Weekly Digest: SG single family offices hit 1,650; Malaysia offers zero tax to lure family offices
Singapore attracted 250 new single family offices in 2024; Malaysia offers tax-free incentives to family offices; Telstra and Equip Super announce decision to merge; Prudential launches whitepaper on climate transition financing; and more.
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Singapore attracted 250 new single family offices in the eight months to August and the number will probably exceed last year’s 300 by the end of 2024, according to the government.
Chee Hong Tat, deputy chairman of the Monetary Authority of Singapore, revealed the numbers at a family office conference on September 16 in Singapore.
He noted that single family offices in the city state soared to 1,400 in 2023 from 400 in 2020.
“In the first eight months th…
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