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Re: Question: Transparency of Activity(ies) on Appointment of Local (Nominee) Director

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Hello All,

My first post here so pardon for any discrepancy/breach/err regarding my query.

Context
I used to run a pte ltd business (back in 2017) which has been strucked off. My ex-partner from previous digital marketing venture, whom is a foreigner facing limited cashflow, requested me to act as a local (nominee) director for a new incorporation doing grocery/minimart provision by FY 2024. And, I'm about to incorporate my own company doing currency futures.

Question
When I humbly requested for transparency on company's activity, inline with Company Act, she's unwilling to reveal the complete modus operandi - citing her shareholder(s) might not approve due to trademark/trade-secret infringement especially on product line and manufacturing concern.

Her sincerity to establish an incorporation with a business plan (including hiring locals with the potential to expand into a chain) is appealing. So, my .....

Posted in Business in Singapore

Re: Europe retirement visas

There is a difference in the type of jobs available (and the depth of the labour markets). In the semi-mature corporate world, I would say what you are looking at matters. However, Silcon Valley (Wall Street as well) is quite different from that. If I worked at Google for one to two decades starting the early-2000s, do I care what the fresh out of college salary to cost of living looks like (or even what the statistic looks like for a mid-career person)?

You can also look at how regions have grown GDP. Is it by population growth with flat/lower growth in GDP per capital or via productivity.

Not saying one is better than the other (decades later, many in the low(er) cost regions will be better off financially), as it depends on what one wants to do, but they are very different. One also needs to watch how places evolve (continued corporate re-locations, etc); the traditional hubs aren't immune from bad policies. Nevertheless, as of now they still have many advantages (as it .....

Posted in General Discussions

Re: Europe retirement visas

I would say big cities between the coasts in the U.S. can be quite compelling. Even before I left for Singapore 28 years ago, Dallas and Houston had the highest ratio of salary versus cost of living, with Atlanta the next runner up. Surprisingly, that has remained consistent over the decades. My employer recently set up more offices and factories in Texas and I was just reading how Samsung is going to invest tens of billions there after getting billions in Biden bucks. Texas sure seems to be going places.

Posted in General Discussions

Re: Europe retirement visas

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This makes me wonder, where is the best place for my kids to earn good money without high tax or high cost of living… especially when they are first starting out? Taxes are usually not as big of a factor for fresh grads earning starting salaries.

A fresh grad in the U.S. at my employer is getting around $70k right now, and depending on contributions to tax advantaged accounts, taxes can be quite reasonable, even in a high tax state.

A fresh grad in Singapore at my employer is getting around S$5k right now, which is >30% less than their U.S. counterparts at the moment. Tax savings isn’t going to help, and cost of living is only manageable if you tick the right boxes and accept a modest lifestyle.
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I look at it differently vs. what you describe in the first paragraph. While starting salary (vs costs) is not irrelevant, I care more about the opportunity set and what things could look like 5-10 years .....

Posted in General Discussions

Re: Bondi Junction stabbing

It is sad to hear the incident, can imagine the nightmare the mall shoppers are going through. My prayers go to the innocent victims 🙏

There are many unsound minds roaming the streets all over the world even in a safe country. Life is just too stressful.

Posted in Latest News & Current Affairs