Family Office

Team

Eligibility Criteria

  • 21 years old and above
  • Have a higher education qualification, work experience, or investment experience ( at least one of these conditions)
  • Have at least SGD 5 million in Cash Equivalents
  • Provide proof of a reasonable funding source.
  • Firstly, establish a holding company. This holding company holds 100% shares of the family office and manages the assets of that specific family.
  • The holding company is established and wholly owned two companies: one being an investment fund company and the other being the family office.
  • The main applicant provides fund management services to fund companies through a family office and is subject to the tax exemption scheme (13X/13R) for Singapore funds.
  • The main applicant obtains an Employment Pass (EP) by managing their own family’s assets through the family office.
  • Holding an EP for 12 months qualifies for PR application in Singapore, facilitating major migration and consolidating identity, asset planning, and wealth succession in a single step.
  • Low Requirements-No academic qualifications or English required
  • Not Residing-No residency requirement
  • Special Tax Exemption-Monetary Authority of Singapore (MAS) special approval for tax exemption and license exemption
  • Family Migration-Safe and stable social environment
  • No Operation Required-Compared with general self-employed EP, there are no company operation requirements
  • Singaporean Identity-Obtain Singapore tax residency
  • Overseas Assets-Realize overseas asset allocation
  • Wealth Inheritance-Wealth management for family succession
  • Stable Renewal-The applicant establishing a family office operates in a self-employed capacity, not subject to an employer, ensuring assured EP renewals
  • Autonomous Control-EP approved before investment, granting clients full investment autonomy

Family Office Application Process:

  • Stage 1

    · In communication with clients regarding their needs

    · In assessment and signing contracts

    · Collecting client information or setting up a single office structure

    · Registering a company in Singapore and establishing its structure

    · Set up personal and corporate bank accounts

    · Partial capital injection

  • Stage 2

    ·  Preparation, submission, and completion of the Monetary Authority of Singapore (MAS) licensing exemption materials, along with conducting the interview

    ·  MAS approved

    ·  Tax exemption data preparation and submission

    ·  Pass approval

  • Stage 3

    ·  Preparation and submission of documents required for an Employment Pass (EP) work visa

    ·  Obtaining an In-Principle Approval (IPA) for the EP

    ·  Log in to take fingerprints, medical examination, and obtain an EP card

    ·  Execute the investment plan

Visa type

Permanent Resident

Processing cycle

4 to 8 months

Investment amount

S$5 million

Residency requirements

None

Type of immigration

Investor Immigration