Singapore Tax Incentive Scheme (13O)


The Singapore Family Office Fund Tax Exemption Program (13O, 13U) combines tax incentive policies for foreigners and work immigration, for family members of high-net-worth individuals who want to work in Singapore, or for the development and development of Singapore’s own financial and wealth management environment. Promotion brings a win-win situation.


Singapore Tax Incentive Scheme (13O)

Application requirement :

* Companies incorporated in Singapore, including Variable Capital Companies (VCC)

* To hire a fund manager, you must be resident in Singapore, registered with the Monetary Authority of Singapore (MAS), or hold a CMS license

* Hire at least two professional investment personnel, and the fund has a one-year grace period to meet this condition

* The minimum total assets under management (AUM) at the time of application is SGD10,000,000, and needs to be increased to SGD20,000,000 within two years

* Fund expenses (including remuneration, management fees and other operating costs): minimum expenditure of SGD200,000 per financial year


* Need to maintain local investment of 10% of total asset value or SGD10,000,000 at all times




AIMS service process

AIMS Service Process
  • 1. Preliminary inquiries to AIMS and understand the program content
  • 2. Sign a service agreement with AIMS and pay the service fee, while collecting various documents from the applicant.
  • 3. Entrust a lawyer to start preparing to submit a preliminary application to the Hong Kong Monetary Authority to assist in the establishment of a fund company and family office; and to open a private bank account for the fund company.
  • 4. Submit a "Business Proposal" to the Monetary Authority of Singapore (MAS). The Monetary Authority of Singapore (MAS) will conduct a conference call with the family.
  • 5. Submit information for applying for a MASNET account and assist in hiring investment professionals.
  • 6. The applicant arrives in Singapore to obtain a work permit and the association invests funds in the fund company.

Scope of Services

  • Service Content

    Assist in planning and establishing family offices and fund companies

  • Service Content

    Guide and collect required documents for immigration and submit applications

  • Service Content

    Providing legal advice on Monetary Authority of Singapore (MAS) licensing exemptions

  • Service Content

    Monitor application progress

  • Service Content

    Submit a tax relief application

  • Service Content

    Assistance with opening a private bank account

contact us

Contact Us


Headquartered in Singapore and established in 2006, AIMS has over 19 years of experience assisting clients with migration worldwide. With 11 offices across the globe, our services cover 30 countries and regions. AIMS is dedicated to understanding and protecting the rights and interests of every client, ensuring professional guidance and support throughout their migration journey.



Singapore Migration FAQ :