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With Asia driving the global economy, the wealth management industry in Singapore is currently witnessing a huge increase. Local millionaires and foreign High Net Worth Individuals are finding Singapore trusts as their preferred vehicle for managing their wealth, largely due to the numerous advantages of establishing a trust in Singapore such as; the attractive taxation system and tax incentives.
Singapore is highly recognised as an attractive trust jurisdiction internationally. With Asia driving the global economy, the wealth management industry in Singapore is witnessing a phenomenal boom; and along with that, the formation of trusts are also on the rise Singapore’s local millionaires as well as foreign High Net Worth Individuals (HNWI) are finding Singapore trusts as their preferred vehicle for managing their wealth.
Our highly respected private client team has created a factsheet, essential for local and foreign HNWI looking to set up a Trust in Singapore. At Hawksford we can help you understand the benefits of a Private Trust Company and whether it is the right planning solution for you.
Our factsheet includes insights into the following:
Advantages of Establishing a Trust in Singapore
Singapore's Taxation System
Qualifying Foreign Trusts (QFTs)
Locally Administered Trusts (LATS)
To download the full factsheet, complete the form below:
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