to know better about Wealth & Asset Management
- Wealth and asset managers are experiencing a time of exponential change. FinTech disruptors continue to shift the rules, newer investors aren’t flocking to older channels and cost pressure is relentless Beyond the concept, there are various agencies in market can help you set up a most efficiency structure safe guard your wealth.
- The s
- Wealth and asset managers are experiencing a time of exponential change. FinTech disruptors continue to shift the rules, newer investors aren’t flocking to older channels and cost pressure is relentless Beyond the concept, there are various agencies in market can help you set up a most efficiency structure safe guard your wealth.
- The simplified regulatory regime takes into account the extent of contractual safeguards that are already present in typical contracts negotiated by VC managers’ sophisticated investor client base. To qualify for the VC manager regime, a VC manager has to manage funds that meet the following characteristics:
- (a) invest in business ventures that are not listed on a securities exchange;
(b) invest at least 80% of committed capital in securities that are directly issued by start-ups that are no more than ten years old;
(c) units of the funds are not available for new subscription after the close of fund-raising, and can only be redeemed at the end of the fund life; and
(d) are offered only to accredited and/or institutional investors.
"wofe" set up
- WOFE or "WFOE" standing for Wholly Foreign-Owned Enterprise. A WFOE is a common investment vehicle in China that allows foreign investors to establish a limited liability company without the need for a local partner. This structure provides foreign businesses with full control over their operations in China, facilitating activities such a
- WOFE or "WFOE" standing for Wholly Foreign-Owned Enterprise. A WFOE is a common investment vehicle in China that allows foreign investors to establish a limited liability company without the need for a local partner. This structure provides foreign businesses with full control over their operations in China, facilitating activities such as manufacturing, trading, and services.
List of Advantages of WOFE are :
- Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
- Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB;
- Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
- Protection of intellectual know-how and technology;
- For Manufacturing WFOE, no special requirements for Import / Export license for its own products;
- Full control of human resources
- Greater efficiency in operations, management and future development.
Like Family Office ?
Like Family Office ?
- A Family office is a private wealth management entity established to oversee, manage, and grow the wealth of high-net-worth families. Singapore has emerged as a leading hub for family offices due to its robust financial ecosystem, political stability, favorable tax regime, and strategic location in Asia.
- Singapore offers attractive tax
- A Family office is a private wealth management entity established to oversee, manage, and grow the wealth of high-net-worth families. Singapore has emerged as a leading hub for family offices due to its robust financial ecosystem, political stability, favorable tax regime, and strategic location in Asia.
- Singapore offers attractive tax incentives for family offices under schemes such as the 13O (formerly 13R) and 13U (formerly 13X) programs. These incentives enable tax exemptions on qualifying income.
- FBN Asia is a regional chapter of FBN International, a private not-for-profit organisation representing business families in 65 countries across five continents.
- Based in Singapore, FBN Asia offers business families a safe space to learn from peers and experts, as well as to share best practices.
- It also encourages dialogue about how to guide family involvement in the business, facilitate relationships within the family, and raise the awareness and importance of family business models in society.
think about go further?
SPAC - a New Successful listing channel
SPAC is Special Purpose Acquisition Companies , are publicly-traded investment vehicles that raise funds via an initial public offering (IPO) in order to complete a targeted acquisition. They provide private companies with a unique way to access the public markets, while offering investors a way to co-invest side-by-side with best-in-class sponsors.
Talk to us today, our partners successful SPAC and de-SPAC stories to be shared with you!
Upcoming Events
Public Consultation
Public Consultation on Reducing Compliance Costs for Small Companies: Review of Audit Exemption Framework
Status
Open
Topic
Public Accountancy
26 February 2026
Review of Singapore's Audit Exemption Framework, with industry consultations.
The Accounting and Corporate Regulatory Authority (ACRA) is reviewing Singapore's audit exemption framework to reduce compliance costs for small companies. As part of this review, industry consultations will be conducted to gather stakeholders’ views.
Current Audit Exemption Framework
2. Under the current audit exemption framework, private companies qualify for audit exemption if they meet at least two of the following three criteria for each of the two financial years immediately preceding the current financial year:
a) Total annual revenue ≤ $10 million;
b) Total assets ≤ $10 million;
c) Total number of employees ≤ 50.
3. Private companies belonging to a group (i.e. subsidiaries) qualify for audit exemption if the entire group meets at least two of the three criteria in paragraph 2 on a consolidated group basis.
4. Since the introduction of the framework in 2015, companies’ average total assets and revenue have grown. Other jurisdictions such as Australia, the United Kingdom, New Zealand and Malaysia have also raised their revenue and asset audit exemption thresholds in recent years.
5. In light of business growth and international regulatory updates, ACRA is conducting a review of the audit exemption framework to ensure that it remains fit for purpose.
Scope of Review
6. ACRA will launch consultations on the following:
a) Review increasing the total annual revenue and assets thresholds under which companies or groups qualify for audit exemption.
b) Explore whether subsidiaries may qualify for audit exemption under specific conditions, even if the group does not meet the audit exemption thresholds on a consolidated basis.
7. Notwithstanding any changes which arise from the review, companies must continue to keep proper accounting records and prepare financial statements in accordance with prescribed accounting standards, and shareholders will retain the right to require an audit if they hold at least 5% of the total issued shares of the company.
Industry Consultation
8. ACRA will be conducting targeted industry consultations on the proposed changes from March 2026.
9. Through the consultations, ACRA seeks to develop an audit exemption framework that strikes a balance between ensuring adequate corporate governance oversight and reducing compliance costs.
Above news are direct from ACRA Singapore
Sunday Supper Club
Every Sunday
Evenings in the Park
First Friday of the Month
Morning Brews & Views
Every Saturday
