02 Feb 2021

Family offices and tax incentives

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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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KEY CONTACT

Elaine Beh

Elaine Beh
Partner at Virtus Law

T:  +65 6661 6851 M:  Email Elaine | Vcard Office:  Singapore

Yi Lee

Yi Lee
Registered foreign lawyer at Virtus Law

T:  +65 6602 6604 M:  +65 9880 5935 Email Yi | Vcard Office:  Singapore