said live what you can afford. Not what you think you can buy. This why forginers have hard time living a wonderful life.
No because rent and property prices in Singapore has been going insane lately. There is too much speculation going on.
I agree. I love living in Singapore. Meanwhile, my own country in Europe has thrown open the gates for uncontrolled mass immigration into the welfare system and squeezes the middle-class ever more to pay for all that nonsense...
Smart people always planned ahead. Not trying to contain somebody else.
South Korea just increased the investment size from 500M KRW to 1 billion KRW
I’ve been in Singapore for 9 months having lived in Malaysia for 8 years. I’m so bored here, there isn’t much to do.
You May leave Thank you
Singapore is very tiny cannot even do a road trip 🙄
I've been in Singapore for 5 months and incredibly bored. There is literally nothing to do here except mall after mall after mall, their shows are boring and gimmicky and too many xenophobic Boomers
@ace razak why dun you go into cycling. Lol.
@@imsara_h
You can pack up, leave...not welcome in Singapore
It has become Monaco on the Equator. As a long term resident of the city state, the rents have become an enormous 'tax' on income and make the tax advantages of being an expat far less attractive. Imagine paying US$75-120K per year on RENT for an average apartment or condo depending on location.
oh please, that's way above average condo rental. you're probably renting a several rooms for 75-120k USD.
I stayed at a 2 room for around 3k SGD per month after a near 50% increase in rent across the country.
For your range, you must be staying in a very large condo in a central location.
@@animaze8043 what area are you staying in? I've been hit with a 50% increase which takes my very humble 2 bedder (older building, nothing special) to about S$5K. Around me the prices have skyrocketed. And the real estate is nothing special.
@@plumleyfriends8697 d19.
Everything rental in sg has gone up 50% since 2022. Even the not so desirable locations.
Thank you Pandora paper 👏👏👏
Visiting my brother there this November, glad I can stay at his place to avoid hotel bills! Can’t wait 🇸🇬🇲🇾
Malaysia hotels are literally very cheap, you can live like king here.
@@syafiqzailan doesn’t seem that cheap when I check online, at least in KL 🤔
Thank you for your valuable insights. From the info given, it looks like MM2H doesn't look bad at all.
well-made video
singapore is small country but too many people want to live there. with the new regulations they can limit the number of people to live there
Hi Henderson, thank you for making this clip. Explicitly highlights the kind of migrant/investors Singapore wants to exclude. As you said, Singapore is unfortunately small city state, ‘vacancies’ for migrants limited. Call us a niche that offers some conditions not many places can boast of eg safety, diversity, efficiency, etc…. only those who can qualify can make it! Others please look elsewhere. 😅
Problem is i have to and love living in London with my family. My business is in Dubai and UK wont take a flat tax
I travel a lot to Singapore for business and what i heard companies concern about the high cost of housing for its employees and plans to reduce their workforce for this reason. Do you have any comment on this issue?
It is a clear and present danger. The Rent inflation is out of control.
Companies that are paying for the rent of their expats will have to expect high expenditure as Singapore's property rental is amongst the most expensive in the world second only to Hong Kong and New York.
Well westerners can't stand eating at food courts and mingle with the locals or live in public HDB flats. Those are already red flags if you want to relocate westerners to Singapore. HK or India would be a better choice
I think the rents have peaked and the market is cooling down. There were a few factors that were driving rents post-covid but are now subsiding.
Like Dublin
If a rich singaporian person had all those conditions he would immediately leave Singapore 😂
And go where?
@@bell-xk5dd japan/canada/norway/switz
@@Fakeslimshady Japan is generally xenophobic to foreigners and you will have a hard time living there unless you can speak Japanese. The western world is generally in decline. May seem like a romantic idea to move to some place with four seasons and snowy mountains, but the reality could be quite different. Eg shoveling snow from your driveway or having to de-ice your car isn’t fun. Moving there, you may find that you jumped from the frying pan into the fire, or that the greener grass is actually plastic 😂
@@Fakeslimshady
Japan...language barrier, besides foreigners can never be truly accepted within their society. A foreigner is forever a foreigner in Japan. Even if you get their citizenship, there’s an indication in your identity card that you’re a foreigner.
