Empowering families on their wealth planning journey in Singapore has been saved
Empowering families on their wealth planning journey in Singapore
Setting up a single family office
Deloitte and Bank of Singapore have collaborated to launch a publication which provides insights on the benefits and challenges of establishing a single family office in Singapore.
The pandemic has prompted many wealthy families to reconsider their plans to prepare against future uncertainty. As more high net worth families hold assets and residencies across borders, the importance of succession planning, wealth preservation and wealth transfer has never been higher. From political and economic stability to excellent infrastructure, Singapore has become an ideal location for global families to establish a single family office with an attractive tax regime.
This report is designed as a guide for high net worth individuals and their families evaluating their needs on setting up a single family office in Singapore to help manage their private assets and wealth and support an enduring legacy for their future generations.