Publications

15 Results

Introduction To Tech.Pass And Tech@SG

Introduction Singapore has emerged as a global hub for digital innovation and tech start-ups – ranked as the 2nd easiest country to do business in globally[1], 5th most innovative economy in the world[2], having the 8th best startup ecosystem globally in 2023[3]. With the 2nd strongest IP regime in the world[4], nationwide digitally driven initiatives, […]

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Advanced Care Planning And The Lasting Powers Of Attorney: A Holistic Approach To Legacy Planning

Introduction Legacy planning transcends the mere transfer of tangible assets to one’s descendants; it delves into the intangible impressions and enduring associations woven into the fabric of one’s name. With regard to tangible assets, the necessary arrangements and steps should be taken by the individual to ensure that his/her affairs are well-managed and planned to […]

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Single-Family Office VS Private Investment Company

Introduction The onshoring of funds in Singapore provides a choice of various structures: this article discusses the difference between a single-family office structure and a private investment company. Both options enable investors to consolidate their assets, diversify their portfolios and manage their assets more efficiently. Utilising private limited companies, the structures limit a shareholder’s liability […]

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Powers Of Early Termination Of A Trust By Its Beneficiaries – Exploring The Rule In Saunders v Vautier

Introduction Every so often, in the planning for the distribution of assets via a testamentary trust, testators (for the purposes of this article, the term “testator” is used interchangeably with the term “settlor” because the testator of the will is effectively also the settlor of the testamentary trust created by the testator’s will) would request […]

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A Look At The Tax Treatment In Singapore For Properties Held In Trust

Introduction As the amount of Additional Buyer’ Stamp Duty is increased as part of the cooling measures to control the prices in the property market, we have seen an increase in property purchases utilising trust structures. In this month’s conveyancing article, we explore the implications of property tax and Seller’s Stamp Duty on residential real […]

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Why Do Wealthy Individuals Come To Singapore?

Introduction With the globalisation of wealth, high net worth individuals (“HNWI”) often look beyond their home countries for investment and residency options. Singapore has established itself as a prime destination for HNWI from across Asia and around the world, ranking third place after the UAE and Australia on the highest inflow of HNWI according to […]

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Foreign LPAs And Their Applicability In The Singapore Jurisdiction

Introduction Singapore, being an international hub, draws a huge number of expatriates and immigrants all year round – Many of whom have amassed substantial assets, both immoveable and moveable, not only in their countries of origin but in multiple other jurisdictions. Those who are slightly more informed in estate planning have even gone on to […]

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Court Orders MCST To Approve Renovations

Introduction In the legal dispute of [2022] SGHC 280, the unit owner (referred to as the “Owner”) had undertaken extensive renovations involving the removal of balcony sliding doors, installation of aluminium frame glass windows, and replacement of an air-conditioner condenser on the external wall of the building (collectively referred to as the “Works”). The Management […]

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Legacy Planning – The Pivotal Role Of Wills In The Creation, Protection And Distribution Of Your Estate

  Introduction Legacy Planning stands as an indispensable compass that navigates the complexities of estate management for the prosperity of the future generations. Within this strategic framework, Estate Creation, Estate Protection and Estate Distribution emerge as the fundamental pillars, each playing a distinct role in shaping a comprehensive and enduring legacy; and binding these three […]

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Residential Property Tax In 2024

Introduction As part of the 2-step increase in residential property tax in Singapore announced in the Singapore Budget 2022, residential property tax rates would be increased again commencing 1 January 2024. Property tax is calculated on a progressive scale. We set out below the residential property tax rate for owner occupied properties and non-owner-occupied properties […]

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Joint Bank Accounts: Does The Right Of Survivorship Truly Apply?

Introduction To many individuals, it is understood that the right of survivorship should apply to joint bank accounts. The seamless transfer of assets from one account holder to another upon death has long been a cornerstone of financial planning, providing a sense of security and continuity. Yet, beneath the surface of this seemingly straightforward principle […]

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Pitfalls Of Holding An EP Under A Sham Working Arrangement

Introduction Professionals looking to live and work in Singapore would typically apply for the Employment Pass (“EP”) under the sponsorship of the employing company. However, the benefits of obtaining an EP, as well as it being a precursor for foreigners looking for longer-term relocation plans to Singapore, have resulted in some individuals intentionally flouting the […]

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