![](https://i.imgur.com/CLvY2jA.png")
05-07-2023, 07:39 PM
Wed, 5 July 2023 at 2:31 pm SGT
By David Ramli and Chanyaporn Chanjaroen
(Bloomberg) — The Monetary Authority of Singapore will change the tax incentives it gives to single family offices in an effort to boost the hiring of locals and investment in the country’s equity markets.
Tax incentives will also be adjusted to encourage these firms to invest in climate-related projects and undertake more philanthropy through Singapore
......
The bulk of wealth flows into Singapore is from institutional investors, rather than family offices or wealthy people
......
The single family offices, that apply for and are granted tax incentives, managed about S$90 billion of assets as at 2021, less than 2% of the S$5.4 trillion total assets managed in Singapore
Details here: https://sg.finance.yahoo.com/news/singap...27464.html
By David Ramli and Chanyaporn Chanjaroen
(Bloomberg) — The Monetary Authority of Singapore will change the tax incentives it gives to single family offices in an effort to boost the hiring of locals and investment in the country’s equity markets.
Tax incentives will also be adjusted to encourage these firms to invest in climate-related projects and undertake more philanthropy through Singapore
......
The bulk of wealth flows into Singapore is from institutional investors, rather than family offices or wealthy people
......
The single family offices, that apply for and are granted tax incentives, managed about S$90 billion of assets as at 2021, less than 2% of the S$5.4 trillion total assets managed in Singapore
Details here: https://sg.finance.yahoo.com/news/singap...27464.html
