Ambani family office opens in Singapore: Singapore chosen by super rich due to low taxes

Asia's second most extravagant financial specialist and director of Dependence Enterprises Mukesh Ambani is currently planning to open a family office in Singapore. As per sources, Ambani has chosen land for the new unit.

Office opening in a year:

The recruitment of workers has also started. A manager is appointed for supervision. According to sources, Mukesh Ambani's wife, Nita Ambani, also helped set up the Singapore office. Ambani wants to open a family office in Singapore within a year.

Choice of Super Rich peoples in Singapore

The focus is shifting from legacy development and petrochemical industries to e-commerce, green energy and expanding markets across India. Singapore's beaches continue to attract the ultra-rich due to low taxes and security. According to Singapore's financial regulator, 700 family offices will be opened by 2021, up from 400 last year.

Ambani wants to take his business

Mukesh Ambani wants to take his business from retail to refining internationally. Announcing the appointment of Aramco as chairman on Reliance's board in 2021, Ambani told his shareholders, "This marks the 'beginning of internationalisation' of the Reliance Group." In the coming time, you will get to know about our many international plans. 

Also bought a villa in Palm Dubaiss to international level

Last month, Mukesh Ambani bought the most expensive villa in Dubai. According to media reports, he has spent Rs 640 crore for this. His younger son Anant Ambani will stay here. Located on Palm Jumeirah Island, this luxurious villa is right next to her Mumbai home, Antilia.

(SOURCE ; WWW.MRNEPSE.COM)