Family Office Singapore
Singapore hosts 1,500+ family offices with US$1 trillion+ in assets. Tax-exempt structures under 13O and 13U schemes. Complete setup guide for UHNW families.
Singapore Family Office Tax Schemes
Choose between 13O (onshore) and 13U (offshore) structures based on your family's needs and investment strategy.
Section 13O Scheme
Onshore Fund Tax Exemption
Section 13U Scheme
Enhanced Tier Fund Exemption
Family Office Setup Process
Structure Planning (4-6 weeks)
Determine optimal structure (13O vs 13U), investment mandate, family governance framework, and succession planning. Engage tax and legal advisors.
Entity Formation (2-4 weeks)
Incorporate Singapore fund management company and fund vehicle. Appoint directors and establish corporate governance.
MAS Application (8-12 weeks)
Submit application to Monetary Authority of Singapore for tax incentive scheme. Includes business plan, investment policy, and compliance framework.
Operational Setup (4-6 weeks)
Open bank accounts, hire investment professionals, establish compliance systems, and transfer assets to the fund structure.
Ongoing Compliance
Annual reporting to MAS, maintain local spending and investment requirements, employ required investment professionals.
Family Office Setup Costs
| Cost Category | 13O Scheme | 13U Scheme |
|---|---|---|
| Setup (Legal & Tax) | S$150K - S$300K | S$200K - S$400K |
| Annual Local Spending | S$200K minimum | S$500K minimum |
| Investment Professionals | 2 (S$300K-500K/year) | 3 (S$500K-800K/year) |
| Compliance & Admin | S$50K - S$100K/year | S$75K - S$150K/year |
| Estimated Year 1 Total | S$700K - S$1.1M | S$1.3M - S$1.9M |