The saying "If the mountain doesn't move, the person will" might not work in Singapore. Recently, many friends have been planning to do business in Singapore and have asked me what they should be aware of. After some thought, I think it's this: don't mistake "flexibility" for "common sense." One of the Chinese business wisdoms is "where there's a policy, there's a countermeasure," but this isn't the case in Singapore. Your roundabout approach, while seemingly achieving your goal, is actually a major mistake. For example, regarding land purchases, the Singaporean government stipulates that private land cannot be sold to non-citizens. Clever people might think of "nominee ownership," but did you know that this is illegal? For instance, Singapore's public housing is one unit per family, but single individuals who meet certain age requirements can also own one unit. If Singapore were to replicate the previous housing purchase restrictions in mainland China, you would see a surge in divorces. But Singapore is different. Common sense is not common sense.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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