Singapore family office structure
Singapore offers a range of structures to hold your family assets, such as trusts established according to Singapore law, private trust companies or (private) investment funds, Singapore companies or limited partnership structures.
In most cases, the single-family office entity itself is established as a Singapore private limited company. Such a company will be subject to the standard corporate tax rates. This entity, which does not hold assets itself, could only act as a coordinator for the family’s assets. In most cases, it also acts as the investment manager or financial advisor of the family.
When it is structured correctly and only acts on behalf of family members, or for companies directly or indirectly held by family members, it can in most cases apply with the MAS for an exemption of financial regulations that will fall within the scope of the Securities and Futures Act and/or the Financial Advisers Act. In addition to standard exemptions, there is also the possibility to apply for an exemption on a case-by-case basis. On the other hand, it might in some cases be attractive to be in fact licensed under one of these Acts. For example, in case the family wants to evolve over time into a multi-family office.
You will find more about what needs to be considered when setting up a single-family office on our dedicated page.