Guide for Singapore immigrants to apply for loans

1. Guide for Singaporean immigrants to apply for loans

First, the application steps ① contact the bank loan Commissioner.

② Submit the required evaluation materials.

③ The loan application was approved.

④ Sign a loan agreement.

Second, you need to submit documents to apply for a loan.

In order to handle the loan procedures, banks usually require the following documents to be submitted. However, in some cases, other supporting documents are required.

Original and photocopy of ID card or passport

Proof of income-a payroll or bank passbook showing the salary income of the previous three months, as well as unconventional paid employees.

Workers or self-employed individuals are required to show their bank passbook statement of salary income in the past six months.

Latest income tax assessment

House pre-sale contract

purchase contract

Personal bills for the past six months (optional)

Application Form for Housing Loan (completed and signed)

Three. Other required documents.

Do I need to appoint a lawyer to buy it?

Yes, you need to perform the following activities through a lawyer:

Buy real estate (on your behalf)

Property purchase fund management (on your behalf)

Fourth, apply for housing loans.

You must pay the lawyer's fee, but you don't need to hire a different lawyer for each activity. You can confirm to the bank or financial institution whether there is a designated housing loan lawyer and whether it bears the expenses.

Verb (abbreviation for verb) the procedure for handling loan applications.

Step 1- The customer submits the application and related documents.

The second step-the bank carries on the property appraisal.

Step 3- Bank approves the application

Step 4-The bank informs the lawyer to prepare the relevant contract.

Step 5-The customer signs the housing loan agreement.

Step 6- Lawyer Registration Loan Agreement

Step 7-The customer pays other related fees to the bank and the balance to the developer.

Step 8- Lending

Step 9-The customer pays monthly according to the allocated loan amount and the agreed interest rate.

The loan interest rate in Singapore is usually divided into fixed interest rate and floating interest rate. Banks will have different supporting schemes when lending, regardless of fixed interest rate or floating interest rate. The following analysis is aimed at how people who have no income in Singapore can obtain housing loans through deposit guarantee.

2. Advantages of Singapore immigrants

1, fast application, no immigration supervision.

Singapore's investment immigration project can get a green card in an average of 6 to 9 months, and there is really no immigration supervision restriction. You can apply for naturalization after living for two years and one year, and you don't have to give up your job in China immediately.

2. Excellent education combining Chinese and Western culture

One of the characteristics of Singapore education is bilingual education, which enables your children to master fluent English without giving up their mother tongue. Moreover, children can go to government (public) schools and enjoy at least ten years of national education (almost free) and a high-quality English education environment.

3. World Financial and Trade Center

Singapore has a world-class port and international airport, perfect communication facilities and belongs to a free economic system. Today, Singapore has become a veritable world financial and trade center.

4, the springboard of the world market

With the signing of the new free trade agreement in the United States, bilateral trade between New Zealand and the United States flows freely without tariffs, which gives Asian countries a very favorable opportunity to export American goods. Singapore will become a veritable Asian trade transit point. Setting up your own company in Singapore and reducing the cost of export tariffs will be something that businessmen must consider.

5. Life is the first choice

Singapore is known as a garden country with stable politics and good social order, and is one of the "most livable cities" recommended by the United Nations.

6. Social welfare is generous and sound.

Singapore has good social welfare and a sound medical system. Ordinary citizens can buy government apartments and enjoy low-interest loans to ensure home ownership.

7, convenient identity, global visa-free

Singapore's permanent resident status makes it very convenient to obtain visas from the United States, Australia, Britain and other European and American countries; If you apply to become a Singapore citizen after two years and hold a Singapore passport, you can get visa-free treatment in more than 50 countries, and you can work in Singapore at any time without applying for I or employment permit first.

8, ultra-low tax burden

Singapore has long been famous for its low tax burden, including extremely low corporate income tax and personal income tax. It has also become the first choice for many domestic business people to carry out tax planning.

3. Benefits of emigrating to Singapore

For more than 20 years, Singapore has been a favorite destination for foreign entrepreneurs. Singapore is a well-run first-line developed country, and its advantages include easy business, low taxes, integration with the global market, superior geographical location and a productive and English-speaking labor market. It provides a very friendly business environment for new entrepreneurs. For various reasons, thousands of domestic and foreign entrepreneurs and group companies make this their new home every year.