Canada...too cold. You have to spend at least 4 months of winter indoor, and everything looks white outside😂. Very inconvenient. It’s nice if you’re there only for holidays , it can get boring if you’re there years in years out....in Singapore, you can just walk out to buy foods, go to your nearest marketplace, sit down and order a bowl of noodles and coffee... hop on a bus and you can go anywhere, life is so much easier here.
Norway, Switzerland...language barrier again....and these places never welcome foreigners...somehow they will make you feel “ foreign” 😂
It’s true.. born singaporean and served the mandatory army as a man
No free lunch here. Come to Singapore with a good skill sets. Money is not omnipotent but able to contribute the public good to our citizens do count. There are some rich people who are doing a lot self indulgence lifestyle ( ride high speed racing, excessive clubbing ,etc.,) and boastful to exhibit their wealth which we do not need here . Important, you bringing in good values & human decency into our public spaces.
Nevertheless, i am most impressed with the quality and efficiency of the government
Malaysia is reviewing its MM2H,make malaysia my 2nd home conditions to make it much easier to gain residency.
Sounds like a Plan A+. Always reminded me of Monaco, if it had been built on a swamp.
We were a malarial swamp once upon a time.
If other south East Asian play it well, they could profit from Singapore putting the bar higher for permanent esidency. Malasia, Thailand but also Vietnam, Camboya, Laos, even Myanmar when they short out the mess there.
Hypothetically speaking:
What would happen if you “invested” the 2 years pay needed until permanent residency plus a bonus to a local company through a third entity to hire you for some BS position where you do like 2 or 3 hours of “work” per month just for show.
Surely, that’s gotta be the cheaper and easier option at this point!
Almost nobody is getting PR now.
Yeah. You should remain in Malaysia.
It will always going to be more expensive thanks to FED non stop printing, all the inflation has to go somewhere.
Weather is great in Singapore? It extremely hot and humid 😂😆
I’m an American in Singapore and spending 5 figures monthly just to survive here 🤑
5 figures???? Because u r having all the good foods n stuffs.
Good luck with that.
Sounds about right, Singapore is supposed to be an expensive country like any other first world cities, you don't expect things to be cheap at New York and London, likewise it's the same in Singapore.
not worth
5 figures!!! That ain’t ‘just surviving’ unless you got big family. I am single and can spend $2000. Just eat in kopitiam and take public transport.
Excellant ... now I have another good reason not to go to a place I had no intention of going to
Very true
Local Singaporeans have been consistently complaining that they are being priced out in their own country by foreigners. In the last decade or so, the Singapore government share of votes have been consistently falling, whilst that of the opposition has been going up. Unfortunately, xenophobia is a growing trend in Singapore, a strong backlash against "foreign talent". That has probably tempered the government's attitude to foreign investment and foreigners. But than, that's a global trend. UK and the US are probably prime examples of this.
Nahhh, there are cheaper options.
Andrew do Chile next!
