RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-startwindymayor1 wrote: I am sure VLE's tax advisors know what they r doing. Singapore offers these bullet points below. Especially when you will end up having operations throughout the SE Asian region just not in Thailand. Planning for the future. - Strong rule of law
- Favorable arbitration regulations
- Westernized banking and finance sectors
- Regional Headquarters of many banks and finance companies
- Low corporate (0-17%) and personal income tax rate (0-20%)
- Tax relief for establishing companies establishing regional or international headquarters (0-10%)
I know Singapore and Hong Kong well. There is zero benefit for any VLE people to live there at all, 1400+ KM from Bangkok business center and Thialand, especially as a start-up, when Canadian companies are legally mandated to have Canadian Resident Directors....i guess they have proxy lawyer directors in Canada which is what they should have in Singapore where they can move to after 4 yezrs in Thailand building relationships and trust.
Only amateur Canadians would move 1,400 KM from only cash flow asset team and do it to the most expensuve city in the world because they are peasants at heart new money corrupt LOL which we know already with the sale of Thrace shallows to opaque UK offshote for 10% of recent appraiswd value, then they couldnt pay for 10 months after scheduled close date hahaha.