Shenhao started as a military training anchor

Singapore has become the favorite country of immigration among wealthy Chinese people in recent years.

After the Singapore government launched the strategy of building a "global financial center", the establishment of financial legal systems and the free flow of capital environment were favored by the wealthy.

There is another very important reason: Singapore is a haven for legal tax avoidance.

In the world, the tax system of 99% of countries is based on the principle of "belonging to the person and the land". To put it simply, you have to pay taxes twice.

Once to the country and region where you engage in economic activities, and once to the region where you are a citizen.

And the taxes are not low.

There are a very few regions and countries that follow the "territorial principle", such as the Cayman Islands, Singapore, etc.

If your company is registered here, as long as it does not engage in production or business activities here, it does not need to pay local taxes.

Therefore, many companies will choose to register in these places and only need to pay tax once.

The definition of taxpayers in my country is also somewhat different from that in other countries. It does not refer to Chinese citizens, but people who live in China for more than 183 days per year. They are taxpayers. They are required to pay taxes when engaging in production and business activities in China.

That's why many wealthy people immigrate to Singapore, but the main industry is in China. They fly back when they have something to do.

The time it takes to fly from Singapore to the Greater Bay Area is the same as the time it takes to fly from Beijing to Guangzhou and Shenzhen, which is very convenient.

Moreover, Singapore is a veritable Chinese community. More than 70% of the Chinese have settled here. The cultural differences are small. Sometimes people on the Internet ridicule Singapore as a province of my country, which is not unreasonable.

This country's financial industry is particularly developed. In recent years, it has the potential to catch up with my country's port cities and become a center for capital distribution.

The place is small and it is difficult to develop other industries. Therefore, the Singapore government relies on its unique geographical location to vigorously develop freight, tourism, and financial industries... to attract all money to Singapore.

Funds can come in and go out very freely, and there are few control constraints. Therefore, investors such as Zhang Lei and Shen Nanpeng, and entrepreneurs such as Zhang Yiming and Jack Ma who are vigorously developing overseas businesses, will come to Singapore to establish family offices.

Lin Zhaojie, CEO of Singapore's sovereign fund, extended a warm invitation to Hawley and invited him to settle in Singapore.

A smile appeared on Holly's face. He did have the idea of ​​​​opening an office in Singapore, but the purpose was not to avoid taxes. He had already earned enough. It was also a good thing to pay more taxes and let the country coordinate the development of various regions and industries. Good thing.

He is interested in Grab, the largest Internet company in Southeast Asia, and also the online ride-hailing and food delivery giant in Southeast Asia.

When this company first went public in the United States, its market value was US$500 billion. Now it is only worth US$127 billion, with a market value of more than billion yuan.

Although its market value is gradually decreasing, it is still a giant in Southeast Asia in terms of market share in online ride-hailing and food delivery businesses.

In order to expand its financial services and payment business, Grab launched an H round of strategic financing. Holly wanted to seize this opportunity and try to acquire Grab.

First, as an investor, negotiate with the founders, help Grab complete the H round of financing, hold shares in Grab, and then increase its holdings of Grab shares from the stock market. After reaching a certain proportion, let Grab's angel investor Temasek pull the strings and initiate an investment in Grab. acquisition.

In Grab’s ownership structure, we can see the shadow of many familiar people, such as Hillhouse Capital and CDH Capital.

The founders of these investment companies have good relationships with Hawley.

In addition, Yisu's acquisition of Grab is a one plus one > two business, and they will not miss this opportunity.

Even other major shareholders such as Uber and Toyota Group cannot stop this acquisition.

What Holly wants is a controlling acquisition, not a wholly-owned acquisition, so there is no need to buy out the company.

Yisu's operations in Thailand have been smooth sailing, but operations in Indonesia, Malaysia and other countries have been difficult. It is precisely because Grab's market penetration rate is too high, coupled with some government policy protections, that Yisu's trip to Southeast Asia has become even more difficult. .

So tactics need to be changed.

Directly aiming to acquire Grab.

Grab is headquartered in Singapore.

Holly did not hesitate and replied directly to Lin Zhaojie, "Mr. Lin, Singapore's financial environment is indeed very attractive to me, but my family and children are all in China, and I also like the domestic business environment. I will not consider settling in Singapore for the time being."

It was a polite refusal. He is not interested in immigrating to Singapore.

He will not come to Singapore to live long-term to avoid taxes. At home, he can do more things and create greater social value as an entrepreneur.

Lin Zhaojie smiled and nodded, still a little disappointed.

Holly continued: "But according to my investment plan, I will create my own office in Singapore this year to facilitate the flow of funds in my overseas industries."

Lin Zhaojie's face showed joy again, and he added tea to Holly, "Mr. Huo, you are very welcome."

The Singapore Sovereign Fund is a state-owned enterprise controlled by the Singapore government. As CEO, he extended an invitation to Hawley, which actually represented the government's attitude.

The main purpose of attracting wealthy people to Singapore is to gather money in Singapore and further strengthen Singapore's status as a global financial center.

Although Hawley refused to immigrate and settle, he could still get Singapore PR (Permanent Residency) if he came here to invest and establish an office.

You only need to invest more than 250 million Singapore dollars here, which is 1500 million yuan in assets, and hire more than 3 local employees in Singapore, to get Singapore PR.

After you have PR status, if you want to become a Singaporean citizen, you only need to apply to the government, and it is easy to pass.

Having PR status is enough to ensure that Holly can come and go freely in Singapore in the future.

Holly picked up the tea cup and exchanged greetings with Lin Zhaojie, "Thank you Mr. Lin for your warm invitation and the Singapore government for its sincerity."

After drinking tea, Lin Zhaojie stood up and said goodbye, "Mr. Huo, we will see you at the investment forum tomorrow."

Holly smiled and nodded, sending Lin Zhaojie out.

After he got in the car and left, Holly returned to the hotel's executive suite.

"Why are you socializing so late today?" Zhong Yiwen asked with concern.

"After dinner, I sat and drank tea for a while with Lin Zhaojie, the CEO of Singapore's sovereign fund. He extended an immigration invitation to me on behalf of the Singapore government." said Holly.

"migrant?"

Zhong Yiwen was slightly startled when she heard this word, "What do you think, sir?"

Holly sat on the sofa, leaned back, spread his hands and said with a smile, "I have a hometown feeling and don't want to leave my hometown, so I refused.

In addition, as a high-profile Chinese entrepreneur, I will not leave the land I love deeply during this important period of national rejuvenation for personal gain.

Although the journey is long and difficult, I still want to see a new, strong and prosperous motherland.

Is it a big pattern? "

Zhong Yiwen smiled, stood up and brought him a glass of hot milk.

Holly asked: "Sister Wen, I will go to the government to attend the investment forum tomorrow morning. You talk to the property company of Singapore Commercial Real Estate and choose an office building in the central business district. Come and take a look when I am done."

Zhong Yiwen: "Want to buy another office building?"

She also knows some about the real estate market in Singapore, which is much more expensive than in China.

Holly said: “Instead of selling one building this time, just buying one floor is enough. If you want to get Singapore’s permanent resident status, this is the easiest way.

It will be convenient for me to come and go freely in the future. "

Zhong Yiwen understood what Holly meant and nodded, "I'll do it for you tomorrow."

(End of this chapter)