Brazilian-born Mr Saverin, 30, will avoid paying around $600m (£373m) in tax when he picks up his share of the site's stock offering.
A spokesman said Mr Saverin "found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time".
MORE HERE
How America SAVED Eduardo Saverin: Facebook co-founder who renounced citizenship to dodge taxes moved to U.S. because he was at risk of kidnapping
FULL ARTICLE, CLICK HERE
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