Singapore is the ideal place for many family offices choose to be as it is a place to truly prosper and grow their business. Doing business in Singapore is fairly simple with a range of powerful tax incentives offered by the Singapore government. As early as 2004, the Singapore Economic Development Board launched the Global Investor Programme (GIP). The family office program in the plan is to encourage foreign investors to set up family offices in Singapore. Apply for immigration. In the recent budget proposals, Singapore will further deepen the family office system that has been implemented for many years, especially to expand the scope of tax exemption, and extend the first tax exemption policy to 2024.
The Singapore Family Office is also an immigration program for high net worth individuals launched by the Singapore government. The structure of a family office in Singapore is that the main applicant sets up two companies in Singapore by himself or his family members, one is a fund company and the other is a family office. Family offices provide fund management services to fund entities (corporate companies incorporated in Singapore). Tax Exemption Scheme (13X/13R) for Singapore Funds.
