The family office is regarded as the highest standard of family wealth management and a secret recipe for wealth planning and inheritance of wealthy families. A dedicated and professional team will take care of asset allocation, investment portfolio, tax planning, charitable donations, trusts and relevant legal and regulatory matters, and ensures that the sustainable inheritance of family wealth for generations. In terms of wealth management, family offices have been viewed as the “Jewel in the Crown”.

As a leading financial hub for many overseas fund establishments, Singapore is best known for its regulatory environment, pro-business policies, rich investment resources and wealth management talents. It has attracted thousands of high-net-worth individuals overseas to set up their family offices here. Besides, Singapore Family Office is also a part of immigration plan for affluent individuals.

Setting up a family office requires the main applicant registers two companies in Singapore. One is a fund company and the other is a family office. The office provides fund management services to fund entities (corporate companies incorporated in Singapore), and it will be applicable to the tax exemption scheme (13X/13R) of Singapore funds.

The fund manager (the main applicant) manages the family’s own assets through the family office and obtains an employment pass (EP). After holding the EP for 6 months, the applicant will be eligible for Singapore permanent resident status (PR) application. Spouse of the main applicant and their unmarried children under the age of 21 can apply for a dependent pass (DP); parents can apply for a long-term visit pass (LTVP).