The concept of the Singapore Single Family Office (SFO) is to manage the wealth of ultra-high-net-worth families. It serves as a private and independent wealth management firm set up by the family to oversee day-to-day administration and provide comprehensive management of the family’s assets. Its primary goal is to assist families in preserving, growing, and transferring their wealth to the next generation and future generations.
There are primarily three types of family offices in Singapore: 13D, 13O, and 13U.
The main applicant is required to set up two companies: one as a fund company and the other as a Family Office. Through the Family Office, the applicant can engage in investment and financial management while overseeing their assets. This allows them to benefit from the tax exemption scheme for family offices provided by the Monetary Authority of Singapore (MAS).
Furthermore, the main applicant is eligible for an Employment Pass (EP). Spouses and unmarried children under the age of 21 can apply for Dependant Passes (DP), while parents can apply for Long-Term Visit Passes (LTVP). Approximately two years later, the main applicant becomes eligible to apply for Singapore Permanent Resident status (PR), thus achieving genuine investment immigration.
Enjoy tax exemptions on specific income derived from designated investments.
A robust financial system with no foreign exchange restrictions, allowing access to global markets.
Achieve Singapore tax residency by obtaining an Employment Pass (EP) and exempt from Common Reporting Standard (CRS) requirements.
Spouses and unmarried children below 21 years of age can apply for permanent residency together.
Fulfill the criteria for Singapore Permanent Residency (PR) through an Employment Pass (EP), facilitating relocation to Singapore.
The establishment of a Family Office ensures the preservation and growth of family wealth for generations, creating a lasting family legacy.
While the applicant holds an Employment Pass (EP), their spouse and unmarried children under the age of 21 can apply for Dependant Passes (DP).
When the applicant applies for Permanent Resident (PR) status, their spouse and unmarried children under the age of 21 can submit PR application together as accompanying applicants.
The applicant's parents and children who are 21 years or older cannot apply for PR together but can apply for a Long-Term Visit Pass (LTVP) with a validity of 5 years.
Understand the family's goals and recommend a Family Office structure.
Submit the preliminary application to the Monetary Authority of Singapore (MAS).
Apply for an Employment Pass (EP).
Open a private bank account.
Obtain EP approval and successfully open a private bank account.
Submit supporting documents and the formal application to the Monetary Authority of Singapore (MAS).
Receive the award approval letter from the Monetary Authority of Singapore (MAS).
The whole family can immigrate to Singapore within 3-6 months.
Well-versed in Singapore's immigration policies, regulations, and compliance.
Our local bilingual team will draft, refine, and prepare immigration plans and all application materials in both Chinese and English.
Enjoy personalized, one-on-one service tailored to your immigration needs.
We strictly adhere to regulations regarding the applicant's private and confidential information throughout our application process.
We strictly adhere to regulations regarding the applicant's private and confidential information throughout our application process.
We offer comfortable settlement services, including airport transfers, rental of accommodations, recruitment of drivers or domestic helpers, and more.
Services for identity renewal, global business development, investment & real estate, and overseas identity planning.
Offers diversified investment opportunities, covering overseas hotel properties, real estate, nursing homes, and overseas immigration projects.
