Family Office Management Consulting in Singapore

Esin Visa provides family office management consulting services in Singapore for high-net-worth families, entrepreneurs, and investors seeking a structured approach to managing family wealth and investments. Key family office services include:

  •  Family office structure planning, including 13D / 13O / 13U tax incentive planning and applications
  • Fund establishment and investment management structure design
  • Private banking coordination
  • Tax and compliance arrangements
  • Succession and long-term wealth management planning

We also provide ongoing corporate administration and compliance support, helping family offices maintain their structures and meet relevant regulatory and administrative requirements. This includes:

  • Accounting and tax filings
  • Audits and payroll
  • Ongoing tax and compliance support
  • Maintenance of relevant fund and management entities

For qualifying structures, our team can assist with planning and applications under Singapore’s 13D, 13O, and 13U fund tax incentive schemes, helping clients establish and maintain a compliant family office platform for long-term wealth management and succession planning.

 

Family Office Solutions for Wealth Management and Tax Planning

Fund Income Tax Incentives

Qualifying fund investment income can apply for Singapore 13D / 13O / 13U tax exemption incentives.

Global Asset Allocation

Leverage Singapore's mature financial system to achieve global allocation across stocks, funds, bonds, and alternative assets.

Tax and Compliance Optimization

Assist clients with CRS / FATCA, tax filings, and fund compliance management.

One-Stop Professional Services

Covers structural design, setup application, bank account opening, tax accounting, and annual compliance maintenance.

Overseas Residency Planning

Can be combined with family office operations to plan long-term residency paths such as EP and PR for core members.

Family Wealth Succession

Achieve wealth preservation, appreciation, and succession through funds, holding companies, and family governance arrangements.

Family Office Tax Exemption in Singapore: 13D, 13O and 13U Requirements

Singapore’s fund tax incentive schemes under Sections 13D, 13O and 13U of the Income Tax Act can exempt qualifying investment income for funds managed by a single family office. Each scheme has its own conditions, summarised below. For the full official criteria, see the MAS fund tax schemes for family offices.

13D

13O

13U

REQUIREMENT 13D 13O 13U
Eligible entity Companies, trusts and individuals; fund established offshore Company incorporated in Singapore; fund registered in Singapore Companies, trusts and limited partnerships, offshore or in Singapore
Minimum AUM at application No minimum Statutory Requirement: Minimum S$20 million in AUM required at the time of formal application submission and maintained throughout the incentive period Statutory Requirement: Minimum S$50 million in AUM required at the time of formal application submission and maintained throughout the incentive period
Annual business spending No minimum S$200,000 to S$1,000,000, depending on AUM S$500,000 to S$1,000,000, depending on AUM
Investment professionals At least 1 full-time, non-beneficiary family member At least 2 full-time, at least 1 non-beneficiary family member At least 3 full-time, at least 1 non-beneficiary family member
MAS approval Not required Required; strategy cannot change after approval Required; strategy cannot change after approval

Who May Need Family Office Advisory Services?

Happy big Asian family talking, laughing and eating good food at dinner

Immediate Family Members

Residency Application

While the applicant holds an EP and earns a fixed monthly salary of at least S$6,000, their spouse and children under 21 years of age can apply for a Dependant's Pass (DP). When the EP holder applies for PR, their spouse and children under 21 can be included as dependants in the PR application. The applicant's parents and children aged 21 and over cannot apply for PR together, but parents can apply for a Long-Term Visit Pass (LTVP) valid for 5 years.

How to Set Up a Single Family Office in Singapore: 8 Steps

1

Sign Project Agreement

We agree the scope of work with your family, including the target structure, timeline and the services Esin will coordinate.

5

Preparation of Legal Opinions and Investment Agreements

Legal opinions and the investment management agreement between the fund and the management company are prepared.

2

Design Family Office Structure

Esin designs the fund and management company structure around your assets, investment strategy and the tax incentive scheme being considered.

6

Apply for Fund Company Tax Incentives

Where 13O or 13U applies, we prepare and submit the tax incentive application to MAS for its assessment.

3

Set Up Family Office

We incorporate the Singapore management company and other entities the structure requires.

7

Open Private Bank Account for Fund Company

We coordinate the private bank or custody account for the fund so assets can be transferred and managed.

