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Singapore – an alternative jurisdiction for Single Family Offices

9 September 2020

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Single Family offices (SFOs) are a type of private wealth management structure designed to meet the needs of Ultra-High-Net-Worth Individuals (UHNWIs). SFOs offer a holistic solution for managing the affairs and finances of an UHNWI’s family. While family offices are well-established in North America and Europe, the exponential growth of SFOs in Asia is more recent.

The number of family offices in Singapore has boomed in recent years. Between 2017 and 2019, it increased by fivefold, as estimated by the Monetary Authority of Singapore (MAS). Asian Private Banker1 also ranked the country as the leading offshore wealth management hub, and expects Singapore to attract offshore wealth at a growth rate more than double that of Switzerland.

This guide, which was produced in collaboration with Deloitte Singapore, highlights the benefits Singapore offers to SFOs.

Click here to download the guide now.

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