For families considering a Singapore single family office (SFO), almost every conversation eventually narrows to a single question: 13O or 13U? These are the two principal fund tax incentive schemes under Sections 13O and 13U of the Income Tax Act 1947 that, when granted by the Monetary Authority of Singapore (MAS), can exempt qualifying investment [...]
Singapore has cemented itself as Asia's leading family office hub. The Monetary Authority of Singapore (MAS) reported that the number of single family offices in Singapore had crossed 2,000 by the end of 2024, with the trajectory continuing to climb through 2026 as more high-net-worth families and Asian principals consolidate their wealth-management activities here. Yet [...]
Singapore has emerged as Asia's premier hub for single-family offices, with the Monetary Authority of Singapore (MAS) reporting more than 2,000 single-family offices established by the end of 2024 — a number that continues to grow despite tightened criteria. The combination of political stability, sophisticated financial infrastructure, deep capital markets, and the headline tax exemption [...]