ESTABLISHING SINGAPORE
FAMILY OFFICE (SFO)
What is Singapore
Family Office ?
A Family Office in Singapore (SFO) is a private wealth management advisory firm that serves high-net-worth individuals (HNWIs) and families. The primary purpose of a Family Office is to manage and coordinate the financial, investment, and personal affairs of the family in a holistic manner.
Family Offices in Singapore are known for providing solutions that cater to the specific needs of each family, including investment management, estate planning, philanthropy, tax services, legal advice, and other specialized services.
Services We Provide
Personalized Services
Tailored financial and investment strategies that align with the family's long-term goals and values.
Holistic Wealth Management
Comprehensive management of the family's wealth, including assets, investments, estates, trusts, and philanthropic activities.
Confidentiality
Ensuring the family's financial affairs are handled with the utmost discretion and confidentiality
Generational
Planning
Assisting with succession planning and ensuring the smooth transfer of wealth across generations.
Stable Financial System
A robust and well-regulated financial system provides a secure environment for managing family wealth.
WHY SINGAPORE ?
Singapore offers various tax incentives and low tax rate for foreign investors.
Tax Efficiency
Excellent infrastructure, and political stability make it an appealing place for families to reside and manage their affairs.
Quality of Life
Strategic Location
Singapore's strategic location in Asia, along with its strong legal and regulatory framework, makes it an attractive destination for family offices.
Title | Section 13CA | Section 13X | Section 13R |
|---|---|---|---|
Eligibility | Offshore funds managed by Singapore-based fund managers | Large funds, both onshore and offshore | Singapore-incorporated, based funds |
Annual business Spending | N/A | Min. SGD 200,000++
(Depending on fund size) | Min. SGD 200,000 |
Tax Exemption | Specified income from designated investments | Broad tax exemption on specified income from designated investments | Specified income from designated investments |
Ownership Restrictions | Must not be 100% owned by Singapore tax residents | Must not be 100% owned by Singapore tax residents | Must not be 100% owned by Singapore tax residents |
Fund Structure | Companies, Trusts, Partnerships | Can be based in Singapore
or offshore | Singapore incorporated company |
Min. Fund Size | No minimum requirement* | SGD 50 millions* | No minimum requirement* |
Management Requirements | Managed by Singapore
based fund manager | Managed by Singapore based fund manager | Managed or advised by Singapore based fund manager |
Approval Required | N/A | Requires approval from the Monetary Authority of Singapore (MAS) | Requires an approved investment strategy |
Overall | Qualifying Fund Scheme | Enhanced-Tier Fund Scheme | Qualifying Fund Scheme |
Tax incentive for Singapore Family Office
(*) Please consult The Unique Prime specialist for any additional information.
FOR MORE INFORMATION
Please read our Singapore Family office brochure
or Contact Unique Prime for specific enquiries
