Family office in Singapore is a way of life in Singapore, and many people may not know much about it. In fact, this policy is a plan in Singapore's investment promotion plan. As we all know, in order to attract more highly educated talents and more meaningful companies, various countries will introduce various existing policies, and Singapore is also a big country that introduces a large number of large enterprises with various existing policies. Fujin Group Co., Ltd., a Singapore immigration company, shows that the Singapore family office means the existing policy to help high-net-worth families get better, longer-term and high-speed development in Singapore.

After all, investment management companies and their quotas are an existing policy for high-net-worth people, and there are certainly many standards. Because Singapore wants to introduce large enterprises, it is also the family office that can really generate value in Singapore. Applicants for family offices in Singapore must invest in Singapore projects to set up fund companies and their fund management companies. The registered address of the company as a legal person is Singapore, in other words, the company is located in Singapore. The assets managed by the fund company are above $5 million.

Singapore is located on the south side of Malay Peninsula, at the entrance and exit of Malacca Strait, adjacent to Malaysia across Johor Strait in the north and facing Indonesia across Singapore Strait in the south. It consists of Singapore Island and 63 surrounding islands, of which Singapore Island accounts for 88.5% of the national area. The cargo on Singapore Island is about 50 kilometers, and it is about 26 kilometers from north to south. In 1960s, the land area of Singapore was 58 1.5 square kilometers. After long-term land reclamation, it has increased by 25%, with a land area of 728.6 square kilometers. Government departments plan to recover more than 65,438,000 square kilometers of land by 2030. Singapore belongs to the East 8 time zone and has no daylight saving time, so there is no time difference with Beijing.

Overview and general framework of family office requirements in Singapore: Family offices in Singapore generally include two enterprises, one is a fund company, which owns all kinds of property owned by a large family, and the other is a fund management company (also known as a single family office), which provides equity investment fund services for fund companies. Fund companies can apply for tax exemption schemes in Singapore Income Tax Law 1947, namely 13O Scheme and 13U Scheme. Fund management companies can employ family members and local professional investors as market analysts according to the management methods in family fortune. Applicants can serve as executive directors of fund management companies, and eligible family members can serve as market analysts to apply for work permits in Singapore (EP

Although Singapore's new family office immigration policy is a form of attracting investment in Singapore, there are many standards. For example, the operating cost of a family office in Singapore is more than S $200,000, and the annual operating cost includes employee salaries and company rent. The property managed by the family office must reach $5 million. These are all related requirements in this policy, and we must pay attention to them.

Monetary authority of singapore requires that a privately-run fund company must be able to invest at least 65,438+00% of its asset management scale or 654,380+million Singapore dollars (whichever is lower) in "local project investment" in Singapore at any time. If the borrower fails to meet these conditions at the time of application, the fund company will have a one-year buffer period to meet this standard. 13U and 13O are the same as the current policies and must meet the minimum standards of "local project investment".