Family Offices - Moving Your Wealth to Singapore

Family Offices - Moving Your Wealth to Singapore

Singapore is an attractive base for family offices due to its status as a financial hub situated in Southeast Asia. High net worth individuals in the city state have access to a range of investment/private banks and financial institutions, and the ease of investing is underpinned by a pro business environment, political stability and legal certainty. While SFOs are not formally defined nor regulated by the Monetary Authority of Singapore (MAS), they are eligible for licensing exemptions and tax incentives provided that they meet certain criteria.  

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  • What licensing exemptions can Single Family Offices (SFOs) rely on?


    • According to MAS (FAQs)
      last revised on 12 October 2021

      An SFO may rely on the exemption provided for a corporation which manages funds for its related corporations, under paragraph 5(1)(b) of the Second Schedule to the SF(LCB)R [Securities and Futures (Licensing and Conduct of Business) Regulations]. An example of an ownership structure for an SFO which could fall under this exemption is illustrated below:

      Screenshot 2021-08-30 at 6.21.38 PM.png

      An SFO that provides financial advisory services to its related corporations may rely on an existing exemption from licensing under regulation 27(1)(b) of the Financial Advisers Regulations.

      "Where an entity managing funds does not fall neatly within the scope of the two exemptions both, exemptions may still be available on a case-by-case basis. The entity may seek a licensing exemption from MAS under s 99(1)(h) of the SFA"

      Source: CNPLaw LLP, last revised on 26 April 2019

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    • Boutique
    • Legal Services
    • Singapore

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  • Rajah & Tann Singapore LLP

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    Withers KhattarWong LLP offers a full range of legal services to corporations, institutions and successful individuals, including some of the biggest companies and leading families in Singapore. The firm's lawyers are qualified to practice in a wide range of key jurisdictions including Singapore, Australia, British Virgin Islands, India, Indonesia, Malaysia, New Zealand, UK and US.

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  • Millennium Law LLC

    Millennium Law LLC

    • Singapore Law Firm
    • Boutique
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    • Singapore

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  • PDLegal LLC

    PDLegal LLC

    • Singapore Law Firm
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  • Holland & Marie

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    • Mid-sized
    • Risk and Compliance Management
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    • Legal Services
    • Singapore

    Founded in 2018, Holland & Marie is a full-service compliance consultancy based in Singapore, and provides outsourced in-house counsel, risk management and C-Suite advisory to executive management and boards of directors. Collectively, Holland & Marie's consultants have professional expertise from Hong Kong, Japan, Korea, Japan, United States of America, United Kingdom and Singapore.

  • Paul Hype Page & Co

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    • Finance, Corporate & Consultancy Services
    • Mid-sized
    • Incorporation & Corporate Secretarial Services
    • Tax, Accounting & Audit Services
    • Singapore
    • Hong Kong

    An enabler of entrepreneurship, Paul Hype Page & Co. was established in 2008 to represent foreign expats and locals who are dreamers and trailblazers with an insatiable entrepreneurial spirit to incorporate businesses while accounting for happiness and success through expert execution. We offer one-stop consultancy services for company incorporation across multiple jurisdictions in Asia, accounting, auditing, taxation, compliance, and visa applications with our in-house employment agency that specialises in Employment Pass, LOC, Dependent Pass & LTVP in Singapore and beyond.

  • GYK Group

    GYK Group

    • Finance, Corporate & Consultancy Services
    • Boutique
    • Risk and Compliance Management
    • Incorporation & Corporate Secretarial Services
    • Tax, Accounting & Audit Services
    • Singapore

    GYK Group has more than 40 years of audit, accounting, tax and advisory (Compliance, Risk, Finance and Ops) expertise in Singapore. The group serves entities from FIs/MNCs to SMEs and startups in Singapore and Malaysia, including crypto companies, from incorporation to providing operational support such as the secondment of experienced c-suite officers.

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