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Singapore
Family Office (13U)
Singapore Family Office (13U)
Singapore is a leading global wealth management hub for ultra-high-net-worth families seeking long-term asset protection, investment flexibility, and succession planning. The Section 13U Fund Tax Exemption Scheme is designed for larger funds managed by a Singapore-based Single Family Office (SFO), providing tax incentives for qualifying investment income while supporting a substantial investment and operational presence in Singapore. It is an ideal solution for families looking to establish a sophisticated wealth management platform with global investment capabilities.
Time to permit
12-15 months
Residency requirement
Flexible Presence
Identity Acquisition
Path to PR
Taxation
Established time
Program launched in 2019
No taxation on capital gains or shareholder dividends
Application requirements
To qualify for the Section 13U Fund Tax Exemption Scheme, applicants are generally required to satisfy the following conditions:
Fund Size
The fund must have Assets Under Management (AUM) of at least SGD 50 million. Applicants should be able to demonstrate the legitimate source of wealth and source of funds.
Local Investment Requirement
The fund must invest at least 10% of its AUM or SGD 10 million (whichever is lower) in qualifying investments in Singapore, in accordance with the prevailing requirements issued by the Monetary Authority of Singapore (MAS).
Business Spending
The fund must incur the prescribed minimum annual local business expenditure in Singapore. The required amount is determined based on the fund's AUM and may include qualifying expenses such as employee remuneration, office rental, professional fees, audit, accounting, tax, and other operating costs.
Investment Professionals
The Single Family Office must employ at least three investment professionals, with at least one being a non-family member, to oversee the investment activities of the fund.
Substance and Compliance
The Single Family Office must maintain adequate economic substance in Singapore, demonstrate sound governance, and comply with all applicable regulatory and tax requirements under the Section 13U Fund Tax Exemption Scheme.
Program Benefits
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Benefit from Singapore's tax incentive framework for qualifying investment income under the Section 13U Fund Tax Exemption Scheme, subject to the prevailing regulatory requirements.
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Manage global investment portfolios through a Singapore-based Single Family Office, supported by one of the world's leading financial centres and a well-established wealth management ecosystem.
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Strengthen long-term wealth preservation, succession planning, and family governance with a professionally managed structure designed for ultra-high-net-worth families.
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Establish a substantive presence in Singapore while supporting the relocation of investment management functions and eligible professionals, subject to the applicable immigration and regulatory requirements.
