Funds and Family Offices in Singapore - Tax Incentives
19 July 2019
As announced during the Singapore Budget 2019 on 18 February 2019, several key changes were surrounding the Fund Tax Incentives in Singapore, which consequently, impacted both current and prospective Singapore family offices. The Fund Tax Incentives were refined, expanded and extended to ensure greater flexibility for funds and investors by relaxing the barriers to entry as well as enhancing the coverage of investments. The changes are very much welcome in the family office scene in Singapore, especially with the increased scrutiny on the economic substance in popular offshore jurisdictions coupled with the rising need for family governance.
Since then, the Monetary Authority of Singapore has recently released further details that encapsulate some of these critical changes announced during the Budget 2019. We discuss these changes in the updated BDO Private Client Services Family Office Brochure. Please reach out to us if we can assist you in any way.
新加坡金融管理局(Monetary Authority of Singapore) 新近公布了进一步的细节，涵盖了2019年预算期间宣布的一些关键变化。我们BDO全球私人客户服务组在最新出版的家族办公室手册中探讨了这些变化。若我们能以任何方式为您提供协助，请与我们联系。
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