In addition, Singapore's good and convenient public and private transportation, high medical level, safe and healthy living environment, convenient going abroad, excellent schools and unlimited cultural opportunities also provide people living here with a quality life.

I. Advanced infrastructure

1 Singapore is the "center" of Asia.

Singapore's strategic position makes it an important logistics hub, which facilitates the entry and exit of goods and people. Singapore, located in the center of Southeast Asia, has become a tangible and intangible gateway for the 3 billion people in Asia. Some of the most important economies in the world can be reached by plane and the traffic is very developed. Singapore Port is one of the busiest ports in the world and is also listed as an important international shipping center.

2. Infrastructure

Most first-time visitors to Singapore are surprised by the country's infrastructure. This includes China's airport, expressway system, subway, Internet infrastructure, commercial buildings, museums, hotels and parks. In the past ten years, many infrastructures have been developed, so it is very modern and novel. In addition to creating a pleasant working environment, this infrastructure also improves the productivity of enterprises.

Second, skilled skilled labor.

1, productive labor force

You must know Singapore's excellent education system, and Singaporean students get high marks by global comparison standards. These students eventually became part of Singapore's workforce and brought this excellence to their work. Singaporeans are famous for being diligent, obeying rules, prolific and highly educated.

In Singapore, you can get permanent residency in Singapore through the reunion of local spouses or children or parents, or through Singapore investment immigrants. However, the common immigration method in the market is to apply for permanent residence in Singapore through a work visa or studying abroad. This low-input method is more suitable for most foreigners than investing in immigration. You can apply for permanent residence status in Singapore after holding S-certificate (SP) and E-certificate (EP) for half a year. The official review period for applications for permanent residence is 4-6 months. Therefore, if you apply for permanent residence in the form of a work visa, you can get permanent residence status as soon as 1 year. At the same time, the principal can take the legally married spouse and unmarried children under 2 1 year old to live permanently.

2. Entrepreneurial immigrants have attracted much attention.

Combined with the introduction of foreign talents, foreign capital and the demand of foreign population in Singapore, the Singapore entrepreneurial immigration that Global is currently handling has attracted the attention of entrepreneurs. By assisting the applicant to set up a company in Singapore, first apply for Singapore-level employment permit (EP) in the name of a Singapore company, and then apply for permanent residence status in Singapore. If necessary, Singapore can also assist in naturalization.

3. The sign of relaxing immigration

In the population report, the Singapore government pointed out that due to the low global fertility rate and the serious problem of an aging society, Singapore needs to increase its population by at least 1 1 10,000 in the future. Today, traditional immigrant countries in the world are tightening their immigration policies, but Singapore is slowly relaxing immigration. Singapore has opened the channel for overseas students to live permanently, which is nothing more than an optimistic immigration phenomenon.

Third, an efficient entrepreneurial model.

1, Singapore's free low tax rate and corporate tax reduction policy.

One factor that has been bothering entrepreneurs is taxation. However, Singapore has one of the simplest and most reasonable tax systems in the world. It does not tax capital gains or dividends from enterprises. This makes Singapore particularly attractive to entrepreneurs who want to set up new businesses. Singapore has alleviated all these tax problems by maintaining low and effective personal and corporate tax rates. Singapore's tax revenue is a ladder form, and the corporate income tax of start-ups has also been reduced in the first three years. In addition, Singapore does not tax overseas income.

There are many opportunities in Singapore.

Singapore has great trade and investment potential. This feature makes Singapore a competitive Asian country. Compared with many developed and developing countries, it takes less than a week to set up a company in Singapore. Therefore, the relaxed rules for setting up a company here make it more attractive. The Singapore government has adopted policies that are very conducive to growth and innovation. It provides many grants, tax incentives and in-kind assistance programs for start-ups. In some priority industries, the government can also subsidize the labor costs of new enterprises. These concessions are applicable to both local enterprises and foreign-funded enterprises.

3. Avoid double taxation.

Singapore has signed extensive double taxation avoidance agreements with more than 50 countries. These agreements aim to ensure that economic transactions between Singapore and treaty countries are not subject to double taxation. Therefore, Singapore tax resident companies are unlikely to suffer from double taxation. Singapore has signed double taxation avoidance agreements with the following countries. Such as Australia, Canada, China, Britain and Japan.

