Singapore has established itself as one of the leading wealth management and private banking centres globally and in Asia. With sound financial regulation, strong rule of law, as well as political and economic stability, it is an attractive choice for investors and high net worth individuals (“HNWI”).
In recent years, there has been a significant increase in the set-up of family offices by HNWI to manage and grow their wealth in Singapore. This article aims to provide a brief overview on the set-up of family offices, the common structures used as well as the various tax incentives applicable to such structures.
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