Setting Up a Family Office in Singapore: What You Need to Know in 2026
Why Singapore for Your Family Office?
Singapore has positioned itself as Asia's premier wealth management hub. With zero capital gains tax, a robust legal framework, and access to Southeast Asia's fastest-growing economies, it is the natural choice for UHNWI families looking to establish a permanent wealth management base.
The Two Key Tax Incentive Schemes
Section 13O (formerly 13R)
Designed for mid-tier family offices with a minimum AUM of SGD 20 million. Requires at least two investment professionals, with at least one being a non-family member. Local business spending of SGD 200,000 annually.
Section 13U (formerly 13X)
For larger family offices with minimum AUM of SGD 50 million. Requires three investment professionals. Local business spending scales with AUM — SGD 200,000 to SGD 500,000 annually.
The Setup Timeline
Due to the surge in applications, MAS has committed to processing family office tax incentive applications within three months. However, full setup including company incorporation, employment passes for key personnel, and MAS approval typically takes 6-9 months.
Key Costs to Budget For
- Professional setup fees: SGD 50,000 to SGD 150,000+
- Annual compliance and operational costs: SGD 200,000 to SGD 500,000
- Employment Pass applications for key personnel: SGD 330 government fees + professional service fees
How HKO Limo's Star Butler Concierge Can Help
Our family office coordination service manages the entire process — from initial scoping and service provider selection to employment pass applications for your investment team and finding residential accommodation. We act as your trusted project manager throughout.