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Everything you need to know about setting up and succeeding in Singapore
Private service
What is a family office?
A family office is a consulting firm that provides private wealth management advice. Typically established by the family itself, it is responsible for the daily management and supervision of the family's assets and investments, with the goal of preserving and passing on family wealth.
The original text in this field cannot be translated because it contains code-like content. #Singapore Fund Incentives, applicable schemes are as follows:
✓ 13CA Scheme – Offshore Fund Tax Relief Scheme
✓ 13R Scheme – Onshore Fund Tax Relief Scheme
✓ 13X Scheme – Enhanced Fund Tax Relief Scheme
Family Governance and Inheritance Advisor
Singapore Family Office Establishment Process
Why are family trusts involved in overseas family office structures?
The Role of Family Trusts
Inheritance Planning
Exemption from Probate
Trust assets can be distributed to beneficiaries in stages, without the need for a one-time distribution.
If the founder loses capacity, the trustee can pay for medical expenses, living expenses, etc., from the trust assets.
Asset protection, preventing third-party claims on assets in the event of divorce/separation. It can also protect assets.
Difference between Trust and Will
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Trust |
Will |
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A trust is a confidential arrangement. |
A will is a public document. |
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Confidential distribution plan |
Public distribution plan |
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Exemption from probate |
Requires probate |
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Asset protection |
Easily challenged |
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Provides flexible asset allocation, prioritizing the best interests of the trust beneficiaries. |
Everything is predetermined and lacks flexibility. |
EntrePass
This work visa is for serial entrepreneurs, high-caliber innovators, or experienced investors who want to set up a business in Singapore.
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Who is this for? |
Qualified foreign entrepreneurs who wish to start and operate new businesses in Singapore. |
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Minimum Salary |
There is no prescribed minimum salary. |
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Visa Validity |
• Newly approved or first renewal: 1 year • Subsequent renewals: 2 years |
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Renewable? |
Yes, subject to renewal criteria. |
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Dependant Pass |
Applies to certain family members of the EntrePass holder. |
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Foreign Worker Levy or Quota |
No foreign worker levy or quota required. |
Basic Requirements for Entrepreneurial Immigration
Register and establish a Singapore-based private limited company
Or invest in a Singaporean startup (company registered for less than 6 months)
Meet any of the following innovation criteria to apply as an entrepreneur, innovator, or investor.
You do not need to meet all the conditions of each profile or type, but having more qualifications will help your application.
Entrepreneur
Funding from government-approved venture capitalists or angel investors
Incubated company in a government-approved incubator or accelerator
Business network and entrepreneurial track record
Innovator
Possession of intellectual property
Research collaboration with Singapore universities or relevant research institutes
Outstanding achievements in key professional fields
Investor
Has a proven track record in business investments and wishes to develop new or existing businesses in Singapore.
The following industries are not allowed
Coffee shops, hawker centres, food courts
Bars, nightclubs, karaoke
Foot massage, massage parlours
Acupuncture, traditional Chinese medicine, herbal shops
Employment agencies, feng shui shops
Relevant Knowledge
Singapore Office：6 Raffles Quay, #14-02——#14-07, Singapore 048580
Tel：+65 6717 0088
E-mail：marketing51@fozl.sg
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