Singapore Family Office
Singapore Family Office means the main applicant sets up two companies in Singapore, one is a fund company and the other is a family office. The main applicant conducts investment and wealth management through the family office and manages their own assets, enjoying the tax exemption scheme for family offices by the Monetary Authority of Singapore. At the same time, the main applicant can obtain a self-employment work pass (EP), achieving immigration to a major country, thus accomplishing identity, asset planning and allocation, and wealth inheritance in one go, once and for all. After holding the EP for 6 months, if conditions are met, they can apply for Singapore Permanent Residence (PR). Spouse and unmarried children under 21 can apply for Dependent Pass (DP); parents can apply for Long-Term Visit Pass (LTVP).
Program Highlights
Family Office Program
Manage assets of SGD 20 million
Tax incentive policy
Eligible for EP pass
Processing time 6-12 months
Singapore Family Office Application Process
KYC, Background Check
Complete client KYC and background check with lawyer
Application Document Preparation
Prepare application documents
Register Singapore Company and Corporate Account
Register Singapore company and corporate account
Submit Singapore EP Application and Obtain EP
Our company assists in submitting Singapore EP application, assists in preparing supplementary documents, and obtains EP approval letter
Submit to MAS for Preliminary Review
Submit to Monetary Authority of Singapore for preliminary review
Submit to MAS for Final Review
Submit and await final review by Monetary Authority of Singapore
Pass MAS Final Review
Assist client in passing final review by Monetary Authority of Singapore and obtaining license exemption letter
Execute Investment Plan
After obtaining the license exemption letter from MAS, execute the financial investment plan
Singapore Family Office Application Conditions
- Asset Requirement
- Starting from SGD 5 million in cash assets
- Source of Wealth
- Able to fully explain the wealth accumulation process and source of funds
- No Criminal Record
- No criminal record or adverse record
- Operating Expenditure
- Annual operating expenditure of SGD 200,000
- Asset Managers
- At least 2 asset managers per structure (one with investment experience and not a family member)
- Local Investment
- 10% of total assets under management must be invested locally in Singapore
Singapore Family Office Application Fees
| Fee Item | Receiving Agency | Amount | Payment Timeline | Refund Policy |
|---|---|---|---|---|
| Consultation Service Fee | Signing Company | RMB 50,000 [per household] | At signing | Fully refundable, see contract for details |
| Legal Fee | Signing Company | USD 45,000 | At signing | Partially refundable |
| Third-Party Fee | Third-Party Agency | SGD 11,000 | When arranging third party | Non-refundable |
| Third-Party Fee | Accounting Firm | SGD 16,000 (SGD 16,000~30,000 varying) | When arranging third party | Non-refundable |
Frequently Asked Questions
References & Sources
- 1.Monetary Authority of Singapore Official Website
- 2.Immigration & Checkpoints Authority of Singapore
- 3.Singapore Economic Development Board
Author
AiEAC Immigration Consultant
Immigration Consultant