Connect with us

Hi, what are you looking for?

Jewish Business News


Eduardo Saverin among Safe Haven Seekers in Singapore

Eduardo Saverin at the 8th ChinITC conference

Facebook’ co-founder Eduardo Saverin is one of Singapore’s most prosperous expatriate.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Singapore takes top position in Asia as a safe haven for the wealthy: four out of ten of the richest in Singapore are expatriates. The country ranks third, behind London and New York, as a haven for the well-heeled. A main reason is that Singapore, while famous for its dedication to law and order, has a less draconian tax code than many other countries. It has no capital gains tax and individual taxes are lower.

Saverin was born in São Paulo, Brazil, to a wealthy Jewish family, which later moved to Rio de Janeiro. Eduardo’s father was an industrialist working in export, clothing, shipping, and real estate. When, in 1993, it was discovered that Eduardo’s name had been placed on a list of potential kidnapping for ransom, the family emigrated to the US and settled in Miami, Florida.

Singapore is also a popular place to relocate for the rich from Canada, New Zealand and Indonesia. The country isn’t just a place to settle, but to accumulate wealth in a peaceful, clean and relatively stable society. 54% of Singapore’s ex-pats earn more than $200, 000 a year, much greater than the global average of 7%, according to an Expat Explorer survey in 2012. Other Asian countries that made it to the top ten include Hong Kong, Vietnam, China and Thailand.

The rewards are substantial for the move to Singapore. Of those surveyed, 80% said that their disposable incomes increased after relocating to Singapore, and 44% stated that this increase was at least 50%. Among the advantages cited were less commuting time, less crime and a better quality of life. Others said that job opportunities were greater, and a solid work ethic contributes to a motivated labor force. Many of these ex-pats diversify their investments while in Singapore with cash, real estate and equities.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.