Singapore Family Office Immigration

Project Description

A single family office (SFO) tax exemption requires clients to form a holding company that holds 100% of the family office and manages only the assets of the single family.

Through the allocation and management of assets in Singapore, family members can serve as senior managers in the family office, obtain EP Employment Pass (Employment Pass), and apply for Permanent Residence Status (PR) for the whole family after about two years.

Project Benefits

1 Global Asset Allocation

Perfect financial system, no foreign exchange control, facing the global market.

2Optimal tax planning

Obtaining Singapore tax residency through EP Pass avoids Financial Information Exchange (CRS).

3 Overseas identity planning

Immigrate to Singapore by converting a Singapore Permanent Resident (PR) through an EP Pass.

4 Family wealth inheritance

Singapore's excellent business environment provides high net worth clients with the best "placement" for overseas wealth. Through the establishment of a family office, we can achieve cross-generation inheritance and preservation and appreciation of family wealth.

Family Office Framework - 13R

Approved companies managed by Singapore fund management companies will be exempt from tax on certain income derived from designated investments.

Spend at least S$200,000 annually on the business.

Approval by the Monetary Authority of Singapore is required.

Investment strategy/objectives remain unchanged after MAS approval.

Hire a Fund Accounting Services Company in Singapore.

Family Office Frame - 13X

Funds managed by a Singapore fund management company and regarded as an approved person will receive tax exemption on certain income derived from designated investments.

Singapore Family Office Immigration

Approval by the Monetary Authority of Singapore is required.

Funds must have at least S$50 million in assets at the time of application.

The family office employs at least 3 investment professionals (who can be family members).

Spend at least S$200,000 annually on local business.

If the fund is a Singapore registered company and is a tax resident, it is necessary to hire a local accounting service company in Singapore.

Cannot enjoy other tax incentives at the same time.

Investment strategy/objectives remain unchanged after MAS approval.

There are no restrictions on investors.

A master-slave fund structure is allowed, and the establishment of a Special Purpose Vehicle (SPV) within the master-slave fund structure is permitted.

List of Fund Tax Exemption Policies

Process

design home office

1. Tailor-made family office structure for customers.

2. Analyze and advise clients on how to efficiently and smoothly transition to the target architecture.

3. Write and submit the family office plan.

Build a home office

1. Create a project operation entity according to the plan, connect with customers and do due diligence.

2. Provide legal secretary and local agent director services necessary for company establishment (validity: 1 year).

3. Provide legal advice on tax compliance, actively communicate and cooperate with clients, and ensure an efficient and smooth transition to the target structure.

4. Apply to the Monetary Authority of Singapore (MAS) for relevant exemptions and exemptions for capital market service licenses

Drafting investment contracts - intercompany contracts.

5. Document review and coordination of asset investment.

identity planning

1. Advanced Employment Pass Application (EP).

2. Dependent Pass Application (DP) for spouse and children.

3. Application for Long Term Visit Pass for Parents (LTVP).

4. Application for Singapore permanent resident status for the whole family.