Singapore Family Office Part 1

This episode, one of two talks covering the lifecycle of a Singapore Single Family Office, will discuss and consider initial tax considerations on set up of a Single Family Office and the governance implications of the current COVID-19 crisis, ending with a discussion of immigration incentives to establish a Single Family Office.

 

Single Family Office: Setup Taxation (Kylie Luo, Executive Director, Private Client BDO)

1. Overview: Family Offices in Singapore

- Growth in Single Family Offices | Anticipated Impact of covid-19 crisis

- Reasons why clients set up a Single Family Office

- Key features of Singapore Single Family Office

2. Initial Considerations - Comparison of Tax Implications

- Overview of the fund incentive schemes with 13R and 13X being the key schemes

- Similarities and differences in terms of the requirements and typical structures

- Current trends, including the recent popularity for 13R due to the shift away from offshore jurisdictions but also the benefits that remain for 13X for some clients

- Ongoing reporting and compliance requirements for the Family Office structure

 

Single Family Office: Governance Challenges (Zac Lucas, Partner, Spencer West)

Overview

– Key Challenges | Covid-19 Crisis | Significant Investment Losses

- Investment Strategy and Oversight – Accountability Framework | Family Investment Committee

- Fraud and Abuse of Power – Best Practice Countermeasures

- Employment Policy – Appointment and Removal Family Members

- Litigation Risk Exposure – Professional Trust Company

- Litigation Risk Exposure – Private Trust Company (PTC)

- Litigation Risk Exposure – Settlor | Reserve Power Holder

 

Single Family Office: Emigration (Dominic Volek, Managing Partner, Head of Southeast Asia, Henley & Partners)

- Singapore Global Investor Programme (GIP)

– Using a Single Family Office as a Fast Track to Singapore Permanent Residence -

Investment Migration - General Overview

 

Webinar audio recording dated 23 Apr 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer