Structuring, licensing, tax incentives, and residency for families establishing a single-family office in Singapore.
1.Can I set up a family office in Singapore?
Yes. Singapore is a popular destination for family offices due to its tax regime, political stability, and wealth management ecosystem.
2.Do I need to apply for a license?
Not always. Some single-family offices may be exempt from licensing under the Monetary Authority of Singapore (MAS), depending on the structure.
3.What is the minimum capital requirement?
The Section 13O and 13U tax incentive schemes each carry minimum assets-under-management and spending requirements, and MAS updates these conditions from time to time. We confirm the current thresholds with you before structuring the application.
4.What are the tax benefits?
With proper structure, your family office may enjoy exemptions under Section 13O or 13U for income derived from designated investments.
5.Can my family members get Dependant Passes?
Yes, if the main applicant holds an Employment Pass or is approved under the Global Investor Programme (GIP). We assist with full visa planning.
6.How long does setup take?
A basic structure can be ready within 2–3 weeks. MAS incentive application and bank onboarding may take longer (typically 1–3 months).
7.Do I need local directors or staff?
Yes. A local director and at least one qualified investment professional are required under most incentive schemes.
8.Can I buy property through my family office?
Yes, though Additional Buyer's Stamp Duty (ABSD) and other tax rules still apply. We can advise on optimal structuring.
9.How can I bring in overseas assets?
We help with bank introductions, asset declaration, tax implications, and working alongside your external advisors.
10.Can you coordinate with my lawyers and banks?
Absolutely. We act as a local liaison and administrator to ensure smooth setup and ongoing compliance.
