Singapore a Top Choice for Holding U.S. Intellectual Property

Singapore is a top-tier candidate for U.S. multinational companies seeking to relocate existing structures or create new foreign principal structures that hold, and use, group intellectual property.

With the demise of Bermuda and other zero-tax jurisdictions as viable locations for group IP—one result of the OECD’s sweeping project to combat tax base erosion—U.S. groups are looking to locate their IP in jurisdictions that are less likely to trigger an audit of the transaction by the home country.

Singapore is “a real country, with real laws and real taxes,” said Adam Halpern of Fenwick & West LLP in Mountain View, Calif., ...