Family offices

Expand eligible investments as part of SFO tax framework tweak, industry observers say

Market players say that it is timely to include digital assets, precious minerals, insurance and family businesses

Even in the face of scandals, the Republic has been able to maintain its stature as a global wealth hub.

Fujian gang, Prince Group money laundering incidents unlikely to dent Singapore’s appeal as wealth hub

MAS likely to go ahead with simplifying the single family office tax incentive framework in the face of rising competition

James Dyson is lining up a further diversification of his fortune, which is still mostly tied up in his technology company.

James Dyson reworks family office empire for US$17 billion fortune

Dyson’s Weybourne moves £624m from UK to Singapore, cutting UK unit’s share capital to £1

Questions remain over whether a handful of family offices can generate enough economic activity to revitalise the Forest City mega development.

From ghost town to potential wealth magnet: 6 family offices get green light to operate in Forest City

Malaysia hopes these SFOs can give the zone an economic purpose beyond a cautionary tale

Family businesses produce about two-thirds of all economic output and employ more than half of all workers.
THE BOTTOM LINE

Why do so many family companies exist?

They know how to win without fighting

Adam Banks, head of APAC, Moonfare.
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Stella Lau, managing director, wealth management (Greater China), Lighthouse Canton (left); and Charlene Lin, managing director, strategic growth (North Asia and Southeast Asia), Lighthouse Canton (right).
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On Oct 14, US Treasury sanctions were announced against Chen Zhi, his conglomerate Prince Holding Group, and Chen’s associates. Chen had set up a family office, DW Capital Holdings, in Singapore in 2018.

Two SFO funds linked to Chen Zhi’s group were granted tax incentives: Chee Hong Tat

MAS takes ‘risk-proportionate approach’ to maintain Singapore’s status as a trusted financial centre, he says

More than half of family offices see leverage as an important part of their investments, with about a quarter citing the topic as “strategic” in significance.

Family offices get ‘war chests’ for market swings, says Deutsche Bank

[LONDON] Family offices are building up credit lines to seize business opportunities and manage risk, said Deutsche Bank, highlighting the growing sophistication of investment firms for the mega-rich.