Singapore Expats

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by wingnut
Wed, 21 Dec 2011 10:36 am
Forum: Business in Singapore
Topic: Paying oneself dividends
Replies: 18
Views: 14175

I think you have alternatives. You are trying to demonstrate a "fake" income stream using your own money. Why not simply get a CPA to certify your net worth for use with the banks. This is how it is done in the US. I recently invested in a commercial warehouse. The investment was large enough that ...
by wingnut
Tue, 20 Dec 2011 6:27 pm
Forum: Business in Singapore
Topic: Paying oneself dividends
Replies: 18
Views: 14175

Thanks for that Strong Eagle. Hmm, I actually don't intend to switch to using a company of any sort to carry on with what I'm doing since the tax regime is favourable to me. Put it this way, lol: I'm unemployed but with means, and for documentation purposes, I'm looking to pay myself so to speak. I ...
by wingnut
Tue, 20 Dec 2011 5:02 pm
Forum: Business in Singapore
Topic: Paying oneself dividends
Replies: 18
Views: 14175

I used the term day-trader against my own better judgement. Let's put it this way, the way I live is much more akin to that of a retiree who has some holdings in stocks, and buy them and sell them as part of managing my portfolio, and occasionally receive dividends from them. Except that I'm not qui...
by wingnut
Tue, 20 Dec 2011 10:34 am
Forum: Business in Singapore
Topic: Paying oneself dividends
Replies: 18
Views: 14175

Paying oneself dividends

Hi, I have found this forum to be a wonderful repository of information, and have some queries which I hope will be answered here. I am engaged in a line of self-employed work which some would call day trading (although I consider it multi-year trading actually!). Doing so as an individual as oppose...

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