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Dilemma between Working in US vs. Working in Singapore.

Posted: Sun, 11 Jan 2009 12:56 pm
by kinkid
Hi, I am a Us citizen and have studied in singapore before studying in a US university. I am going to graduate soon and have an offer from a singapore company to sponsor me to work in singapore. But i am not sure whether it is worth it to work in singapore than US because US market is quite bad now. And if i work in singapore for over $2,000, is it going to be worth it since i am going to pay in US taxes?

Posted: Sun, 11 Jan 2009 2:14 pm
by pakjohn
I can't say if job outlook is any better here than the U.S., depending on where you're at now in the U.S.

In my perspective, you'll have a tougher time getting a job here as it doesn't sound like you are permanent resident or citizen of Singapore.

Again, depending on where you're coming from; it's probably also much more expensive to live here not to mention you'll pay double taxes.

Posted: Sun, 11 Jan 2009 4:06 pm
by kinkid
I am from san francisco and i can got a job offer in an accounting company in singapore. My family is from singapore. That is what i am afraid of: double taxation. But is there any way I can get an exemption so that I dont have to pay taxes on both side.?

Posted: Sun, 11 Jan 2009 4:07 pm
by Strong Eagle
How long are you coming to work for in Singapore? If you meet the IRS regulations for establishing residence in a foreign country, you will be able to take advantage of the foreign earned income exclusion with is $87,600 for 2008.

See http://www.irs.gov/businesses/article/0 ... 17,00.html for the gory details.

Posted: Wed, 14 Jan 2009 4:54 am
by kinkid
I am going to work permanently in Singapore. If i want to qualify to be a bona Fide test, do I have to be a Singapore PR or I just have to work there for an entire year? And does this bona fide test applies every year or I can only use it one time?

Posted: Wed, 14 Jan 2009 10:29 am
by RULDS
Generally speaking....when talking to locals or students soon to graduate, the starting salaries in the U.S. are a lot higher than that of Singapore plus a cheaper standard of living in the States.

When you graduate from college, you are typically expecting to make at least 40K+ USD with your bachelors. I believe starting salaries in Singapore are quite a bit lower than that.

...if I'm wrong, thats has just been my observation.

Posted: Wed, 14 Jan 2009 9:45 pm
by sundaymorningstaple
kinkid wrote:I am going to work permanently in Singapore. If i want to qualify to be a bona Fide test, do I have to be a Singapore PR or I just have to work there for an entire year? And does this bona fide test applies every year or I can only use it one time?
After the first year provided you are still working abroad and it is still your tax home then the test applies every year (it continues). I was a bona fide resident for 11 years before I became a PR here.