Definition of “family office”
The term ‘single family office’ is not defined under the Securities and Futures Act. An SFO typically refers to an entity which manages assets for or on behalf of only one family and is wholly owned or controlled by members of the same family. The term ‘family’ in this context...What is a Single Family Office for the purposes of Sections 13(0) and 13(U) Income Tax Act?
Showing 9 Q&A Sections for "Family Office"
Nature of Single Family Offices (SFOs)
Business implicationsSingapore
Single Family Offices (SFOs) licensing exemptions
Licence applicationSingapore
Multi Family Office
Business overviewSingapore
Hiring for Single Family Offices
Relevant regulationsSingapore
Single Family Office (SFO) tax incentives and concession
Licence applicationSingapore
As of 18 April 2022, amendments have been made to the 13U and 13O tax incentives by MAS to increase the quality and professionalism of the Family Office sector. Applications submitted/approved before this date will not be affected, while applications submitted after 18 April 2022 will be subject to the new criteria. For more comprehensive and up to date tax advice, please contact a professional.
Regulations for Single Family Offices
Relevant regulationsSingapore
As of 18 April 2022, amendments have been made to the 13U and 13O tax incentives by MAS to increase the quality and professionalism of the Family Office sector. Applications submitted/approved before this date will not be affected, while applications submitted after 18 April 2022 will be subject to the new criteria. For more comprehensive and up to date tax advice, please contact a professional.
Tax
Relevant regulationsSingapore
Overview: Reasons to migrate to Singapore
Regulatory overviewSingapore
Nature of Variable Capital Companies (VCCs)
Regulatory overviewSingapore