Group 1: Family Office Growth - The family office industry is rapidly expanding, with over 8,000 family offices managing approximately $3.1 trillion in assets globally, comparable to the hedge fund industry [1][5] - By 2024, the number of family offices is expected to exceed 8,000, managing $3.1 trillion, and by 2030, this number is projected to grow to nearly 11,000, managing $5.4 trillion [5] Group 2: Singapore's Competitive Edge - Singapore has significantly reduced the tax incentive waiting period for wealthy individuals establishing family offices from 12 months to a maximum of 3 months [2] - The Monetary Authority of Singapore (MAS) is collaborating with private banks to further shorten client onboarding times to attract more high-net-worth individuals [2] - As of 2024, Singapore is expected to have over 2,000 single-family offices, a 42.9% increase from 1,400 in 2023 [6] Group 3: Regulatory Challenges and Responses - Following a major money laundering case, Singapore tightened regulations on family offices, increasing scrutiny and raising qualification criteria for tax incentives [2][4] - The MAS has imposed significant fines totaling 27.45 million SGD (approximately 15.4 million RMB) on nine financial institutions for anti-money laundering violations [4] Group 4: Global Competition for Family Offices - The competition among global financial centers for family offices is intensifying, with regions like Switzerland, Hong Kong, and Dubai also implementing tax incentives to attract wealthy individuals [9] - Hong Kong is enhancing its position as a family office hub with favorable tax policies and streamlined processes, aiming to attract 200 family offices by 2025 [10][12] Group 5: UAE's Emergence as a Family Office Hub - The UAE is becoming a modern family office center due to its favorable tax regime, low crime rate, and strategic geographic location [13][15] - Dubai International Financial Centre (DIFC) has launched the world's first family wealth center, aiming to deepen its family wealth ecosystem [13]
争抢全球富豪，新加坡大幅压缩家办审批时间
3 6 Ke·2025-07-17 04:10