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ARTICLE · 19 JULY 2021

Setting Up A Single Family Office (SFO) In Singapore

The Sovereign Group
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Singapore is regarded as one of the most prominent financial centres in South-East Asia and has gained in popularity as a base for many high-net-worth families to manage their assets and investments globally.

SingaporeFinance and Banking
Andrew Galway
Andrew Galway
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Singapore is regarded as one of the most prominent financial centres in South-East Asia and has gained in popularity as a base for many high-net-worth families to manage their assets and investments globally.

Singapore enjoys a reputation as a well-governed and well-regulated financial centre that offers political stability and a pro-business environment, as well as the presence of local and global banks, and other financial service providers and professionals.

As a result, the Monetary Authority of Singapore (MAS) estimates there are now upwards of 200 Single Family Offices (SFOs) in Singapore, managing assets in excess of USD20 billion. The term 'single family office' is not formally defined but the term generally refers to an entity that manages assets for or on behalf of a family, and which is also wholly owned or controlled by the members of that same family.

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