April has seen some very good news for expats living in Asia. Singapore and Hong Kong have both agreed to comply with standards set by the OECD (the Organisation for Economic Cooperation and Development).
This means that both countries now offer much more protection for anyone who already has savings there and a very attractive and safe tax haven for anyone considering moving their money there.
By complying with the internationally set standards, both countries are stating that they care about their investors’ futures, do not want to risk anyone’s money and see the importance for being completely transparent and open.
Read the full article: http://www.shelteroffshore.com/index.php/offshore/more/positive-tax-haven-news-for-expat-savers-10383/