Singapore is always the hot first choice for those with money. Many fortune 500 non labor intensive MNCs moved from Singapore to Malaysia or other ASEAN countries to save on lease and operations costs but within 24 months all quickly returned to Singapore for sheer speed and efficency. Doing business in Singapore is like riding a jet vs taking a bus elsewhere. Security of ROI is almost always guaranteed if all the right business mix is in place. Speaking from experience. However, recent years has seen many cheap dubious labor deemed " foreign talent", especially from south asia flooding the city. Not a good development if the powers that be continues to play pimp to these set workers. Then not only off limits but check mate. 😳
What you just describe is almost the exact opposite of Japan, i guess Singapore doesn't want to go down Japan's path
Timestamps in Taiwanese Mandarin
00:00 新加坡的全球投資者計劃費用四倍於同類型的歐洲計劃
- 新加坡的全球投資者計劃總是比同類型的歐洲計劃更昂貴
- 經濟發展委員會提高了參與該計劃的要求
01:27 在新加坡投資至少需要每美元 7.5 美分並創造就業機會
- 方案一：投資1000萬新元，創造30個就業崗位，其中至少10個是新員工
- 方案二：投資2500萬新元於獲批的基金或設立20億新元的家族辦公室，其中至少5億投資於新加坡的私募股權或股票
- 新加坡沒有資本利得稅或股息稅，對於熟悉個人稅務狀況的人來說，新加坡是一個有吸引力的投資目的地
02:49 新加坡向高淨值人士提供永久居留權
- 申請人必須在新加坡度過至少一半的時間並投入大量資金
- 永久居留權允許參與國民服務和享受優惠的稅收條件
04:09 新加坡的商務簽證項目選擇性很強
- 每年只有少數人被接受
- 申請人必須承諾僱用新加坡公民或投入大量資金
05:25 考慮將馬來西亞和泰國作為新加坡的替代選擇，以獲得較低的生活成本和投資機會
- 馬來西亞提供相似的發展水平和英語熟練程度、較低的房地產價格和更經濟的投資居留許可計劃
- 泰國為數位遊民提供了多種簽證選擇，並為那些將資金存入銀行或股票的人提供了投資者計劃
06:52 考慮新加坡或韓國以獲得優惠的稅收和居住選擇
- 新加坡提供低稅收和優質的護照，但需要大量投資
- 韓國有自己的投資居留計劃，但更為複雜，沒有雙重國籍和語言要求
08:04 考慮獲得亞洲公民身份以獲得更好的機會
- 新加坡的公司不對海外賺取的錢進行稅收，但新加坡的企業有合理的稅率
- 在阿聯酋自由區開展業務可能會遇到更多的稅務問題，但它們提供了更多獲得居留許可和簽證的機會
09:14 考慮在其他國家生活和經營業務
- 泰國、韓國、迪拜、愛爾蘭和瑞士都是不錯的選擇
- 由於高度的承諾和選擇性，新加坡對許多人來說可能不適合
Great Job Knowledge is Power
Hey Nomad Capitalist, do you have Bell's Palsy? Your left eye is blinking a lot more than your right eye. You might want to get it examined.
What about Australia?
It's a good place if you're working here with a decent salary and one of the best things is you'll realise the money you earn allows you luxuries like leisurely travel to various countries without feeling a massive hole in your pocket.
When you're a normal middle class Singaporean working adult like me (not married yet), you'll see friends traveling to places like Bangkok or Bali multiple times a year without breaking the bank. Going to a place like Japan or South Korea once a year wouldn't hurt so much either, and this is me a local on a local Singaporean salary.
If expenses are a priority then it's not the best place.
If you can earn the same (expat level) amount wherever you go then a lower cost place like KL or even Vietnam would be great, you can really stretch your dollar. But do appreciate that if you have that privilege of mobility, locals in that particular 'lower cost' country don't earn nearly as much as you so with their local salary they have struggles an expat wouldn't have.
For eg if you're working in Thailand on an expat-level salary then good for you, everything is really 'cheap' and develop this idea that Thailand is the best place in the world, but in truth it applies to you because your income puts you in a higher income tier. But to the local Thai, their own country isn't considered 'cheap' to them, and travelling to other countries for a local Thai on a local salary does require a longer duration to save up, even longer if it's a 'higher cost' country like Japan or South Korea.
In Singapore we are more fortunate in that sense.
Here we have quite a number of Malaysians (from JB) working here and commuting back to JB regularly and for them they really get the best of both words, although the constant to and fro through immigration is a massive pain.
So, try things out and if you do get a posting to Singapore, enjoy it. Many expats when they come here they tend to stay, especially for Japanese or Korean ones as Singapore's working culture is nowhere near as toxic as how they get it back home.
Many Singaporeans have properties in Batam and Bintan, Indonesia, a neighbourhood country. I know some of them, they decide to retire in Batam, since it has lower cost of living. If they get bored in Batam, they just come to SG by 40 minutes boat with quite cheap rate, and fly to other countries.
