Family Office

The family office is an effective tool to help the family arrange financial and other affairs for long-term and comprehensive services such as asset preservation, inheritance, and investment management.

In the past two years, it has been widely favored by families with certain wealth accumulation. At present, there are more than 10,000 single family offices (SFO) worldwide, more than half of which were established within the past 50 years.

According to data from Forbes in January 2020, nearly half of the $9 trillion assets of the world's billionaires are managed by family offices. Most multi-generational families or families often use the services of family offices. Family offices help these high-net-worth families safely survive the financial market "storm" caused by the global epidemic and economic recession in 2020.

A family office is the ideal form of family wealth management.

The Singapore family office is also an immigration program launched by the Singapore government for high-net-worth individuals. Through the establishment of a family office, rational allocation and management of family assets, establishment of a good tax structure, ensuring the inheritance of the total assets as much as possible, and realizing the immigration of the entire family and assets.

In general, using a Singapore family office to handle immigration can not only effectively manage family assets, but also ensure the preservation and appreciation of assets. After the family office operation meets the government requirements, it can also apply to become a permanent resident PR in Singapore.

Advantages of a family office:

· Singapore tax residency status;

One of the ways to immigrate to Singapore (EP work permit → PR permanent residence → citizenship);

· Singapore funds enjoy tax exemption;

· During the period of maintaining EP status, there is no immigration supervision, and the employment time includes overseas travel time;

· One of the ideal "places" for overseas wealth of high-net-worth clients;

· EP status is approved first before investing, and the investment initiative is completely in the hands of customers;

· The applicant’s establishment of a family office belongs to the form of self-employment and is not subject to the employer, and the EP renewal is guaranteed.