Immigrating to Singapore? Pick an Immigration Path That Suits You

In recent years, apart from traditionally popular locations such as the United States, Canada and Australia, Singapore has also become a hotspot for immigrants. With its prime geographical location, stable political environment, top-notch infrastructure, diverse social culture, pro-business regulatory framework, abundance of medical and educational resources, low crime rate and extensive tax incentives, everything makes this garden city―located near the equator with an average temperature of 20-35°C all year round―an attractive relocation destination.

As the number of applicants for immigration to Singapore increases, the minimum requirements for successful applications have also increased in value by the Singapore government. The minimum threshold for family offices’ tax incentive applications rose from the initial, unwritten but customary S$5 million to a whopping S$20 million almost overnight as of 18 April this year. But does that mean that there is no hope for immigration? No. Let us explore some common immigration routes to Singapore.

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Virtual Power Purchase Agreements in Singapore

Rising pressure to move towards net-zero carbon emissions has resulted in an increasing number of large corporations entering into physical power purchase agreements (PPA) and/or virtual power purchase agreements (VPPA) for renewable energy.

In resource-scarce Singapore, solar energy remains the main source of locally generated renewable energy. Recently, Singapore unveiled one of the world’s largest floating solar panel farms, but due to Singapore’s land constraints, the majority of the solar photovoltaic systems are deployed on building rooftops. Under a PPA arrangement, a corporation with rooftop space enters into a long-term offtake agreement to purchase power from a solar generator at a pre-agreed price based on a specific delivery schedule. This arrangement is commonly referred to as “solar leasing” in Singapore since the project developer will typically lease the rooftop from the corporation to install solar panels.

However, PPAs are often not feasible when dealing with constraints like limited rooftop space or where energy demands are in excess of rooftop energy generation. In such situations, we have seen more corporations turn to VPPAs to meet their sustainability goals.

We set out below a brief overview on VPPAs, including some of the key issues that, in our experience, parties to a contract often encounter.

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选择适合您的新加坡移民路径

近年来,除了美国、加拿大、澳大利亚这些传统移民热门国家外,新加坡也成为了移民的热点目的地。良好的地理位置、稳定的政治环境、完善的基础建设、多元化的社会文化、优越的营商环境、丰富的医疗和教育资源、低犯罪率的社会治安以及各种税收激励机制等等的便利条件让这个位于赤道附近、常年平均气温处于20-35°C的花园城市,慢慢地成为人们心目中的移民“圣地”。

随着申请移民新加坡的人数不断增加,新加坡政府对于移民的门槛也随之提高,家族办公室的最低门槛更是从原来不成文的500万新币于今年4月18日一夜之间提升到了2,000万新币。那是不是就移民无望了呢?不!我们将为您盘点几种常见的新加坡移民途径。

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Duane Morris & Selvam Advises on India’s Biggest IPO Ever

SINGAPORE, 24 May 2022 – Duane Morris & Selvam LLP acted as international legal counsel to the President of India and Life Insurance Corporation of India (LIC) on the recent sale of 3.5% of the outstanding shares in LIC by the president of India for approximately US$2.7 billion in an initial public offering in India and concurrent private placements outside India, including a Rule 144A offering in the United States. LIC’s IPO is the biggest in Indian history. The scale of the IPO was immense, with over 7 million applications received from retail investors in India alone. On its listing, LIC was the fifth largest entity in India in terms of market capitalization.

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Rise of Renewable Energy Certificates (RECs) in Singapore

During the recent Budget announcement in February this year, Minister of Finance Lawrence Wong stated that Singapore will aim to achieve net-zero carbon emissions by or around 2050, in line with our commitment to address the challenges of climate change.

Presently, the bulk of Singapore’s energy supply comes from natural gas, and the power sector accounts for about 40 percent of the country’s total emissions. This paired with growing environmental awareness in Singapore have started putting pressure on organisations to meet clean energy goals as investors and customers become more vocal about the importance of using green energy. This growing pressure from stakeholders has led to a rise in the use of Renewable Energy Certificates (RECs) by businesses, as a means of fulfilling their sustainability commitments and reducing their carbon footprint.

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区块链技术和NFT在新加坡的发展和规范

自2008年第一个数字货币比特币诞生以来,区块链技术在各个领域的应用都有了长足的发展。新加坡作为亚洲金融中心之一,也吸引了众多软件技术人员和投资者从事区块链技术相关的金融行业,包括NFT (非同质化代币)。NFT 市场既可以是Axie Infinity这种可以赚取数字资产的游戏平台,也可以是NBA TopShot 这种收藏品交易平台,还可以是Decentraland 和Earth 2这种可以进行数字财产买卖的元宇宙平台。

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An Overview on Development and Regulations of Blockchain Technology and NFTs in Singapore

Since the birth of the first digital currency, Bitcoin, in 2008, blockchain technology has developed significantly in various fields. As one of the financial hubs of Asia, Singapore has also attracted a wide range of software professionals and investors in the financial services industry involving blockchain technologies and nonfungible tokens (NFT). NFT marketplaces can be either gaming platforms for earning digital assets like Axie Infinity, collectibles trading platforms like NBA TopShot or metaverse platforms like Decentraland and Earth 2 where virtual properties can be bought and sold.

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新加坡私募和风投行业系列 – 简介篇

近年来,新加坡已迅速成长为全球资产管理行业(资管行业)的中心,众多投资者和资管经理汇集于此。2020 年,新加坡的资产管理总额 (AUM) 增长了 17%,达 4.7 万亿新元,高于 2019 年的 4万亿新元1。 这种强劲的增长是由大量流入的传统和另类投资资金所驱动的,包括私募股权 (私募) 和风险投资 (风投)。 那一年,私募和风投的资产管理总额分别增长了 54% 和 49%,达到 3,750 亿新元和 160 亿新元。 我们认为,新加坡资产管理规模将在未来几年将持续保持增长势头。

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Singapore PE and VC Landscape Series – A Brief Introduction

Singapore’s asset management industry has fast become a global hub for investors and managers and is central to the country’s financial services industry. In 2020, total assets under management (AUM) in Singapore grew 17 percent to reach S$4.7 trillion, up from S$4.0 trillion in 2019[1]. This robust growth was driven by strong inflows into both traditional and alternative investment strategies, including the private equity (PE) and venture capital (VC) asset classes. PE and VC AUM grew by 54 percent and 49 percent to S$375 billion and S$16 billion, respectively, in that year. In our view, the size of the industry in Singapore will continue to grow in the coming years.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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