Singapore has become the preferred destination for family offices. The city-state recorded over 1,500 family offices by the end of 2022.
Before establishing a family office, families must identify which corporate structure aligns most effectively with their business requirements.
Singapore’s Wealth Management Institute introduced two new initiatives to deepen the integration of family offices into the national economy.
The latest issue of ASEAN Briefing Magazine, titled “Establishing a Family Office in Singapore”, is out now and available to subscribers as a complimentary download.
The Monetary Authority of Singapore is proposing a regulatory framework for single-family that would allow it to enhance its defense against money laundering in the SFO industry.