4. 100% foreign ownership, no foreign exchange control.

Singapore allows foreigners to hold 0/00% shares of Singapore Company/KLOC, without any local partners or shareholders. This enables entrepreneurs to create companies with ideal capital structure types and give them ownership distribution to meet their own investment needs. In addition, entrepreneurs can bring any capital from other countries to invest in Singapore companies, and Singapore has no restrictions on capital injection.

Singapore has no restrictions on the repatriation of profits to other countries. Capital gains from the sale of enterprises are not taxed. Similarly, dividends paid to shareholders are not taxed.

5. Singapore enterprises have high credibility.

Singapore is regarded as a well-managed, modern, honest and rule-abiding country. This positive impression of the Singapore brand has also affected its business. By doing business in Singapore, you will send professional and high-quality signals to your customers, partners and suppliers. Their first impression of your business will be a professional, capable, honest and well-run company.

Singapore has also achieved excellent results in many international lists:

Singapore was rated as a global security country.

Singapore is rated as the most suitable country for children to grow up in the world.

The National University of Singapore ranks first in Asia and Nanyang Technological University ranks second in Asia.

Singapore ranks first in the world in terms of food safety.

If the applicant can't meet the requirements of starting a business in Singapore, let the children apply to study in primary and secondary schools in Singapore. According to the latest policy of Singapore Immigration Bureau, foreign students can apply for permanent residence in Singapore as long as they have lived for more than 2 years and passed the national examination. In a recent successful case, PR was approved nine months after the application was submitted.

After obtaining PR, international students can directly apply for naturalization as long as they have lived in Singapore for three years, obtained PR exceeding 1 year and passed at least one national exam. The child gets a green card. 2 1 year-old, you can apply to your parents for a five-year long-term visa reunion. After children obtain citizenship, they can apply to their parents for green card reunion.

In Singapore, maternal relatives are allowed to accompany them, and mothers, grandmothers and grandmothers can choose one of them. In the second year with them, they can legally work or start a business without any restrictions. If they choose to start a business, according to the current EP policy, they can become permanent residents in two years at the earliest.

Most customers who apply for entrepreneurial immigration in Singapore will also apply for their children to attend primary and secondary schools in Singapore in order not to delay their education because of the existence of entrepreneurial immigrants for a certain period of time.

4. Conditions and advantages of Singapore's S $2 million investment immigrants

1) 2 million Singapore dollars will be invested in listed companies or funds, with stable investment and high income, and the principal and interest will be repaid in four years. Free Singapore identity.

2) Within three months, the beneficiary of wealth management products will entrust the applicant to apply for Singapore identity and land in Singapore. That is, it is granted the status of independent director of the listed company, and all the expenses involved are paid by the client. Assist applicants and their families to apply for permanent resident status in Singapore two years after the investment expires.

3) The project is sponsored by Lee& Law Firm in Singapore; Lee provides legal supervision services to protect your wealth.

Application conditions:

1) The investor shall be at least 2 1 year old.

2) Legally explain the source of funds (if the investor is under 2 1, it is necessary to specifically explain the source of funds).

Advantages of Singapore:

1) You can buy a welfare house built by the Singapore government, that is, an apartment, and you can use 50% of the provident fund to pay the monthly bank mortgage fee;

2) you can enjoy the medical welfare protection paid by the provident fund;

3) Enjoy medical expenses subsidized by the government, up to 80%;

4) You can enjoy the pension benefits paid by the provident fund;

5) Children attend government schools (such as primary schools, secondary schools, junior colleges, junior colleges and universities) free of charge and enjoy corresponding government scholarships or tuition loans.

6) You can apply for a long-term visit permit of up to 5 years for your parents' guarantee (which can be extended upon expiration) to facilitate long-term residence in Singapore;

7) You can apply for a new tourist visa for your relatives and friends through SINGPASS, and the visa application can generally be approved within 1 working day; It can also provide protection for domestic relatives and friends to study and live in new places. After two years of permanent residence, you can apply for Singapore citizenship and become a Singapore citizen. You can hold a Singapore passport to avoid visa to countries around the world (including China).