SingAlliance Answers: What is a Family Office?

Hong Kong is poised to become a prime hub for family offices with its well-established financial infrastructure, competitive tax system and robust government support for the industry. Its unique location grants the city unparalleled access to Mainland China and seize opportunities arising from the Greater Bay Area. Find out what Hong Kong has to offer in our latest publication.

Effective from 5 July 2023, MAS has introduced revised conditions for Single-Family Offices (SFOs) interested in applying for the 13O/13U tax incentive schemes. The goal of these updated measures is to motivate SFOs to deploy their capital in a more purposeful manner, thereby fostering a purpose-driven approach that enhances the wealth management industry.