Family offices unfazed by Singapore’s wealth taxes as their numbers grow
Family offices remain drawn to the city’s tax incentives, political and currency stability, clear regulatory framework and good schools for their children.
Despite the slew of wealth taxes announced in the 2022 Singapore budget, family offices are unperturbed as the ultra wealthy continue to be drawn by other factors such as political and currency stability, high living standards, and accessibility to regional investment opportunities.
Ryan Lin
Bayfront Law
Ryan Lin, director of Singapore-based Bayfront Law which advises family offices, said the impact of the recent tax measures on properties, luxury cars, and top earner…
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