Over the years, Singapore has become the jurisdiction of choice for family offices in Asia. This is partly due to its reputation as an international financial hub, strong regulatory framework, well-developed infrastructure, stable and pro-business government policies and tax incentive schemes.
Rajah & Tann Singapore recently co-authored a report on family offices titled “Family Offices in Singapore” (“Report“). Developed in collaboration with Deloitte Singapore with the support from Singapore Economic Development Board (EDB Singapore), the Report provides insights into the family office landscape in Singapore, and the incentives, challenges and solutions to creating and managing a family office today. It sets out the different pathways to establish a family office in Singapore and the factors to consider when selecting a legal structure and team for a family office. The Report also features selected case studies of family offices in Singapore, and examines the tax and wealth structuring, family governance and planning strategies that these family offices adopt to manage their wealth and transfer the same through generations.
Vikna Rajah, head of the firm’s Tax and Trust & Private Client Practices, and Chandra Mohan, co-head of the Private Client Practice, contributed to the Report.
