I am a Malaysian and a Singapore Permanent Resident since mid 1991. I am a shareholder of a Malaysian company and she is still operating. I have a trading company running in Singapore but no relationship (only supplier and buyer) with company in Malaysia.
I decided to apply for Singapore Citizenship and I would like to know:
1. Must I transfer or give up my shares in Malaysian company?
2. Must I declare my shares to Singapore government? (I have not received any dividend for many years). If so, which department shall I declare to?
3. Must I declare my property which given by my deceased parents to Singapore government? I have no receive any income from that property.
Thank you very much.
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Few Doubts: Applying for Singapore Citizenship
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edited on Oct 10, 2017 at 07:40
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1 Answers
edited Oct 10, 2017 at 07:42
1. Must I transfer or give up my shares in Malaysian company?
No need
2. Must I declare my shares to Singapore government?
Yes
If so, which department shall I declare to?
Go to their website
3. Must I declare my property which given by my deceased parents to Singapore government? I have not received any income from that property.
Is it a house with no occupants? It is still a taxable property under Singapore tax laws.
No need
2. Must I declare my shares to Singapore government?
Yes
If so, which department shall I declare to?
Go to their website
3. Must I declare my property which given by my deceased parents to Singapore government? I have not received any income from that property.
Is it a house with no occupants? It is still a taxable property under Singapore tax laws.
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