Singapore has been trending upward—becoming the place that is increasingly synonymous with family offices. Since 2019, Singapore has seen a growing number of high-profiled businesspeople establish family offices there. In addition to tax incentives, interest in Singapore is fueled by the potential growth in Asia, where many see the island nation as a gateway to the region. Apart from tax and other external driving forces, Singapore has attractive investment incentives available for family offices or family investment vehicles.
Already there with family offices in Singapore are Sergey Brin, cofounder of Google; Ray Dalio, founder of Bridgewater Associates; Sir James Dyson, founder of Dyson Limited; and Zhang Yong and Shu Ping, the couple behind Haidilao International Holding Limited.