2021

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Golden visa boom 2021

In some circles 2020 became the year of the second passport. St. Kitts and Nevis slashed the cost of its golden visa by $45,000 and Russia, a latecomer to the golden visa world, reportedly will soon open to investors looking for a second home. Applicants must prove they are genuine: A language test may be … Continue reading Golden visa boom 2021

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BUDGET 2021

Jobs Support The job support scheme (JSS) was first introduced to Singapore in February 2020 to provide wage support for employers to retain their employees. Under the JSS, the Government co-funds the employee’s wages (for up to $4,600), and this was to last until March 2021. Deputy Prime Minister Heng Swee Keat announced that the … Continue reading BUDGET 2021

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Singapore’s courtship of billionaires paying off

Google co-founder Sergey Brin will be setting up a family office in Singapore, joining a sizeable pool of billionaires that have done the same. Singapore is now home to more than 200 family offices and around US$20 billion assets under management. It is no coincidence that many wealthy individuals have chosen to manage their assets … Continue reading Singapore’s courtship of billionaires paying off

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Singapore brand mark will distinguish local products

A Singapore brand mark was introduced in November last year. Then brand mark’s aim is to provide assurance to overseas buyers of quality and will help command premium pricing. The introduction started with food and beverage (F&B) products, beauty and wellness, fashion and accessories, as well as homeware and décor. The focus on quality will … Continue reading Singapore brand mark will distinguish local products

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The Regional Comprehensive Economic Partnership (RCEP)’s impact on Singapore

The world’s largest trade pact, the Regional Comprehensive Economic Partnership (RCEP), was penned on 15 November 2020. It involves all ten ASEAN members (Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Brunei, Cambodia, Myanmar, Laos), China, Japan, South Korea, Australia and New Zealand. The trade pact brings about many benefits for Singapore and businesses that are established … Continue reading The Regional Comprehensive Economic Partnership (RCEP)’s impact on Singapore