Establishing a Family Office in Singapore – Latest Issue of ASEAN Briefing Magazine

The latest issue of ASEAN Briefing Magazine, titled “Establishing a Family Office in Singapore”, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store here.

In this Issue

• Why Establish a Family Office in Singapore
• Family Office Setup: Structural Model and Entity Formation
• Tax Incentive Requirements and Comparison

Singapore has become the preferred destination for family offices. The city-state recorded over 1,500 family offices by the end of 2022, managing assets worth just over US$66 billion.

It is because of Singapore’s streamlined business setup process, targeted tax incentives, skilled workforce, and robust legal system that the city-state has transformed into Asia’s family office hub.  Further, Singapore’s location at the heart of the rapidly growing economies of Southeast Asia serves as a gateway for new investment opportunities for the family offices of high-net-worth individuals.

In this issue of ASEAN Briefing magazine, we provide an overview of the factors that make Singapore the ideal destination for a family office. We then explore the family office structure and entity setup. Finally, we demonstrate the key requirements for qualifying for income tax exemption for family offices. 

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