13R Tax Incentive Scheme

Tax Exemption on Specified Income from Designated Investments, derived by an Approved Company arising
from funds managed in Singapore (SG) by a fund manager in SG.

Conditions:

  • Approval required from MAS
  • Fund is incorporated in SG and tax resident in SG
  • Uses a SG-based fund administrator (holds CMS licence, or express exemption from CMS licence)
  • At least SGD $200,000 local business spending per year
  • No change in investment strategy/objective after being approved by MAS

To Incorporate:

  • Fund (Singapore) to own assets
  • Family Office (Singapore) to manage the Fund

Examples of Designated Investments:

  • Stocks and Shares
  • Bonds, Notes, Commercial papers, Treasury bills and Certificates of Deposits
  • Exchange traded funds or any other securities

Examples of Specified Income:

  • Dividend
  • Interest
  • Coupons
  • Gains from sale of securities