• Singapore Funds and Family Office Update

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Newsletter:

Singapore Funds and Family Office Update

26 February 2019

Kylie Luo , Executive Director, Private Client Services |

The widely anticipated Budget 2019 was announced on 18 February 2019. It announced vital changes impacting family offices in Singapore.

Existing tax incentives relevant to family offices were refined, expanded and extended, providing greater flexibility for funds and investors, in a move to further attract private clients to choose Singapore as a base for their family offices. The enhancement of the tax schemes also coincides with the new legislation in respect of economic substance which now, may have investors in doubt over their preference of certain asset holding jurisdictions that had been popular in the past. More of this is discussed in this tax alert.

Please reach out to us if we can assist you in any way.

 

备受期待的2019年新加坡财政预算案于2019年2月18日公布。预算案公布了重大变化,这些变化将对新加坡的家族理财室产生重要影响。

预算案对家族理财室相关的现有税收优惠措施进行了完善、扩大和深化,这为基金和投资者带来了更大的灵活性,其目的是为了进一步吸引私人客户选择在新加坡设立自己的家族理财室。税收计划的强化措施也与经济实质方面的新法规不谋而合,目前,这可能让投资者对他们过去一直偏爱的某些资产持有地区产生动摇和疑虑。本期税务快讯探讨了很多这方面的课题。若我们能以任何方式为您提供协助,请与我们联系。

(Note: Available now in English and Mandarin)