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 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 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.

•  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.