新加坡家办门槛提高——深度解析金管局新政的底层逻辑

这几天,全网都在疯传下面这张图。不可否认最近移民突然成了热门话题!

4月11日,我们收到了新加坡金管局一封邮件,内容是关于新加坡家办13O/U计划的门槛大幅提高。大概就是图中戴教授所指的消息了。但是戴教授的表述不太严谨,新加坡家办免税计划并不是投资移民,实际上新加坡的投资移民难度远高于此。

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一些常见错误的避免 – 当拥有新加坡子公司的中国企业寻求IPO时。

2020年当中,全球有1415次首次公开募股(”IPO“),为相关公司筹集了3313亿美元的资金 。这在年同比交易量和筹集的收益方面,显示了大幅增长。相较2019年全球也只有1040宗IPO,总共筹集了1992亿美元的资金。考虑到新冠疫情使世界各地的IPO活动在2020年4月和5月急剧放缓,2020年的数据就显得更加突出了。

当下的亚太地区(APAC)是个非常值得关注的地区。2020年全球范围启动的IPO数量中,多过一半(约占全球IPO总数的52% )是在亚太地区的交易所进行的。尤其是亚太地区的主要热点中国(不包括台湾和香港), 仅中国单单就进行了365宗IPO,总共筹集了640亿美金。上海证券交易所(”上交所“)和深圳证券交易所(”深交所“)在2020年分别有234和161宗IPO 。这表示中国的上市量比2019年的202宗IPO大幅增加了81%。2021年前三个月的IPO增长看似完全没有消减的迹象,多达143家中国公司完成IPO,总共筹集高达236亿美元资金 。2021年9月3日,北京证券交易所(“北交所”)成立,旨在服务创新型中小企业。根据其2021年市场统计数据,2021年共有82家公司上市,融资金额为75.22亿人民币(约合11.81亿美金) 。

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MAS amends Sections 13O & 13U Application Guidelines for Family Offices in Singapore

MAS Amends Sections 13O and 13U Application Guidelines for Family Offices in Singapore

The Monetary Authority of Singapore (MAS) has amended its requirements for family offices[1] applying for tax incentive schemes pursuant to Sections 13O and 13U of the Income Tax Act 1947 (the Act). The following amended policies apply to all first preliminary submissions received by MAS on or after 18 April 2022 for these schemes, and MAS may require applications that have received no communication from MAS for a span of at least six months to be resubmitted under the amended guidelines. The following applications are not subject to the amended policies:

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Pitfalls to Avoid When Chinese Companies with Singapore Subsidiaries Seek an IPO

In 2020, there were 1,415 initial public offerings (IPOs) globally, which raised a total of USD $331.3 billion in proceeds for the companies involved. This represented a significant increase year-on-year in terms of both volume of transactions and proceeds raised. In contrast, there were only 1,040 IPOs globally in 2019, which raised a combined capital of USD $199.2 billion. The 2020 figures are even more remarkable considering that the COVID-19 pandemic had slowed IPO activity around the world dramatically in April and May 2020.

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Singapore Implements Sanctions Against Russia

Ever since Russia’s act of aggression against Ukraine that began on 24 February 2022, the United States and several of its key allies have successively imposed significant sanctions against Russia. These sanctions range from prohibitions on trade and investment in certain regions of Ukraine and the designation of specific  nationals that cannot interact with the market and financial system of United States, to imposing new sovereign debt restrictions and even cutting Russia further off from the global economy by removing them from the Society for Worldwide Interbank Financial Telecommunication (aka SWIFT) messaging system and disconnecting them from the international financial system, making them no longer able to operate globally. On 8 March 2022, the Biden administration also announced that the United States would be banning the import of Russian oil.

Singapore has joined these efforts, with Minister for Foreign Affairs Dr. Vivian Balakrishnan issuing a Ministerial Statement in Parliament on 28 February 2022, stating that Singapore intends to impose its own sanctions against Russia. On 5 March 2022, the Ministry of Foreign Affairs (MFA) issued a press statement with two factsheets that set out the details of the economic sanctions and restrictions.

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The Metaverse and Its IP Implications – It is still a “Wild, Wild West” out there

The topic of the Metaverse has generated a great deal of enthusiasm and debate in recent months. For example, Facebook changed its name to “Meta” with lots of fanfare. In another headline, Nike purchased an NFT (non-fungible token) designer company, RTFKT Studios, and appeared ready to use virtual athletic shoe NFTs to generate exposure, as well as to begin selling virtual shoes. Also, a personal injury law firm in New Jersey decided to open an office in Decentraland, claiming to be the first-ever personal injury law firm in the Metaverse.

Even more recently, as of the week of 2 February 2022, a major law firm is opening a virtual office in the Metaverse in the fashion and retail district of browser-based 3D platform Decentraland.[1][2] It is the first major law firm to open in the Metaverse.

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在缅甸债务的回收

新冠疫情在全球引发了严重的经济冲击,尤其对于缅甸这种高度依赖劳动力密集型产业的国家。最近政府的更迭更加重了人们对缅甸政局的担忧。最近出现的一些情况让我们看到外国投资者和供货方所面临的债务难以回收的困境。本文列出了债权人针对向缅甸公司追讨债务可以采取的一些法律行动,希望能起到抛砖引玉的效果。

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Debt Collection in Myanmar

The COVID-19 pandemic triggered severe economic shock, particularly in countries like Myanmar that rely heavily on labour-intensive industries. The recent change in the government has added further concerns to the political state of Myanmar. With this recent set of events, we have seen foreign investors and suppliers face difficulty in recovering debts in Myanmar. This Alert sets out actions that may be considered by creditors towards recovering debts from a Myanmar company.

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A Litigation Vehicle for More Than 1,000 Plaintiffs: The Implications of POA Recovery Pte Ltd v Yau Kwok Seng on Representative Actions and the Doctrine of Maintenance in Singapore

How do 1,102 investors, who claim they have been duped into investing in a Ponzi scheme, bring an action in the Singapore courts? To many, the first thing to do would be to launch a class-action lawsuit against the respondents.

In Singapore, such “class-action” lawsuits operate differently from those in U.S. litigation. Traditionally, a group of litigants in Singapore with a common interest would have to band together to commence what is known as a “representative action,” pursuant to Order 15, Rule 12 of the Rules of Court (Cap 322, 2014 Rev Ed). The alternative would be for the litigants to each commence separate proceedings and later consolidate them into one single action.

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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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