Exciting Update: Singapore to Ease Family Office Tax Requirements
Singapore continues to strengthen its position as Asia’s leading wealth management hub.
The Monetary Authority of Singapore (MAS) has just announced upcoming reforms to make it easier for single family offices to access much-sought-after tax benefits, a move designed to reinforce the city’s global competitiveness against rival centers like Hong Kong and Dubai.
Key changes were outlined at the Global-Asia Family Office Summit, including:
- Reduced application paperwork and simpler reporting obligations, addressing direct industry feedback about operational burdens.
- A reconsideration and potential expansion of the types of investments eligible for tax incentive schemes.
- Processing times for tax incentives have already been cut sharply — with most new applications now approved within 3 months, down from as long as a year previously.
These regulatory adjustments complement other 2025 updates: Singapore has refined local business spending requirements, adopted a tiered approach based on fund size, and focused AUM thresholds on ‘Designated Investments’. Together, these measures are designed to welcome top-tier families, while ensuring the continued integrity of Singapore’s financial sector.
The message from MAS is clear —Singapore values both its regulatory reputation and industry feedback, and will continue to work with practitioners to ensure policies remain practical and competitive in today’s wealth environment.
For families, advisors, and co-investors considering their next chapter in Asia: Singapore’s guardrails are now easier to navigate than ever — without compromising trust, speed or breadth of opportunity.
Source: Singapore to Ease Requirements for Family Office Tax ... https://lnkd.in/eKewJaQJ
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For more information please contact Michael Velten.
michael@veltenadvisors.com
+6590687547
37 Ann Siang Rd, Singapore 069715
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