Asia is strengthening its position as a global hub for family offices, offering attractive tax incentives and dedicated support for wealth management.
In Hong Kong, family offices managing over HK$240 million are exempt from profit taxes on qualified financial investments. To further support this sector, the Hong Kong Academy for Wealth Legacy Institutions has been established, providing guidance on best practices, governance, and intergenerational wealth preservation.
Meanwhile, Singapore had approximately 1,400 single-family offices benefiting from tax incentives by the end of 2023, reflecting the city-state’s proactive approach to attracting high-net-worth families and promoting strategic wealth management.
At NS Global Consultants Pte. Ltd., we assist family offices and high-net-worth clients with corporate secretarial, bookkeeping, compilation, and tax services, ensuring compliance, optimized tax planning, and effective management of multi-jurisdictional assets.