Ray Dalio, the billionaire founder of Bridgewater Associates, an American investment management firm with estimated US$138billion in assets under management, is opening a family office in
Singapore. Industry observers have noted that this is just part of the larger landscape of Singapore’s continued success as the region’s premier family office hub. The system that Singapore put in place to build that success is worth taking a closer look. Here, we discuss why forward thinking families are choosing Singapore to set up their family offices and how Alder can be part of that journey.

Family offices are fundamentally about long term visions for the family, managing wealth in a way that spans generations and places family legacy in a timeless perspective. With the spectacular
economic growth that is Asia and China being the continuing engine of robust growth for the region, Asian family wealth has risen and is making a choice of where and how to set up their family offices.

Why Singapore for Setting up a Family Office?

At the core of every discussion is the economic benefit of setting up a family office in Singapore. Singapore offers competitive tax rates for corporations and individuals. Various tax incentives make it tax efficient for MAS regulated family offices to be set up in Singapore and consolidate and manage across multiple countries. Generally, tax is imposed only on Singapore-sourced income, and excludes capital gains. Tax treaties are extensive and transparent. Singapore’s legal and regulatory system is strong, stable, transparent and business friendly. Singapore’s financial services industry is well developed with a global array of options to support business banking as well as private banking needs. Singapore has a deep talent pool for finance and legal professionals with a clean, professional reputation. Singapore’s socio-political environment is safe, stable, pro-business and open to foreigners. Racial harmony and social cohesion is painstakingly upheld. Confidentiality and privacy is taken for granted with minimal media intrusions into private affairs. This subtle point should not be overlooked for multi-generational families looking for solutions beyond wealth but into lifestyle with choices that impacts young and old over time.

Why Alder Compliance?

Alder simplifies your approach to setting up family offices and managing the regulatory compliance of such offices. We offer cost effective solutions for a myriad of unique family office needs We can be a close family friend or a discreet background operator, often both. In any case, you can trust us for your family needs.