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| Procure investment-grade 1kg gold bars at spot +0.25%. Enquire within. |
| Procure investment-grade 1kg gold bars at spot +0.25%. Enquire within. |
It is legal to own a holding company in Singapore 100% as a foreign resident. This means the assets in the holding company are entirely owned by the shareholders of the holding company, who may be you only. There is no requirement to give up ownership for local content.A holding company is its own legal body corporate, that a shareholder cannot be asked to pay more than the amount unpaid on his shares when the company is wound up. Once shares are fully paid up, the share-holder is relieved of liability to contribute on a winding up or liquidation.
You only need to determine your financial year end when you are formally legalizing your holding company. Discuss with your commercial advisor when you are ready to incorporate your holding company.A privately-owned holding company has limitations on share transfers. Shareholders cannot buy and sell the holding company shares freely. Any share transfer is subject to the board approval. There is also a limit on the number of shareholders a privately-owned holding company can have (50).
Therefore, owning a holding company and using that to buy assets like Gold is safe because;
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