BDO PRIVATE CLIENT SERVICES | ASIA ADVISORY SERVICES GROUP 17
BDO SINGAPORE PRIVATE CLIENT SERVICES
WHOWE ARE X We provide a holistic approach in advising individuals, entrepreneurs and family businesses in all areas of personal and corporate taxation X We tailor our tax solutions to match the objectives of our clients and maximise their wealth X We work actively with advisers to private clients, working with trust companies, family offices, private banks, lawyers and existing accountants to offer a holistic approach to tax planning X We have a particular focus on wealth structuring, with experience and expertise in tackling complex issues such as succession planning and the use of family offices, through to coordinating and processing personal and corporate tax returns X We are also immigration specialists and we assist individuals and families relocating to Singapore to obtain work passes or permits as well as more long-term solutions such as Singapore PR status and Citizenship X We advise on employment arrangement and remuneration structuring as part of the business structuring for concurrent multiple roles in different jurisdictions.
WHY SET UP A FAMILY OFFICE IN SINGAPORE? Singapore is a leading Asian hub for fund management and with its strong regulatory framework, Singapore is highly regarded for transparency and has always valued the need to have substance. As families are now seeking substance and tax certainty for their structures, there has been an increase in demand to establish family offices in Singapore. Our Private Client Services team has extensive experience in assisting our clients to set up family offices and apply for the relevant tax incentives. We help our clients to institutionalise the holding structure for the family wealth, facilitate succession planning and create a more efficient and transparent structure. SERVICES We work with individuals, their families, their businesses, investors, at different stages of wealth creation, trustees and family offices. We offer the following advisory and compliance services: X Wealth and asset structuring advice for international private clients X Employment structuring for multiple roles in different jurisdictions X Tax compliance, administration and dispute resolution X Succession planning, management and family governance X Estate and wealth taxes X Partnership and corporate tax structuring X Profit extraction and transaction support X Immigration support – Citizenship, PR and work pass/ permit applications X Transfer Pricing.
SINGAPORE FUND TAX INCENTIVE SCHEMES
13D SCHEME
INVESTORS
FUND (OFFSHORE)
INVESTMENT PORTFOLIO MANAGED BY FUND MANAGERS IN SG
0%TAX
INVESTMENT INCOME
13O SCHEME
INVESTORS
INVESTMENT PORTFOLIO MANAGED BY FUND MANAGERS IN SG
FUND (SG)
KYLIE LUO EXECUTIVE DIRECTOR - LEADER, ASSET &WEALTH MANAGEMENT
INVESTMENT
13U SCHEME
t: e:
+65 6828 9123
FUND (SG / OFFSHORE)
FUND (SG / OFFSHORE)
INVESTMENT PORTFOLIO MANAGED BY FUND MANAGERS IN SG
INVESTORS
kylieluo@bdo.com.sg
INVESTMENT INCOME
0%TAX
ABNER KOH executive director - private client services
Singapore is widely known for having one of the most competitive tax regimes. Singapore also offers various fund tax incentive schemes (13D, 13O and 13U) to mitigate the Singapore tax exposure by achieving tax neutrality. Under these incentives, funds managed by a fund management company or family office in Singapore can enjoy a tax exemption on income subject to meeting the relevant conditions.
t: e:
+65 6829 9645
abnerkoh@bdo.com.sg
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