Family Office

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
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

Visa type

Permanent Resident

Processing cycle

4 to 8 months

Investment amount

S$5 million

Residency requirements

None

Type of immigration

Investor Immigration

Cost: SGD 9600

Payment Timeline

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.
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.
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.

Cost: SGD 94000

Payment Timeline

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.
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.
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