Navigating Singapore’s family office boom: Essential strategies for success

Quick Summary:

By the end of 2023, the number of single-family offices (SFOs) in Singapore awarded tax incentives soared to 1,400, marking a 27 per cent increase from the previous year.

Singapore has become a haven for the ultra-wealthy, providing a secure and dynamic environment for growing and managing fortunes.

Recent policy changes by MAS have prompted family offices to invest more purposefully in local enterprises, sustainable development projects, and philanthropy.

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Article Details

Author / Journalist: Jeremy Tan

Category: StartupsTechnology

Markets: Singapore

Topics: Finance Investments Community

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 03:39:06 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 1 lines

Sentence Length: 621 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 21669495

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 10 posts per day

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Headquarters: Singapore

News Last Updated: 10 hours ago

Coverage Areas: Singapore

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Publisher ID: #10

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