Singapore plans tax, visa incentives to boost fund industry

Singapore's Monetary Authority (MAS) and the finance ministry are introducing tax exemptions on profits earned by fund managers from managing specific funds, including those of single family offices. This initiative, with further details to be revealed in the 2027 budget, aims to bolster Singapore's position in the asset management sector amidst increasing competition. Additionally, the MAS will facilitate easier visa acquisition for investment professionals. The MAS also plans to support hedge funds committed to establishing or expanding their presence in Singapore through an investment program. These measures are designed to strengthen the country's fund industry.