- +86 13666058825
- singstartsg@gmail.com
No. 304, 3rd Floor, Building B5, New Guo Da Zhou Innovation Research Institute, Zhongxin Wisdom Third Street 10, Huangpu District, Guangzhou City, China
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No. 304, 3rd Floor, Building B5, New Guo Da Zhou Innovation Research Institute, Zhongxin Wisdom Third Street 10, Huangpu District, Guangzhou City, China
A single family office provides service specifically for the members of a single family, In contrast, a joint family office serves the members of multiple families.
Single-family offices are becoming increasingly important in wealth management. It is estimated that by the end of 2021, there were over 700 single-family affairs offices operating in Singapore, managing assets worth more than 31 billion Singapore dollars.
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Singapore is a necessary gateway for entering the markets in Southeast Asia.
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Corporate tax (17%); Personal income tax (0% - 24%)
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Many high-net-worth individuals and their trustworthy advisors have settled down and are enjoying a peaceful life in Singapore.
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A single family office in Singapore can be utilized for immigration planning. It can serve as a guarantor for applying for an employment pass, and can also be used to assist high-net-worth family members in applying for Singaporean permanent residency under the Global Investor Programme (GIP) framework.
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The single-family office structure in Singapore can, during the process of providing fund management services, be exempted from some of the regulatory provisions in the Singapore financial securities law framework, and can also benefit from the tax-free plan for funds in Singapore.
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Singapore is a highly praised jurisdiction for the establishment and management of trusts. The sole family office in Singapore and its affiliated funds are typically established as part of a family trust.
We will design a commercially viable and tax-compliant single-family office structure from the perspectives of risk management, legal compliance (including license requirements), and tax efficiency for you.
From a tax and compliance perspective, review the legal documents related to the established structure to ensure that the implemented framework conforms to the expected tax implications in the initial stage.
Consulting legal advice from top law firms demonstrates that the funds management company can be exempted from obtaining the "Capital Markets Service Licence" for managing funds in accordance with the "Securities and Futures Act".
01
We will assist in applying for relevant tax incentives, including assisting in the arrangement and participation in the meetings of the Monetary Authority; preparing and reviewing the application documents and submitting them; Providing corresponding responses to the questions raised by the Monetary Authority regarding the application.
02
We will collaborate with top law firms to apply to the Monetary Authority under the Securities and Futures Act for a license exemption allowing the fund management company to manage the funds.
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We will provide a template of the investment management agreement for your reference and adoption.
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We will refer to the relevant FATCA and CRS regulations to prepare a brief memorandum outlining the respective entity classifications of FATCA and CRS.
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We will assist in facilitating the registration of FATCA and CRS accounts for each of the financial institutions identified in item 6 of our service scope during the implementation phase.
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We will coordinate with the enterprise service providers and, based on the existing standards, provide you with the company registration services.
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We will coordinate with the company secretary and jointly apply for the work permit.
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We will provide a template of the employment contract for your reference and adoption.
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We will assist in opening local bank accounts for the relevant companies and individuals.
EDB 可协助企业为整个东盟市场的发展制定一套完整的商业模式