This type of living is also common in Malaysia, since Malaysia lays just nearby SG.
Malaysia actively discourages Singaporeans from doing what you describe, you should check out their visa requirements for long term stay...
@@EnDianNeo do not know this Malaysia regulations. As I know, in Indonesia, foreigner is not allowed to own property unless it is puchased under company name. Some people I know have got married to Indonesians and purchased properties under their spouse.
@@upikabu1678 they purchase land under a surrogate
Read of some Singaporeans whose jobs let them work from home & they buy/rent a house in Malaysia to stay & work from (as its cheaper) but not sure if a Malaysian work visa is required
I moved to Georgia because of your advice which was correct, but Georgia is Now OFF LIMITS please advise the people about the change in the price in Georgia Thank you
Georgia is Now OFF LIMITS
How bad is the inflation rise (%) there?
@@pinetworkminer8377 so bad that an egg is considered a luxury item
exactly 100% example if you used to pay $500 for rent now you have to pay $1,000 - also the Dollar value come down but the price remain the same for food and other things
Can you have a permanent office in Singapore (with employees) but live in other country like japan and pay 10% taxes in japan with dividends of your Singaporean company? like is written in the tax treaty ?
Even though Singapore is off limits to most potential expats, is it still possible to open a bank account for the purposes of storing your wealth and to invest?
I live in singapore with PR for 13 years now….I can hold your money for you… totally safe. 😂
It's possible and depending on your amount of wealth you'll have various options. For the ultra-wealthy you can set up a family office
Nationals from 5 countries that do not need to pay ABSD in buying property in Singapore, and one of the countries is USA who is the Second Biggest Foreign Buyer after China.
They still pay ABSD, it's just at the same level as citizens (17%), which is considerably lower, but still not cheap. (edit) 2nd property, which is really what's it's for (edit) and wow, that's correct, first property for them is treated as 0% like citizens, that's news to me
And many of them are not even born Americans but PRCs with Green Card.
Time changging slowly.....take care
Not even citizenship, just permanent residency. With the new criteria it’s not worth it for most people.
It was never citizenship though.
Most Asian countries don’t easily hand out citizenship and don’t allow dual citizenship.
The Singapore TFR is 1.1 so at some point in the medium future they'll have to be less selective or become the next Eastern Europe or Italy with a shrinking, aging population.
Population here has grown from 3m to 6m in less than 20 years and projected to 7m by 2030. Just giving out free citizenship
Rubbish
Spot on. I lived in Singapore for 12yrs, got my permanent residency and my own flat. A decade ago, the government started making non citizen's lives harder. Basically saying you have to be super rich to stay there. Sold everything, got the hell out of there. Most of my foreign friends moved out already.
Where are you from ? Malaysia I guess
Libertarians will live in Islamist countries until they get extorted.
Yep. We have limited land for the world to fight for
@@noproblematallmate Malaysia passport with singapore PR is the best combination.. great one bro 😎
@Victor Valdez
Yeah another Jihadishithole
Singapore per population GDP makes up high percentage earned via service revenue compared to manufacturing sector. No hedge strategy but good for the wealthy person looking for safe heaven and safeplace to live and retire. For ordinary folks, it will be a challenging tasks.
Isn't there a "huge" island full of manufacturing?
SINGAPORE is the MONACO of SOUTHEAST ASIA!
Personal Opinion: $10million dollars investment to start a business is not a lot.
I’m a local here and my parents run a small construction business. Money is ALWAYS revolving and projects are constantly coming. If you run a business $10mil is literally a small sum.
Small medium enterprises here turn over is almost a million.
Singapore wants to attract quality investments to be able to afford the cost and salaries here.
Make Singapore the centre of your domicile and residency and move around in the ASEAN region for your dollar to stretch your purchasing power.
❤Why would PR foreigners mind National Service if Altruistic?😅 Its a great Honor to serve the country as a soldier. Is there no true love for singapore?
