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Set up Singapore family office immigration
What is a family office?

A family office is a consulting company that provides private wealth management consulting. It is usually set up by wealthy families. In the form of an expert advisory group, it provides various professional management consulting and operational services from the perspective of family considerations.

Mainly for wealth management for family businesses and family members, including handling investment management, tax planning, estate planning, daily finance, corporate management, listing consulting, charitable donations, trusts and related legal matters, and also handling such things as education, security, and property management To solve the problem of inheritance of family wealth.

The purpose of the family office is to maintain and pass on family wealth.

  • Wealth planning

    ·Family plan

    ·Family cultural heritage

    ·Family governance

    ·Family constitution

    ·Charity program

    advisory

    ·Liquidity planning

    ·Taxation

    ·legal

    ·Risk Management

    ·Compliance and policies

    ·Educational programs for future generations

  • Wealth management

    ·Corporate Bank/Investment Bank (in cooperation with Overseas Chinese Group)

    ·Asset allocation

    ·Investment and trading

    ·Discretionary

    ·Private custom type

    ·Real estate management

    ·Charity project management

    New affairs

    ·Corporate Services

    ·Summary and reports

    ·Recording and filing

    ·Tax declaration and tax filing

    ·Lifestyle management

    ·concierge service

What are the benefits of setting up a family office?

1、Establish a long-lasting family tradition and realize the inheritance of family culture

2、Integrated risk management

3、Service centralization

4、Planning for future generations

5、Reach a consensus on family unity through unifying values

6、Privacy

7、Potentially high returns

Singapore is the ideal office family

·Perfect laws, mature and stable financial market
·Realize overseas asset allocation
·Tax havens can obtain tax resident status and avoid CRS
·Realize the appreciation and inheritance of family wealth
·Single-family office can be exempted from license
·Endorsement by the Monetary Management Bureau and the Taxation Bureau to realize family immigration

How to set up a single family office

1. Set up a holding company
2. Set up a single-family office and investment fund wholly owned by a holding company
3. Single-family office manages family wealth through investment funds
4. For the management of family wealth, family members can manage it themselves, or hire a professional fund manager to manage it.

Immigrate to Singapore through a family office

You can immigrate to Singapore by setting up a family office. According to the scale of asset management, according to the scale of asset management, green cards can be directly obtained through the family office of the Global Investor Program. Or apply for EP through a holding company to gradually realize Singapore immigration.

Singapore family office establishment and EP application process
1

The first month

Week 1

Arrange a meeting with the HKMA Collect relevant company registration documents and related information for fund management companies

Week 2

PPT prepared for meeting with the HKMA Keep the name of the fund management company

Week 3

The client reviews and approves the PPT to be submitted to the HKMA

Week 4

Submit PPT to the HKMA

2

Second month

Week 5

Rehearse meetings with the HKMA with clients Meeting with the HKMA

Week 6

Rehearse meetings with the HKMA with clients Meeting with the HKMA

Week 7

Submit the work pass application form to the human resources department (if required) Submit the application form for MASNET account

Week 8

Prepare architecture migration steps for customers to review

3

Third month

Week 9

The tax accountant provides steps to migrate the client structure. At the same time, prepare a complete tax analysis report The HKMA will complete the establishment of a MASNET account and prepare the 13X/13R tax concession application form and other related application documents

Week 10

The client reviews and confirms the submission of the 13X/13R tax incentive application form and other relevant application documents

Week 11

Client submits application form through MASNET account

4

Fourth-fifth month

Week 12 to 19

The HKMA reviews and evaluates applications and notifies the results of applications The tax agent will send the final and complete tax analysis report to the client