• info@kaizencpa.com
  • Our Office: USA - Hong Kong - Shenzhen - Shanghai - Beijing - Taiwan - Singapore - Japan - UK

+852 2341 1444(Hong Kong)
+86 755 8268 4483(Shenzhen)
+65 6438 0116(Singapore)

Search for anything.

Knowledge

  • Home
  • Knowledge
  • Setting Up a Single Family Office in Singapore

Setting Up a Single Family Office in Singapore

2023-05-11
Setting Up a Single Family Office in Singapore

Singapore is regarded as one of the most prominent financial centre in Southeast Asia because it is adjacent to local and global private banks, investment banks and other financial service providers. It is also known for its stable governance and favourable business environment, so it’s popular as a base for many high net worth families to manage assets and invest globally.

The Singapore government has set up tax incentives for offshore and onshore funds managed by family offices to boost Singapore’s appeal as a leading wealth management centre. Please refer to our Introduction to Family Office in Singapore for more details.

How to Set Up the Structure of a Single Family Office in Singapore？

A simplified description of the ownership structure of a typical family office is shown in the following figure:

How to Set Up the Structure of a Single Family Office in Singapore

How Long Will it Take to Set Up a Single Family Office？

The timeline for setting up a single family office is shown below:

How Long Will it Take to Set Up a Single Family Office

KAIZEN Group is equipped with experienced and highly qualified professional consultants and is therefore well positioned to provide professional advices and services in respect of the formation and registration of company, and application for various business licences and permits in Singapore. Please call and talk to our professional consultants for details.

Disclaimer

All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.

WhatsApp/Line/Wechat: +852 5616 4140

Related Posts

Guide to Activation of Singapore Custom Account

A Declaring Entity refers to any importer, exporter, shipping agent, air cargo agent, freight forwarder, common carrier or other person who desires to obtain a customs permit, licence, certificate or any other document or form of approval from Singapore Customs. Only the Key Personnel (e.g. owner, partner or director) of an entity whose record is registered with ACRA or the relevant UEN Issuance Agency can activate the entity’s Customs Account.

Singapore Guide to XBRL Filing

In today's increasingly digital business environment, regulatory compliance and efficient financial reporting are more important than ever. In Singapore, one significant step in this direction is the adoption of XBRL (eXtensible Business Reporting Language) for corporate financial statements submitted to the Accounting and Corporate Regulatory Authority (ACRA).

Singapore Foreign Worker Quota Requirements

Singapore has had a foreign worker hiring quota in place for several years and has undergone several adjustments to fit the nation’s demands. The government frequently reviews the quota system to ensure it is functional and efficient. The quota system involves taxes and other restrictions on the employment of foreign workers and limits the number of foreign workers a company may hire.

Singapore Budget 2025 - Overview Updates of Business and Individual Tax

The Singapore Budget is the country’s fiscal plan for the current financial year that is planned with Singapore’s current and future needs in mind. 2025 marks Singapore’s 60th years of independence. Prime Minister and Minister for Finance, Mr Lawrence Wong, delivered his Budget 2025 speech on 18 Feb 2025.