The Business Times
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MAS to simplify framework for single family office fund tax scheme

Move is ‘timely’ given evolving landscape, rising competition from Hong Kong, Dubai, observers say

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Tan Nai Lun

Tan Nai Lun

Published Mon, Sep 29, 2025 · 05:35 PM
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    • Chee Hong Tat, minister for national development and deputy chairman of MAS, says that while Singapore's regulatory environment is a trusted one, “we will ease the process: make it less tedious, quicker and more efficient”.
    • Chee Hong Tat, minister for national development and deputy chairman of MAS, says that while Singapore's regulatory environment is a trusted one, “we will ease the process: make it less tedious, quicker and more efficient”. PHOTO: BT FILE

    [SINGAPORE] The Monetary Authority of Singapore (MAS) is looking to simplify the framework for its single family office (SFO) fund tax scheme, to better align it with industry needs.

    The streamlining would entail reducing the documentation needed for applications, easing reporting requirements and expanding the types of investments eligible for the fund tax scheme, said Minister for National Development Chee Hong Tat, who is also deputy chairman of MAS.

    He was speaking on Monday (Sep 29) at the Global-Asia Family Office Summit organised by the Wealth Management Institute (WMI).

    Wealth managementFamily officesTax incentives

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