While Family Offices (FOs) are rapidly emerging in Asia Pacific, the term “family office” is often a misunderstood and complex structure.
What constitutes as FOs and what functions do they serve?
This report – prepared by DBS Bank and consultancy firm EY – offers guidance and insights that seek to uncover what is involved in setting up and running a family office. It also zooms in on other related key aspects such as compliance obligations and other cross border issues that FOs often face, as well as how families, can navigate the pathways for succession planning, wealth preservation and access investment opportunities
The publication includes some of the key home jurisdiction tax considerations that may need to be considered by FOs when setting up their investment vehicles in Singapore and Asia Pacific. From Singapore’s perspective, these include fund tax incentive schemes which fall under the purview of the Monetary Authority of Singapore (MAS).
Download the full report for more details.
