Singapore Makes It Easier to Establish a Family Office - Two Separate Reforms Explained

24 Aug 2026

The Monetary Authority of Singapore has introduced two important reforms that make it easier and more practical for families to establish and operate a family-office structure in Singapore. 

The first reform, effective 15 June 2026, simplifies the capital markets services (“CMS”) licensing exemption for Single Family Offices (“SFOs”).

The second, applying to tax-incentive awards approved from 1 August 2026, simplifies the tax-incentive conditions under sections 13O and 13U of the Income Tax Act 1947 for a family-owned fund vehicle (“Fund”).

Please click here to read the update.

For the Chinese version of this article, please click here.