Cheap way to move residency to Hong kong or Singapore

luisHK said:
Last I checked about investment visas you were right, HK closed its capital Entrant scheme 3 or 4 years ago, Singapore even longer.
You didn't select the easiest places to look for (tax) residency, nor cheap location to live.
Easiest way to become resident in HK used to be to set up a company there and hire oneself as a director, I'm not reading much about this anymore on HK forums, quite possibly requirements have become more difficult. Read quickly about similar set ups in Singapore but that was years back, was mostly interested in Investment type visa when looking seriously in S'pore and the easiest schemes weren't valid anymore.
There are easier countries in Asia to get residency (Malaysia, Philippines to begin with), there's quite a bit of information on this forum. Worth of note is some countries won't give you a tax identification number if you don't work and pay taxes there there, although you will be able to claim tax residency there on your international paperwork, and that might become a problem with some overseas banks in those times of CRS (speaking from experience)
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Thanks Luis. I guess the only way left to me is to get a job...
 
schweiz said:
Most people get a job because they need the money... :D
You have a luxury problem...
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luxury problem? not at all.. i am just comfortable.. :)

i worked many years before... thing is I need to get a non-finance job as otherwise i cannot be free to trade either... this could be difficult as my entire career was in finance..
 
JKG77 said:
luxury problem? not at all.. i am just comfortable.. :)

i worked many years before... thing is I need to get a non-finance job as otherwise i cannot be free to trade either... this could be difficult as my entire career was in finance..
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I worked in treasury management, so finance too. Before trading full time I made the switch by working parttime. So I was always home before the opening of the market in Chicago.
 
JKG77 said:
Thanks Luis. I guess the only way left to me is to get a job...
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Yes, not necessarily the coolest way if you don't want to work for someone. Do you have kids ?
If not it is doable to couple Dealmaker's advice with a tax residency in a low tax country. Get residency in Dubai or Malaysia than spend much time in Spore or HK, for Spore Malaysia looks more convenient. You might get into troubles if you spend too much time in high tax countries as their tax authorities can give you hard time, but it is unlikely in HK, where it was definetely possible to enter repeatedly on a 3 months visa exemption after a day trip until a few years back, not so sure about the situation now.
With kids you usually need to seek residency and live where they go to school, so it gets more complicated.
If you are serious about HK you may contact an immigration lawyer there, even when the capital entrant scheme was only around 1 mil USD people found it more convenient (cheaper ?) to go via the corporation set up than move to HK as director of that company. Same advice would apply for Spore, life is much nicer than in HK ime and banks are apparently easier to deal with for new companies.
 
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Johor Bahru (JB) Malaysia is basically an extension of Singapore now.

Safe, much cheaper housing, vehicle no problem, same good food 'la'.
 
luisHK said:
Yes, not necessarily the coolest way if you don't want to work for someone. Do you have kids ?
If not it is doable to couple Dealmaker's advice with a tax residency in a low tax country. Get residency in Dubai or Malaysia than spend much time in Spore or HK, for Spore Malaysia looks more convenient. You might get into troubles if you spend too much time in high tax countries as their tax authorities can give you hard time, but it is unlikely in HK, where it was definetely possible to enter repeatedly on a 3 months visa exemption after a day trip until a few years back, not so sure about the situation now.
With kids you usually need to seek residency and live where they go to school, so it gets more complicated.
If you are serious about HK you may contact an immigration lawyer there, even when the capital entrant scheme was only around 1 mil USD people found it more convenient (cheaper ?) to go via the corporation set up than move to HK as director of that company. Same advice would apply for Spore, life is much nicer than in HK ime and banks are apparently easier to deal with for new companies.
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I do have kids, so school is important. :( That's why I prefer HK/Singapore to the other Asian countries. Yes I should do more research and talk to some immigration lawyer.

I think the corporation set-up approach needs to be some real business and also need to operate for a few years. Maybe also need to hire some locals. Not easy.. :(
 
They said:
Johor Bahru (JB) Malaysia is basically an extension of Singapore now.

Safe, much cheaper housing, vehicle no problem, same good food 'la'.
More...

There is so called "Malaysia My Second Home program", but I heard the program was recently closed...
 
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