In addition to the tax advantages already available to Singapore residents, a Global Investment Account or Offshore Investment Account benefits from gross roll-up, creating a virtually tax-free environment for your investments.

This allows for compounding growth, as no capital gains or income tax is paid within the account, helping you maximise your returns over time.

Offshore Investment platforms offer a wide and diverse range of international investment opportunities, with Access to up to 80,000 investment options including low-cost index funds, ETFs and mutual funds.

This allows investors to build a diverse portfolio, which in turn reduces investment risk.

Offshore accounts are favoured by expats for their flexibility, allowing you to invest both lump sums and regular savings on a secure platform whilst maintaining full access to your investments.

With their fully portable nature, you can seamlessly manage your portfolio from anywhere in the world, ensuring that nothing needs to change even if you relocate from Singapore in the future.

The Wealth Genesis works with trusted Global Investment platforms, such as Novia Global and Ardan (LINK), which are regulated by the FCA (Financial Conduct Authority) and covered by the FSCS (Financial Services Compensation Scheme), so you can be assured that your investments are safe and secure.

These types of accounts offer the ability to hold and invest in up to 11 different currencies, including SGD, USD and GBP. This mitigates the currency exchange risk you would be exposed to with frequent transfers from one currency to another.

There are zero set up fees for these investment accounts, and the ongoing platform fees start from just 0.34% per annum, falling to 0.15% for larger amounts.

As an expat living abroad, it is essential to structure your assets in a way that ensures your loved ones are well provided for after you pass away. Offshore investment accounts facilitate structured wealth transfer to future generations through beneficiary trusts, offering a tax-efficient approach to succession planning. This means that even if you eventually leave Singapore and its favourable inheritance tax regime, your estate will remain strategically structured to protect your beneficiaries.

As an expat, you may have assets in different countries, which can be difficult to manage and complicated to navigate from a tax perspective. An Offshore Investment Account allows you to Bring your total global investments together. From here, a simple and effective investment strategy can be implemented, allowing your wealth to grow further.