Amongst my daily grind of trying to figure out ways of minimising tax, I found out that this most wonderful country in the world has an incredibly low rate of tax for both individuals and companies - and moreover has no capital gains tax whatsoever!
Upon learning of such a paradise, I realised that I must move there at the earliest possible opportunity.
Thus I am wondering whether anyone here lived in Singapore and can share some information, and perhaps some websites/forums I can go to to get help about relocating there.
Are they mostly Mandarin or English speaking? What about the companies which provide most of the jobs - do you need to know Mandarin?
Is it easy to get residency there? Is there any reason why everyone doesn't move there?
Also I am curious about what happens in terms of trading shares in other markets tax-wise. If I continue using my Australian broker for shares/ML, while living in Singapore, do I have to pay any tax to Australia? If so, how do I get around this?
Would Australian citizenship be a problem here? If so, would it be easier to trade other shares (say US, Euro) instead with no tax liabilities?
And what about CFDs and Futures?