Facebook co-founder Saverin to stay in Singapore

Facebook co-founder Eduardo Saverin intends to stay in Singapore but has no plans to take up citizenship after giving up his United States (US) passport, a move that could save him millions in taxes, his spokesman said.

The Brazilian moved in 2009 to Singapore, a low-tax Asian technology and finance hub where he mingles with entrepreneurs and is regularly seen in exclusive clubs with a young circle of expatriate and Singaporean friends.

'Eduardo is a permanent resident of Singapore. I am not aware of any plans for him to take up Singapore citizenship,' his New York-based press agent Tom Goodman told AFP in an email late Tuesday.

'He is a citizen of Brazil, his native country,' Mr Goodman added. The media-shy Saverin, 30, was born to a wealthy family in Brazil, moved to the United States in 1992 and became an American citizen in 1998.

SOURCE:
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_799524.html
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