Family Office
Tailored Service
The concept of family offices has been around for years in Europe and the United States to help the super-rich pool family wealth and tailor wealth management strategies to their needs so that family wealth can be passed onto future generations. With the huge increase in wealth in Asia, Asia became the fastest growing region for high-net-worth individuals (HNWI), creating a region with a high concentration of wealth.
Singapore is a leading financial center, known for its strong political regime, pro-business relations, rich investment resources, and solid private banks. Singapore is also home to asset management, legal and wealth management professionals, making it an ideal location for high-net-worth families in Asia to set up their family offices.
Each family office must be tailored to the family’s requirements and take into account on various factors, such as
1. Goals in setting up a family office
2. Type of assets for the family office
3. Investment strategies and mandates for family offices
4. Regulatory requirements and tax benefits
Singapore Family Office Set up Process:
1. The setting up and implementation of a single-family office
2. Structuring of family offices
3. Compliance policies and implementation
4. Assist in tax planning, immigration and resettlement matters
5. Setting up legal entity for family office.
6. Assist in obtaining tax incentives and liaise with relevant government departments
Pathway to a successful Family Office
The setup of a Family Office should be tailored to the needs and requirements of each family. Below are the broad steps and questions to address in order to build a successful Family Office.
Typical Single Family Office Structure
Singapore family office Tax Incentive Scheme
FXHB is a MULTI-FAMILY OFFICE (MFO)
You may choose to engage FXHB MFO services to achieve cost and time efficiency.
Set up an SFO or appoint FXHB MFO?
