
Uruguay Raises Tax Holiday Threshold to US$2 Million, Taxes Foreign Income at 12%
Francisco Litvay warns that Uruguay is repeating Portugal’s NHR mistake. Philippe May thinks the real winner is next door.
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The Honorable Philippe A. May is a Swiss-Singaporean and CEO of IMI Official Partner company EC Holdings. He was the MD of Arton Capital (Singapore) Pte Ltd until August 2021.
He is a qualified Associate Financial Planner (AFP™), an Associate Estate Planning Practitioner (AEPP®) and a member of the Financial Planner Association of Singapore (FPAS). Holding a Bacherlor’s degree in Business Administration (BBA) and an Executive Diploma in International Diplomatic Law for Honorary Consuls from the United Nations Institute for Training and Research (UNITAR), Geneva, Switzerland, Philippe has extensive experience in Private Banking, Insurance, Diplomacy, as well as Estate and Investment Immigration Planning.
He has previously worked for Credit Suisse and BNP Paribas in Zurich, Switzerland and as Vice President for EFG Bank in Singapore. Philippe has been a European citizen of Singapore since 2008. he is accredited with the Ministry of Foreign Affairs of Singapore as the Honorary Consul of St. Vincent and the Grenadines whose government appointed him in 2011.

Francisco Litvay warns that Uruguay is repeating Portugal’s NHR mistake. Philippe May thinks the real winner is next door.

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