Pre-Arrival Tax and Wealth Planning for Relocating Founders

The decisions that fix a founder's tax position in the Gelephu Mindfulness City are mostly taken before the founder arrives: where the company will be managed, which entity holds which assets, whether a trust is settled before a statutory cut-off, and whether an incentive application is lodged before the window closes. Basnet Law Pte.

Mapping the founder's personal position: citizenship, days in GMC, home-country residence and the income that falls within the 0% rate.

Deciding where control and management of each company will sit, so that GMC residence is earned rather than assumed.

Structuring the holding company around the share disposal and dividend exemptions, with the substance a not-yet-commenced foreign-asset rule would require.

Assessing and lodging founders company or strategic and development company applications before 31 December 2030.

Settling trusts and family holding vehicles with the commencement status and the 1 January 2028 cut-off in view.

Sequencing the work pass, resident director role, GMC bank account and payroll.

Founders and executives relocating to Gelephu under a work pass. Principals establishing a holding company, family office or trust with a GMC base. Entrepreneurs bringing a business that may qualify for a founders company or strategic and development company approval. Families with members of mixed citizenship and residence.