Establishing a family office in Asia involves multiple legal and regulatory considerations. The most common structures include private limited companies, variable capital companies (VCCs), and discretionary trusts, depending on investment goals and jurisdiction.
In Singapore, the VCC structure has grown in popularity due to tax efficiency and fund segregation features. Setting up a compliant office typically takes 3–6 months, including legal incorporation, regulatory clearance, and staffing.
Expert consultation is essential early in the process to avoid costly restructuring down the line. Families should also build governance policies and succession plans from the start to ensure longevity.
FAQs:
Q: What’s the first step in setting up a family office?
A: Define your goals, select the right structure, and consult legal/tax professionals early.
User Comments:
- “Our VCC structure made international investing simpler and more compliant.”
- “Setting things up right took time, but it saved us years of headaches.”
Editor's Note:
Structure determines success. Build the foundation thoughtfully, and the rest will follow smoothly.
(Editors: admin)