Singapore · Policy news
Singapore reviews investment rules for fund tax incentives
Family offices want more room to invest, including in digital payment tokens and insurance policies. MAS is reviewing their requests, but has yet to set out the changes.
Singapore is reviewing which investments qualify for its fund tax incentives after single family offices asked for more flexibility in their portfolios. Deputy Prime Minister and MAS chairman Gan Kim Yong said on 5 October that the requests included investments in digital payment tokens and insurance policies. He was speaking at the Global-Asia Family Office Summit.[1]
The designated-investment list sets out the types of investment that can qualify for exemption under the schemes. MAS will announce the revised list and its implementation date separately; the speech itself grants no new tax treatment to the assets mentioned.[1]
Immigration rules remain separate
Families planning both a Singapore family office and a move to the country still need to consider two sets of rules. The Global Investor Programme's eligibility and investment conditions are published separately by the Economic Development Board. The fund tax review does not change the terms on which permanent residence applications are assessed.[2]
The revised list will establish the scope of any changes. Its conditions and start date will then determine which investments are covered, and from when. Until those details are published, families cannot establish how the review will affect their existing or planned portfolios. This article reflects official material checked on 7 October 2026.
Official sources
General information, not individual legal, tax or investment advice. The applicable rules and the relevant authority determine each case.