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Singapore Family Office

A Singapore Family Office refers to the establishment of two companies by the main applicant in Singapore: a fund company and a family office. Through the family office, the main applicant can engage in investment management and oversee their own assets, while benefiting from the tax exemption program provided by the Monetary Authority of Singapore for family offices. Additionally, the main applicant can obtain an Entrepreneur Pass (EP) as a self-employed professional, enabling them to achieve immigration to a major country, plan and allocate their assets, and facilitate wealth succession. After holding the EP for a minimum of 6 months and meeting the requirements, the main applicant can apply for Singapore permanent residency (PR). The spouse and unmarried children under 21 years old can apply for Dependant's Pass (DP), while parents can apply for Long-Term Visit Pass (LTVP) for extended stays in Singapore.

Singapore Family Office Application Requirements

1. Minimum liquid assets of at least SGD 1,000,000, with a commitment to managing assets reaching a scale of SGD 20,000,000 within two years

2. The main applicant must be 21 years old or above, demonstrating the capability and suitability for asset management

3. Ability to provide a comprehensive explanation of wealth accumulation process and the sources of funds

 

4. No criminal or adverse records

5. Operational expenditure of at least SGD 200,000 per year

6. Each structure must have a minimum of two asset managers

7. 10% of the total managed assets must be invested in Singapore

Singapore Family Office Application Process

KYC and Background Check

The Global Project Department, along with lawyers, completes the client's KYC (Know Your Customer) process and conducts background checks

Registration of Singapore Company and Opening of Singapore Corporate Account

Assistance is provided by the Global team in registering the Singapore Family Office and opening a corporate account in Singapore

Final Approval from the Monetary Authority of Singapore (MAS)

Assistance is provided to the client in obtaining the final approval from the Monetary Authority of Singapore, along with an exemption letter for licensing

Preparation of Application Materials

Preparation of the required documents for the initial review by the Monetary Authority of Singapore

Submission of Singapore EP Application and Obtaining EP

Assistance is provided by the Global team in submitting the Singapore Entrepreneur Pass (EP) application, assisting with the preparation of additional documents if required, and obtaining the approval letter for the EP

Execution of Investment Plan

After receiving the exemption letter from the Monetary Authority of Singapore, the client can proceed with executing their financial investment plan

Submission and Interview with the Monetary Authority of Singapore

Submission of the application and completion of an interview with the Monetary Authority of Singapore for the initial review

Submission to Monetary Authority of Singapore for Final Approval

Submission of the application and waiting for the final approval from the Monetary Authority of Singapore

Why do Globevisa chooses Singapore office?

Perfect product line makes you worry-free

It has opened more than 200 projects covering venture capital immigration, skilled immigration, passports, visa services, overseas education and overseas real estate, company registration, bank account opening, pension reunion and childbirth, identity renewal, etc., covering more than 40 countries and regions. With a complete vertical product line, tailor-made overseas plans for you.

​ The project development team makes you feel at ease

Globevisa International Project Development Center is composed of more than 100 people from more than 20 countries around the world, including professional business experts and investment experts. It always adheres to the principle of taking the law as the foundation, taking safety, effectiveness and risk as the principle, and taking project safety as the benchmark to do our best. Efforts are made to ensure the security of customer assets and identity acquisition, so that customers can rest assured.

Online service allows you to communicate without worry

Globevisa provides customers with a VIP member center system, online query of project progress and cost details, which is convenient and fast. Independent research and development of IM customer communication APP, using advanced data encryption technology. Protect customer privacy throughout the process. Exclusive consultant one-on-one service, private conversation, encrypted group chat. Safety first, privacy first.

Good relationship allows you to submit worry-free

In order to enable customers to obtain immigration information in a more timely manner, Globevisa has maintained good relations with governments, embassies, overseas banks, funds, etc. for a long time. Our professionalism and credibility have been praised by many overseas governments. At the same time, government officials also Went to Global China many times to have one-on-one in-depth exchanges with our customers.

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