We have had lots of Caucasian PRs, but how many Caucasian boys have you seen in NS? Mostly here for the benefits, but not the burdens (ie defending our nation).
@@anchored555 at whose expense if PR ship does not get us Loyalty?
This youtuber thinks the world is his personal playground
Singapore is a awesome place to live. It just attracts a different crowd than other SEA nations around, just like you mentioned in your video...creme of the crop.
Hey I was thinking something what if some billionaire buys an island and renounces all citizenships?
Singapore is a gated community like those in California. You have to pay to live there.
I guess we are going to see even more people using NZ as a back door into Australia, but I really don't get why most of them go straight to the three most expensive cities. Sure, wages are higher but the cost of living quickly eats into whatever you earn. The entire region is facing serious challenges over the next 50 years, not least our aging populations.
What happened was wealthy mainland Chinese moved in as Singapore have the best educational institutions for their kids.
Dubai is next Singapore. Future is there and lot of MNCs already moved to Dubai from Singapore
The rulers of Singapore are interested in who they admit as citizens and if you guessed, it is a predominantly loyal and wealthy Chinese and Indian constituency they are cultivating. They ask applicants about everything and if they assess a person has the right criteria to succeed as a citizen, will be approved.
For that money you can get a 20 year Visa in Thailand and live like a prince. Also, your sons won't have to serve 2 years of army like in Singapore.
Singapore is a very and truly efficient place. Wealth is leaving Switzerland for Singapore and how to blame them! Singapore is professional, truly efficient. The opposite of what has become Switzerland today : full of of incompentence at any level.
Scams are all too attractive until it is too late.
SINGAPORE is a great place to STASH YOUR CASH or METAL but it's the fourth most expensive place in the world to living behind NYC-USA which is second place.
Switzerland is still my dream, even though it's under the claws of the United European Socialist Republic.
Ireland original vote was NO to european dictatorship; so why another vote ? Smart senior citizens knew the score all of those years ago . . .
Switzerland (great country and I don't mind paying my fair share in taxes) plus Grenada (as it provides easy access to China and some other economically important countries which you can't visit visa-free with a Swiss passport) and you're good to go!
Agree that EU countries are essentially a scam: Declining rip-offs.
@@sidesauce they gave up on banking secrecy and provided loans for the war in Ukraine. They are under the coercion spell now, hopefully they will get out.
@@GreenMachine0990 We are nearing a point where small states like Switzerland who are dependent on capital inflows, i.e. foreign assets to manage (they cannot life of watches, chocolate and cheese -> yeah also got pharma companies and co but it's not their main income source) are facing an alliance of declining Western countries and another alliance of culturally different but growing Eastern countries.
So they're forced to pick sides in this "new cold war".
I guess it'll be increasingly hard for smaller countries not to pick sides.
Singapore is the Switzerland of Asia, or Switzerland is the Singapore of Europe.
Y'all reading this please don't come to Malaysia just leave us alone our people need the jobs, the lands, the businesses, the roads etc etc.
Please stay in Singapore we don't care what other people think we just move at our own pace.
When people come in … they may take one job away from you but they may create 3 jobs. That is the idea.
Meanwhile some adcanced countries still have plenty of land and very few people (cough… Australia cough).
Due to the M.A.S controlling exchange rate.
They're going to charge as much as they can get away with because they're a small country with a limited amount of space that is getting more exposure and popularity
I won't recommend Malaysia becos the quality of staff. I work with those ppl....your business unless is manufacturing will not benefit much grow. Thailand maybe better?
Wow thats crazy
Its Costa Rica and Colombia for me.
And yes I am a millionaire in case you were wondering
Singapore is one of the best and most civilised places I have ever lived in. They can pick up the ones they take. Good for them.
For 99% of the planet, they are saying "keep out". Let's see how it works out when workers that have to commute in can no longer afford it.
Except when Singaporeans travel, civilization is thrown out the window, seen how many Singaporeans behaves in Johor and Malaysia?
