Singapore strengthens asset management with new tax and talent measures
The Monetary Authority of Singapore has introduced three new measures to bolster the city-state's status as a global asset management hub. These include talent-focused visa tracks, tax exemptions for fund management services, and a new hedge fund program, effective in 2027.
Why it matters
These initiatives are part of a strategic effort to maintain competitiveness against Hong Kong and attract high-value financial activities and talent to Singapore.
Singapore’s central bank announced on Aug 19 three new measures to strengthen the Republic’s attractiveness as a global asset management hub.
Listen SINGAPORE - Singapore is seeking to strengthen its position as a leading asset management hub with three new measures that would make the industry more attractive to fund managers and encourage them to anchor their business activities, capital allocation and talent deployment here.
Announced by the Monetary Authority of Singapore (MAS) on Aug 19, the measures include a new investment management track under the Ministry of Manpower’s Overseas Network and Expertise (ONE) Pass framework, which may include refining the assessment of salaries to attract top global leaders and senior investment professionals in asset management.
Other initiatives include a tax exemption for profit-related returns from the provision of fund management services to qualifying funds, and a new hedge fund investment programme.
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