Family Office

 Help support your family offices and business growth in Singapore and regionally

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A family office can be broadly defined as an arrangement to manage the financial and other affairs of a high net worth family for the purposes of capital preservation, succession planning and managing investments. 

 

In recent years, Asia is experiencing a rapid creation of wealth and rising affluence, and thus family offices are becoming increasingly popular. 

 

There has been a reported increase in the number of family offices, or private investment vehicles, being set up in Singapore. According to Reuters, over the period between 2015 and 2017, the number of family offices in Singapore has quadrupled. 

 

Choosing the location of your family office is important. Singapore has become a popular choice, as it is a well- regulated international financial center and wealth management hub located in the heart of Asia. Furthermore, offshore income is, by and large, not taxed and onshore income is often lowly taxed due to Singapore’s territorial tax system. There is also no capital gains tax nor inheritance tax. 

 

Family offices administered in Singapore can also take advantage of Singapore’s extensive network of comprehensive double tax treaties or agreements as well as potential tax exemption under various government schemes. Ultimately you get to decide exactly how the family office will serve you and your family. For some individuals, setting up a private trust company could provide the ideal solution in terms of confidentiality, flexibility and efficiency. 

 

We provide yourself comprehensive suite of business solutions to support your family offices and business growth in Singapore and regionally. We take care of your non-core but critical functions so you can focus on generating revenue and growing your family offices and business. 

family office chart

Talk to us

Interested to learn more about JWB Consultancy, contact us:-

Via Mobile

+65 8200 8409  

+65 9022 4639

Via eMail

jimmy@jwbconsultancy.com

benjamin@jwbconsultancy.com

Our Location

7 Temasek Boulevard, Suntec Tower One, #32-01, Singapore 038987