Singapore 's economy is known for being open and well-regulated, with a vibrant ecosystem of bankers, trustees and advisors ready to provide you with quality services.
Therefore, for many high-net-worth families, Singapore is not only a leading financial services hub, but also the gateway to the Asia-Pacific region. Setting up family office in Singapore has naturally become their first choice.
Singapore Family Office is a relatively popular overseas project. Compared with traditional investment immigration, Singapore Family Office is self-sufficient.
plans its own capital and property, manages it by itself, operates the company by itself, and the final profit belongs to itself. Controlling wealth and ensuring value appreciation in this way is the best choice for many high-net-worth clients for fund inheritance and management.
Singapore’s policy advantages
Immigration status is approved quickly, enabling global asset allocation
Asset immigration is a fast channel. For family offices established by a single family, by allocating and managing assets in Singapore, family members can stay in Singapore. Serve as a senior manager in the office and obtain a Senior Employment Pass (Employment Pass). After about two years, you can apply for Singapore permanent residence status for your whole family (PR) to achieve true investment immigration.
At the same time, Singapore is the financial center of Southeast Asia. Looking over Southeast Asia from here, you can seize many investment opportunities. Including some high-tech companies (such as SEA Group, Razer, Grab, Gojek and Tokopedia). Among them, the successful listings of SEA Group and Razer made me see the profit potential of venture capital funds. , then choosing to establish an overseas branch in Singapore will give you access to more projects and opportunities.
As long as the capital scale is sufficient, the plan is detailed enough, and a professional asset management company is used, most people will be approved and get a stepping stone for immigration.
fund income enjoys tax-free benefits and obtains a stable business market. A very good point about the
family office project is that the project falls under the tax exemption plan introduced by the Monetary Authority of Singapore. In other words, there is almost no tax in the first three years. According to Articles 13D, 13O and 13U of the Singapore Income Tax Act, most of the income of family assets managed by a single family office in Singapore, except for a few asset class income, will enjoy tax exemption. policy.
This management model of the Singapore Family Office effectively avoids unnecessary legal risks and tax issues. In short, this model is an excellent means of tax avoidance and an important way for entrepreneurs to reduce costs.
is one of the best "places" for overseas wealth for high-net-worth clients, and Singapore is famous for its low taxes and is recognized as one of the countries with the lowest tax rates in the world. There is no capital gains tax or inheritance tax, the corporate income tax is only 17%, and the highest personal income tax rate is only 24% (China’s 45%).
Passports from many places around the world are visa-free, enabling family identity planning
Holding a Singapore passport can travel to 192 destinations without a visa, and can travel freely to many countries such as the United States, Canada, Japan, and the European Union . Singapore citizens can enter mainland China without a visa. . For business people, this visa-free status advantage can greatly save time and make traveling around the world very convenient.
At the same time, customers obtain Singapore tax resident status through EP, which can avoid the exchange of financial information to a certain extent (CRS). Spouses and unmarried children under 21 years old can apply for permanent residence status together, establish a long-term family tradition through the family office, and achieve cross-border Generational inheritance and preservation and appreciation of family wealth.
Family Office Application Process
Design Family Office
customizes the family office structure for customers.
analyzes and advises customers on how to transition to the target architecture efficiently and smoothly.
Family office plan written and submitted.
builds home office
establishes the project operation entity according to the plan, connects with customers and conducts due diligence.
provides necessary legal secretary and local agent director services for company establishment.
provides legal advice on tax compliance and actively communicates and cooperates with clients to ensure an efficient and smooth transition to the target structure.
applied to the Monetary Authority of Singapore MAS for relevant exemptions and exemptions from the capital markets services license.
Drafts investment contracts - inter-company contracts.
Document review and coordination for asset investments.
Identity Planning
Advanced Employment Pass Application (EP).
Dependent Pass Application (DP) for spouse and children.
Parent Long Term Visit Pass Application (LTVP).
FamilyMart Singapore permanent resident status application.
Family offices have natural advantages in wealth management of family trusts and charitable trusts . The advantages of family offices in the investment field are mainly reflected in their accumulation of investment experience, comprehensive asset allocation capabilities, and domestic and overseas asset allocation capabilities. The
family office has more professional and independent investment judgments and strategies, providing perfect management services for the inheritance of family assets and wealth.
