Singapore is home to the largest number of High Net Worth Individuals (HNWIs) in the region. With a stable political climate, strong economy, sophisticated financial infrastructure, low tax system, and business friendly regulations, Singapore is becoming the preferred destination for HNWIs. Trusts in Singapore are regulated predominantly by the Trustees Act, which is constantly reviewed and revamped to accommodate the evolving needs of the trust market, while ensuring the provisions are robust to uphold the purpose of trusts in general.
When starting a business or changing your business structure, one of the most common options business owners evaluate is whether to form an S corporation (S corp) or C corporation (C corp). Despite their many similarities, S corporations and C corporations also have distinct differences:
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