A strategic guide for holistic heritage management

Un guide stratégique pour une gestion holistique du patrimoine

As the financial needs and complexity of affluent families increase, the demand for personalized wealth management solutions has increased significantly. A family office in Singapore offers an attractive and comprehensive approach to managing the financial, investment, estate planning and lifestyle needs of high-net-worth families. With its stable economy, strong financial infrastructure and favorable tax regime, Singapore has become a popular destination for establishing family offices. In this article, we will look at the process of establishing a family office in Singapore and the benefits it offers high net worth families.

What is a family office?

A family office is a private wealth management entity that serves as a dedicated platform for managing the financial and non-financial affairs of wealthy families. It provides personalized and integrated services, including investment management, tax planning, estate planning, philanthropy, family governance and lifestyle management. Family offices are designed to meet the unique needs and goals of each family, ensuring a holistic, long-term approach to wealth management.

Advantages of setting up a family office in Singapore

  • Comprehensive wealth management: A family office in Singapore offers a holistic approach to wealth management, bringing together different aspects of the family's financial affairs under one roof. This includes investment management, financial planning, risk management and more, allowing families to have a clear overview of their wealth and financial goals.
  • Personalized solutions: Each family has their own financial goals and preferences. A family office in Singapore offers personalized solutions tailored to the specific needs and aspirations of family members. This level of personalization ensures that the family's values ​​and long-term goals are fully integrated into the wealth management strategy.
  • Access to global financial markets: Singapore's status as a global financial hub allows family offices to access a diverse range of financial products and services from leading institutions around the world. This access to global financial markets allows families to diversify their investment portfolios and take advantage of international opportunities.
  • Effective tax planning: Singapore offers a favorable tax environment, with no capital gains tax and a progressive tax system. Singapore family offices can develop tax-efficient strategies to optimize the family's tax situation and preserve more of their wealth for future generations.
  • Family governance and succession planning: Family offices help establish family governance structures, including constitutions and family councils, to facilitate decision-making and communication among family members. They also play a crucial role in succession planning, ensuring a smooth transition of wealth and business interests to the next generation.

Process for establishing a Family Office in Singapore

  • Define goals and services: Clearly define the family’s goals and the services the family office will provide. This can include investment management, financial planning, estate planning, philanthropy and lifestyle management.
  • Legal Structure: Choose an appropriate legal structure for the family office, such as a limited liability company, limited liability partnership (LLP), or trust. Engage legal experts to ensure compliance with regulatory requirements.
  • Talent recruitment: Build a team of qualified professionals to manage family office activities. These may include investment advisors, tax experts, legal advisors, relationship managers and administrative staff.
  • Technology and infrastructure: Invest in robust technology and infrastructure to support family office activities, including secure data management and reporting systems.
  • Family governance: Establish a family governance framework to define roles, responsibilities and decision-making processes within the family.


Establishing a family office in Singapore is a strategic and prudent approach to holistic wealth management for affluent families. With its stable economy, strong financial infrastructure and tax advantages, Singapore offers an ideal environment for establishing family offices. By offering personalized solutions, access to global financial markets and effective tax planning, Singapore family offices meet the unique needs and objectives of high-net-worth families. Through thoughtful planning and professional expertise, a family office in Singapore can become the foundation for a family's long-term financial success and preservation of its legacy for generations to come.