Singapore has introduced new measures to enhance regulatory oversight of family offices as their number in the city-state surpasses 1,800.
The Monetary Authority of Singapore (MAS) has announced updated guidelines requiring family offices to disclose more details about investment structures, beneficial owners, and risk management practices. The move comes as Singapore continues to attract global high-net-worth individuals, with family offices becoming a preferred vehicle for wealth preservation and succession planning.
Industry experts note that while compliance costs will rise, the measures are unlikely to dampen Singapore’s appeal, given its political stability, tax treaties, and role as a financial hub. Investors view the regulations as part of a long-term effort to align with international standards and strengthen Singapore’s reputation as a trusted wealth management center.
Singapore family office regulation, MAS wealth management, Asian family offices