Nature of Single Family Offices (SFOs)

Why would Singapore be an attractive place to set up a Family Office?

  1. Politically stable and independent country, with efficient government
  2. Pro-business government actively promoting asset management and financial sector
  3. Attractive tax regime in Singapore:
    • no capital gains tax
    • no inheritance tax
    • tax exemption schemes available for family offices in Singapore
    • Singapore has signed Double-tax agreements (DTAs), Limited DTAs, and Exchange of Information Arrangements (EOI) with have more than 100 jurisdictions to reduce double taxation incidences
    • Singapore has incentives designed for the asset and wealth management sector
  4. Well-established and developed infrastructure for the asset and wealth management sector
  5. It is easy to find experienced professionals to assist the Family Office.