4

EP Application for Investment Professionals

We prepare Employment Pass applications for the investment professionals who will run the family office.

8

Execute Family Office Investment Strategy

The family office begins managing investments, with Esin supporting ongoing accounting, tax and compliance filings.

Why Choose Esin for Family Office Consulting Services?

When comparing family office consulting firms in Singapore, families may need coordinated support across several areas rather than assistance with fund establishment alone. Esin has supported more than 120 family office establishments. We bring together family office structuring, company formation, banking coordination, employment matters, taxation, compliance, and ongoing corporate administration through our Singapore-based service network. This integrated approach helps families manage the operational and regulatory requirements surrounding a family office more efficiently, with support extending from initial structuring and setup to the ongoing administration of the entities and arrangements involved.

Local Singapore Team

Familiar with local company registration, EP applications, accounting, taxation, and compliance requirements.

Compliant Application Strategy

Develops reasonable and executable application paths based on actual business operations.

One-Stop Implementation Services

Covers company formation, bank account opening, EP applications, and subsequent compliance maintenance.

Long-Term Compliance Support

Assists in completing bookkeeping, taxation, annual audits, payroll, and corporate compliance matters.

Cross-Border Service Experience

Long-term service to Chinese and overseas entrepreneurs, understanding the needs of cross-border setup and operations.

Multi-Resource Support

Integrates banking, taxation, legal, auditing, and business resources to improve landing efficiency.

Maintaining Singapore Family Office Tax Exemption Status

✔ Funds must continuously meet 13D / 13O / 13U requirements regarding AUM, investment scope, and tax exemption conditions.

✔ Retain and maintain private bank or custody accounts to ensure clear records of fund assets, investment transactions, and capital flows.

✔ The family office must continuously perform investment management functions and retain investment decisions, transaction records, and management documents.

✔ 13O / 13U structures must meet minimum local business spending, investment professional requirements, and other annual compliance obligations.

✔ The management company must pay salaries on time in accordance with employment contracts and Singapore labor laws, and retain payroll, bank transfer, and employment records.

✔ The fund should pay management fees to the management company periodically according to the investment management agreement, and retain invoices, agreements, and payment vouchers.

✔ The fund and management company must complete accounting, tax, annual audit, CRS / FATCA and related compliance filings on time.

Frequently Asked Questions

What do family office consulting services typically include?

Family office consulting services can cover the planning, establishment, and ongoing administration of structures used to manage family wealth and investments. Depending on the family’s needs, this may include entity structuring, fund setup, banking coordination, tax and compliance arrangements, investment management structures, and corporate administration.

High-net-worth families, entrepreneurs, and investors may consider a Singapore family office when they need a more structured way to manage investments, family assets, succession planning, and related administrative requirements. The appropriate structure will depend on factors such as the size and nature of the assets, investment strategy, family objectives, and applicable regulatory requirements.

A Singapore company or other local entities may form part of the overall family office structure, depending on how the investment and management arrangements are organised. Esin can coordinate this alongside its company incorporation service in Singapore, helping clients manage company formation together with related family office requirements.

Yes. Family office structures may involve directors, investment professionals, business owners, or family members who require appropriate employment or immigration arrangements in Singapore. Where relevant, Esin can coordinate broader immigration and business services and advise on pathways such as the self-employed Employment Pass for qualifying entrepreneurs.

A family office may require continued support with accounting, tax filings, regulatory compliance, payroll, corporate secretarial matters, banking coordination, and maintenance of its underlying entities and investment structures. Ongoing family office consulting services help ensure these administrative requirements continue to be managed as the family’s structure, investments, and needs evolve.

It depends mainly on the size of the assets and where the fund is set up. Section 13D applies to funds established offshore and has no minimum assets under management or MAS approval requirement. Section 13O applies to Singapore-registered funds with at least S$20 million in AUM, and Section 13U to onshore or offshore funds with at least S$50 million. Both 13O and 13U require MAS approval and set minimum business spending and investment professional requirements. Esin can review your assets and objectives to recommend a suitable structure.

For the 13O and 13U schemes, yes, the fund must be approved by the Monetary Authority of Singapore (MAS), and the investment strategy cannot be changed after approval. The 13D scheme does not require MAS approval. Once approved, the family office must continue to meet the scheme’s conditions each year to keep its tax exemption.