Singapore family office scene set to soar in sophistication
INTEREST in setting up family offices in Singapore has soared in recent years, driven by increasing global uncertainty and geopolitical risks, as well as the country’s reputation as a safe haven for wealth and attractive tax incentives. The number of family offices here jumped fivefold between 2017 and 2019, and almost doubled from 400 at the end of 2020 to 700 a year later.
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