Family Office Services
In Asia, Singapore is often preferred by high-net-worth individuals and families as a jurisdiction to manage their wealth. This is due its political stability, the presence of a large talent pool of competent finance professionals, a high level of transparency and standards of governance, and a robust legal and judicial framework.
Singapore’s tax regime is quasi-territorial. From the perspective of an asset holding company, this means that tax is imposed only on income that is accrued in or derived from Singapore, or received or deemed to have been received in Singapore from outside Singapore. Certain foreign sourced income, such as dividends received by the asset holding company can be exempted from tax if certain conditions are met.
To encourage the asset management industry and the establishment of family offices, Singapore has attractive tax benefits & incentive schemes such as:
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- Capital gains are not taxable, such as gains from asset disposal;
- No dividend withholding tax;
- Tax exemption on specific income derived by fund vehicles from designated investments such as equities, bonds and immovable properties situated outside Singapore.
Our Services:
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- Structuring, incorporation and administration of legal entities comprising the family office;
- Application for tax incentives and regulatory licenses;
- CRS and FATCA registration and reporting;
- Fund administration and accounting;
- Tax and regulatory compliance;
- Management of high-value assets; and
- Concierge Services.