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Why World Tycoons Prefer to Invest in Singapore

Singapore is among the few countries in the world that is most sought by investors, preferably top world tycoons. The country is regarded as the safe haven for investment due to numerous favorable policies for people to do business. The country boasts of having relatively low corporate tax, several tax holidays and high personal tax bracket.
The country that is located in Asia doesn’t levy taxes on capital gains. According to World Bank finding, it is position two in Asia. The country has in the recent past attracted a number of super-rich business moguls to open private offices there. Singapore is among the best countries in the world to do business.
Google co-founder Sergey Brin becomes the latest world tycoon to set up a family company in Singapore. Dyson Weybourne opened a firm there in 2019 while Hedge fund boss Ray Dalio who is worth $17 billion proclaimed on November 2020 that he was about to open a family office in Singapore. Facebook co-founder Eduardo Saverin migrated to Singapore in 2009, where he currently lives and work.
In 2020, Dyson announced that he would spend about $3.7 billion on new technologies in Singapore, UK and Philippines. The new investment would be a major boost to scientists and engineers working in the fields of machine learning, software and robotics.
BBC reports indicate that, as per the government records, there are about 200 single-family companies in Singapore that manages assets of about $20 billion.
Photo: Singapore wetland

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