Regulatory update
Governance and Compliance
Stablecoin regulation Singapore: MAS's 2023 framework, the P015-2026 PS Act proposals, and what they mean for custody, NAV, AML and CARF in SFOs and VCCs.
Analysis
Family Offices
Family office compensation Singapore guide: SFO 10% key-employee limits, co-investment, phantom plans, equity tax under s 10(6) and EP fixed salary rules.
Regulatory update
Governance and Compliance
Trust business licence Singapore: TCA 2005 scope, S$250,000 capital, two resident managers, PII, fees, timeline and when a family needs a licensed trustee.
Analysis
Global Comparisons
Wealth tax Singapore explained: no net wealth tax, but property tax up to 36% and ABSD up to 65%, compared with Swiss, Spanish and Norwegian wealth taxes.
Comparison
Global Comparisons
Singapore vs Dubai corporate tax for a family holding company: s 13(8), s 13W and the UAE participation exemption, free zone 0% and Pillar Two compared.
Regulatory update
Regulatory Updates
Translate current MAS business-continuity expectations into VCC service maps, disruption tolerances, provider tests, recovery evidence and board remediation.
Analysis
Family Offices
Contain a trust protector conflict through deed review, disclosure, recusal, alternate authority, independent advice, decision continuity and a permanent record.
Analysis
Provider Reviews
Score Singapore licensed trustees by authority, governance, asset capability, custody, reporting, succession, conflicts and tested exit arrangements.
Analysis
Global Comparisons
Compare Luxembourg SCSp partnership flexibility with a Singapore VCC corporate fund by manager model, investor market, governance, operations and exit.
Analysis
Global Comparisons
Compare a New Zealand limited partnership and Singapore VCC by legal form, manager location, investor offers, governance, reporting and Asia-Pacific operations.
Analysis
Provider Reviews
Run a VCC incident bridge that joins service impact, provider evidence, fund decisions, investor communications, recovery tests and board escalation.
Analysis
Governance and Compliance
Reconcile substitute collateral through ownership, eligibility, valuation, concentration, settlement and sub-fund records before releasing the original asset.