Singapore Family Office - 新加坡晨星管理顾问

FAMILY OFFICE

Family Office in Singapore

A family office is a private wealth management advisory firm that serves ultra-high-net-worth individuals (HNWI).

Family offices are different from traditional wealth management shops in that they offer a total solution to managing the financial and investment needs of an affluent individual or family.

For example, in addition to financial planning and investment management, many family offices offer budgeting, insurance, charitable giving, wealth transfer planning, tax services, and more.

Singapore is recognised as one of the most
progressive and influential cities in the world. It
offers a high standard of living, available goods
and services, security, an efficient transport
system, world-class education and health care,
political stability, a competitive tax regime and a low crime rate.

Singapore rolled out two regimes of tax exemption further enhance her status as global hub of family offices.

Singapore Resident Fund Scheme 13O (Formly Known as 13R)

Enhanced-Tier Fund Tax Exemption Scheme 13U (Formly Known as 13X)

	13O	13U
Minimum Asset under Management	a) The fund has a minimum fund size of S$20 million at the point of application.	a) The fund has a minimum fund size of S$50 million at the point of application.
Investment Professionals	a) The fund is managed or advised directly throughout each basis period relating to any year of assessment by a family office in Singapore, where the family office employs at least two IPs. b) In the event that the family office is unable to employ two IPs by the point of application, the fund would be given a one-year grace period to employ the second IP.	a) The fund is managed or advised directly throughout each basis period relating to any year of assessment by a family office in Singapore, where the family office employs at least three IPs with at least one IP being a nonfamily member. b) In the event that the family office is unable to employ one non- family member as an IP, the fund would be given a one-year grace period to do so.
Business Spending	a) The fund will incur at least S$200,000 in total business spending in each basis period relating to any year of assessment, subject to tiered business spending framework that is set out in the next table.	a) The fund will incur at least S$500,000 in local business spending6 in each basis period relating to any year of assessment, subject to tiered business spending framework that is set out in the next table.
Local Investment	a) The fund managed by the family office will invest at least 10% of its AUM or S$10 million, whichever is lower, in local investments7 at any one point in time. b) In the event that the fund is unable to invest at least 10% of its AUM or S$10 million, whichever is lower, in local investments7 by the point of application, the fund would be given a one-year grace period to do so.

Tired Business Spending Framework

AUM RANGE	13O	13U
AUM < S$50 million	S$200,000	S$500,000
S$50 million ≤ AUM < S$100 million	S$500,000.
AUM ≥ S$100 million	S$1,000,000

FAMILY OFFICE

Family Office in Singapore

Singapore Resident Fund Scheme 13O (Formly Known as 13R)

Enhanced-Tier Fund Tax Exemption Scheme 13U (Formly Known as 13X)

Tired Business Spending Framework

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