Family Office Related Expenses

Family Office Related Expenses
  • Designing Family Office Structures and Due Diligence
  • Company Registration Services
  • First-Year Corporate Secretarial Services
  • Drafting Documents Required by the Monetary Authority of Singapore
  • Application for License Exemption from MAS
  • Application for Tax Incentives and Exemptions
  • Drafting a Family Office Investment Proposal
  • Employment Pass Application Services
  • Lawyer Services
  • Drafting Investment Management Contracts
  • Assistance in Opening Private Banking Accounts

Intermediary Service Fees

Cost: SGD 9600
Payment Timeline
  1. At the signing of the contract, an initial service fee of SGD 5600 is required. If the applicant does not receive approval from the Monetary Authority of Singapore, a deduction of SGD 2000 will be made, and the remaining balance will be refunded to the applicant.
  2. After receiving approval from MAS, the client is required to pay the second installment service fee of SGD 2000 within one week. If the applicant does not receive the approval letter issued by MOM, a deduction of SGD 3800 will be made, and the remaining balance will be refunded to the applicant.
  3. After obtaining the In-Principle Approval (IPA) for the Employment Pass (EP), the client is required to pay the third instalment service fee of SGD 2000 within one week.

Overseas Service Fees

Cost: SGD 94000
Payment Timeline
  1. The applicant is required to pay the first installment service fee of SGD 27000 within one week after signing the contract. If the applicant does not receive approval from MAS, a deduction of SGD 13500 will be made, and the remaining balance will be refunded to the applicant.
  2. The applicant is required to pay the second installment service fee of SGD 40000 within seven working days upon receiving approval from MAS. If the applicant does not receive the In-Principle Approval (IPA) issued by MOM, a deduction of SGD 40000 will be made, and the remaining balance will be refunded to the applicant.
  3. Within one week of receiving the In-Principle Approval (IPA) for the Employment Pass (EP), the applicant is to pay the third instalment service fee of SGD 27000
Service Fee Included
  1. Local company registration services and private bank account opening services in Singapore.
  2. Other out-of-pocket expenses associated with third-party involvement will be based on the actual expenses incurred, including but not limited to:
  • Singapore Company Maintenance Costs (e.g. local director)
  • Medical Examination Fees
  • Notary Fees
  • Translation Costs