Singapore's single-family offices surged 43% to 2,000, buoyed by business-friendly policies and low taxes.

The number of single-family offices in Singapore surged to 2,000 by the end of 2024, up 43% from the previous year, due to the country's business-friendly policies, low taxes, and strategic location. These offices serve the ultra-wealthy by managing their finances. Despite potential growth moderation in 2025 due to higher US tariffs, Singapore's strong fiscal reserves will help mitigate economic slowdowns.

2 months ago
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