13O/13U

Singapore Family Office

A Singapore SFO is a purpose-built structure for managing a family’s global wealth, governance, and legacy.

No fund management license is required when managing only proprietary assets — ensuring discretion with regulatory clarity.

With tax exemptions under 13O or 13U, eligible SFOs gain structural efficiency, provided they meet defined hiring, spending, and AUM thresholds.

Singapore’s appeal lies in its unmatched neutrality, investor-first policies, and legal stability — offering global families certainty in a volatile world.


Key Advantages

1

Tax Clarity, Not Complexity:MAS-backed tax exemption — no grey zones, no surprises

2

Designed for Generational Wealth:A compliant, lasting structure for control, legacy, and peace of mind

3

Global Investing, Zero Tax Drag:Access international markets without erosion from unnecessary tax leakages

4

No Fund License, No Headaches:Manage your own wealth — no licensing, no regulatory overreach

5

Asia’s Most Trusted Financial Hub:Triple-A rated, politically neutral, and globally respected

6

Built for Expansion, Not Just Preservation:13U supports professional hiring, regional HQ setup, and family relocation

7

Reputation-Proof, Future-Ready:Operate with credibility in a jurisdiction built for transparency and security

8

One Structure, Many Doors:Family office presence can open pathways to residency, global mobility, and next-gen education

Who This Is For

Legacy Architects

Global Diversifiers

Tax Strategists

Mobility Planners

Eligibility Criteria

Applications before 31 December 2029 secure a lifetime tax-exempt status, delivering enduring fiscal certainty.

To be approved for the section 13O or 13U schemes, fund vehicles managed by family offices must meet certain criteria in relation to AUM, investment professionals, spending, capital deployment and maintaining private banking accounts.

All new tax incentive applications for fund vehicles managed by family offices must be accompanied by a screening report issued by a Screening Service Provider from 1 October 2024 onwards.

Qualifying Investments (13O / 13U)

  • Global Equities & Bonds
    Listed or unlisted shares, government and corporate debt securities — including those outside Singapore.
  • Investment Funds
    Units in actively managed funds, hedge funds, private equity, and VC funds that meet licensing or exemption standards.
  • Private Equity & VC Deals
    Direct investments into startups or private businesses globally — aligned with family impact or legacy goals.
  • Real Estate (Limited Scope)
    Indirect investments through qualifying REITs or funds. Direct property ownership is excluded.
  • Bank Deposits & FX
    Actively managed cash holdings and foreign currencies as part of asset allocation strategies.
  • Financial Derivatives
    Risk management instruments (e.g., options, futures, swaps) when used prudently and for hedging.
  • Digital Tokens (Limited & Regulated)
    Only specific digital tokens permitted under MAS regulations — tightly defined and monitored.
  • Singapore-Angled Investments
    Enhanced incentives apply for qualifying investments in Singapore-based startups, funds, or impact-driven enterprises.

13O / 13U Application – Key Steps

1

Structure

Set up a Singapore fund entity and define family office operations.

2

Align with MAS

(Optional) Conduct informal pre-consultation to confirm eligibility.

3

Prepare & Submit

Submit a detailed business plan and required documents via MAS portal.

4

Review & Clarify

MAS may seek clarification. Typical processing: 2–4 months.

5

Approval

Accept MAS offer and commit to AUM, spending, and hiring targets.

6

Ongoing Compliance

Maintain qualifying investments and submit annual declarations.

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