Creating a single family office

In Singapore, we are empowering families on their wealth planning journey.

Deloitte and the Bank of Singapore have collaborated to launch a publication that discusses the advantages and disadvantages of establishing a single family office in Singapore.

Due to the increased uncertainty, wealthy families have been compelled to reconsider their strategies. With an increasing number of wealthy families owning global assets and residences, wealth preservation, transfer, and succession planning has become increasingly important.

In response to these evolving needs, Deloitte has published a comprehensive guide aimed at assisting entrepreneurial families looking at structuring their wealth and asset management. The guide provides insights into why Singapore is an attractive location to establish a single family office, citing several compelling reasons:

• political and economic stability
• a leading financial hub and is a gateway to Asia
• a robust local wealth management ecosystem
• a wide range of fund structures
• an attractive tax regime
• excellent infrastructure

The guide from Deloitte aims to help enterprising families navigate the complexities of wealth management by aligning their strategies with the unique advantages offered by Singapore’s favourable environment.