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Family Office (FO)

Singapore's Family Office programme is an investment scheme providing wealth management and family office services for high-net-worth families. This programme is typically divided into two types: Single Family Office (SFO) and Multi-Family Office (MFO). In a Single Family Office setup, a high-net-worth family establishes a holding company that owns 100% of the family office shares and is responsible for managing the family's assets. Family members can obtain Singapore's Employment Pass (EP) by holding senior management positions in the family office, with the opportunity to apply for Singapore Permanent Resident (PR) status. The Family Office programme requires families to establish an asset management fund in Singapore and ensure the fund size meets certain standards to obtain approval from the relevant authorities. Additionally, applicants must comply with the Monetary Authority of Singapore (MAS) regulations and operate according to the prescribed investment strategies.

Key Advantages of Setting Up a Family Office:

Tax Exemption – Fund returns enjoy tax exemption benefits; funds that meet the criteria will have their investment returns exempted from tax.
Family Immigration – Spouses and children can directly apply for Dependant's Pass, and parents can apply for Long-Term Visit Pass.
Overseas Asset Allocation – Singapore has a well-established financial system, no foreign exchange controls, and access to global markets.
Overseas Identity Planning – Clients can immigrate to Singapore by converting from Employment Pass (EP) to Permanent Resident (PR) status.

Eligibility Criteria:

Fund must have assets under management (AUM) of at least SGD 20 million (13O) / SGD 50 million (13U) at the time of application.
13O scheme requires AUM to reach SGD 20 million.
Must obtain approval from the Monetary Authority of Singapore (MAS), and investment strategy cannot be changed after approval.

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