If I am from Asia/ Africa and relatively wealthy if my income is not going to change if I move and If I have 10 M why would I consider GIP? I will spend 1.3 M and get USA EB5 or Australia / Canada
People are running away from the countries that you mentioned because of many reason, expensive education, medical care, more countries can't be bother with USD, crime rate, housing price bubble, their govt policies, double standard, etc... but, hey, no one doing you, go ahead
I don't hear much about South Korea. The weather is certainly better.
In countries like S Korea or Japan, English is not widely spoken. So unless you are prepared to learn the language when you move there, communication could be challenging.
@@anchored555 A good point. I enjoy learning languages personally but not everyone does.
@@MarkRose1337 Cultural differences are a huge barrier when it comes to living in South Korea and Japan.
im going to retire in jeju island. my all time favourite destination to relax. When i need to shop. take a cheap flight to seoul or busan. Its the best plan. keep going to south east asia, dont really care about the weather there.
The best thing you can do is to invest in Singapore and live in Johor Bahru,Malaysia.Malaysia is the best!
Why Johor when it’s faster to fly from KL to Singapore including immigration and security than to cross woodland checkpoint once
@@mxlonfn It takes at least 45mins to drive from KL Sentral (for example) to KLIA. Plus having to arrive 1.5-2hrs before departure for check-in, and clear immigration. Flight takes 45mins and although clearing immigration at Changi is relatively fast, when you add the total time, i'm not sure it is any faster to fly from KL vs crossing from JB.
@@jsurfin1 true but considering the woodlands checkpoint can go from 5-7 hours at times it might be better
@@mxlonfn Like you said, 5-7hrs “at times” crossing the causeway but the total time it takes to travel by air is pretty much constant every time.
@@jsurfin1 yes it’s constant 2-3 trip but any trip from jb to Singapore is around 4 hours nowadays
Before Covid, everywhere is nice to stay. After Covid, I’m staying in Singapore and of course I will still visit other countries as a tourist, just that when shit hits the fan… I’m coming back!!!
Is it a coincidence that GIP stand for gip?
Live in Singapore play in Malaysia 😅😂
A difficult question.
I understand that Singapore, as well as Thailand, South Korea and the Philippines and Malaysia all have pro-US governments installed, in spite of slightly larger trade with China compared to USA.
There is a coming war with China by the USA, ( for whatever strategic, economic or even Good old Munroe doctrine US imperialism reasons, it’s not pertinent here to essence of question).
Is it safe to say, given these two unassailable facts, that the decision to retire to Malaysia, or indeed Singapore in next few years, given that these countries my become pawns like Ukraine in a bigger geo-strategic conflict in region, could result in a disastrous decision by retiree?
Ahhh, pls don't choose Malaysia, we like to keep our harmony, and no we are not pro-USA... It has long change since with the new govt
first, from KL lol
Singapore? They should rename it to SingaRICH !
😂😂😂😂😂😂
mm, singapore is not '' RICH ', 80% singaporeans live in public housing HDB, eat in hot sweaty crowded noisy hawker centres, ride squeezed in bus/MRT
Owh😂
True.
The beggars can't be choosers .
And 🇸🇬 is not one of the beggars.
🇲🇾 has always been included & rated in many international rankings.
Too bad it is always rated under ( not under rated ) .
No investor will be stupid enough to dump all that money without surveying current demand patterns and trends. Retail is dead in Singapore! Only thing thriving is F&B diners. But who knows how long that will last? Maybe wait a little longer for more nations to join BRICS and then the USD severe devaluation will make your investment outlay next to nothing 😂
Interesting times! Having a financial analyst for investing is brilliant! In a nutshell, I've amassed approximately 6 figures with the assistance of my analyst Joseph Sullivan Anderson from an initial 4 figure investment thus far. Prior to consulting with an analyst, I was having an investing nightmare during the recession.
Always ask, "Which policy decisions will produce the greatest power and wealth for the decision makers and their cronies?"
*The goal of all governments and all banking systems is to privatize profits and socialize losses. Always has been, always will be.*
*"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." -- William Blum*
Ok, how should I pay, cash or bitcoin 😂