Chinese private enterprises "newly rich" all want to emigrate abroad in order to obtain tax benefits, asset protection, but at the same time face stricter business regulations. Experts believe that how to avoid these private enterprises producing products in China, selling in China, making profits in China, but contributing their profits' taxes to foreign countries. Just like the "newly rich" of Hotpot, Liu Chang, the heir of New Hope Group, etc., these people's companies are inseparable from the Chinese market, but they contribute the profits made in China to Singapore.
Singapore's official media, the "Lianhe Zaobao", interviewed Liu Chang, the heir of the Singapore-based company New Hope, on the weekend edition, and she proudly praised Singapore.
Liu Chang's immigration to Singapore is mainly related to the family enterprise inheritance planning and personal development needs, the specific reasons include commercial layout, tax optimization (tax avoidance), and safety (asset protection) considerations, etc.
Liu Chang, daughter of Liu Yonghao, chairman of New Hope Group, obtained Singaporean nationality in 2012, and gradually participated in the family business affairs. When New Hope Services was listed in 2021, Liu Yonghao granted Liu Chang more than 30% voting rights through equity arrangements, showing her core position as an heir.
Singapore is known for its low tax rate (corporate income tax 17%, no capital gains tax), free trade policies, and convenient international capital flows, which are beneficial for transnational business layouts. The Liu Yonghao family had already obtained permanent residency in Singapore in the early years, their son received education in Singapore, and his wife once accompanied him for study, indicating long-term planning.
Liu Chang's immigration may include considerations for the security of personal and family assets.
Original: www.toutiao.com/article/1848936408830988/
Statement: This article represents the views of the author.