Singapore to offer tax breaks and improved visa access for fund sector
The package includes a new foreign work pass track and targeted tax exemptions to attract senior talent and support stronger returns for qualifying funds.
- The Monetary Authority of Singapore unveiled measures on Wednesday to strengthen the asset management hub, including a new Investment Management Track to attract senior investment professionals.
- Singapore's asset management industry accounts for around 15 per cent of financial sector output, having grown to almost S$7 trillion in assets under management over the past five years.
- The Ministry of Finance plans to introduce tax exemptions for profit-related returns in Budget 2027, while MAS will launch a hedge fund investment programme to deepen industry capabilities.
- Addressing competition from Hong Kong, Minister National Development Chee Hong Tat said there is enough scope for both cities to grow, rejecting a 'zero-sum' relationship.
- These measures reflect Singapore's commitment to remain a "trusted, vibrant, and globally competitive financial hub," Chee said, positioning the city to grow its international financial sector presence.
14 Articles
14 Articles
Singapore Pledges Tax Breaks for Fund Managers After HK Move
Singapore has pledged to offer potentially lucrative tax exemptions to individual fund managers such as hedge fund traders, a sign of intensifying competition with Hong Kong as the two financial hubs battle to win business from asset managers.
The Economic Times
Times of IndiaSingapore plans tax breaks, easier visas to attract fund managers
Singapore plans tax exemptions on certain fund-management profits and wider access to a five-year visa for investment professionals as it competes with other financial centres. The measures aim to attract fund managers, hedge funds and investment talent to the city-state.
Tax exemption, framework to attract global leaders: MAS unveils plans to grow asset management hub
The Monetary Authority of Singapore (MAS) announced on Wednesday (Aug 19) a "package" to grow the asset management industry in the face of rising competition.Local fund managers and investment professionals will receive tax exemption on their earned share of investment profits from the qualifying funds they manage. The central bank said it will also introduce a new hedge fund investment...
Singapore to offer tax breaks and improved visa access for fund sector
Singapore will introduce tax exemptions on profits earned by fund managers and make it easier for investment professionals to acquire visas as it tries to head off "growing international competition" in the asset management sector, the central bank said on Wednesday.
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