13O/13U
Onshore Fund Tax Incentive Scheme
(Changes wef 5 July 2023)
-
Asset Company Registration Country
Singapore local companies
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Minimum Asset Under Management (AUM)
Minimum S$20 million in Designated Investments at the point of application and throughout the incentive period
-
Business Spending Requirement
● S$200K ~ S$1 million business spending in a year, subject to tiered business spending framework
● Minimum S$200K in Local Business Spending -
Number of Investment Professionals (IPs)
Employ minimum 2 professionals, of whom at least 1 is not a family member of the beneficial owners at the point of application and throughout the incentive period
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Local Investment
● Investing lower of S$10 million or 10% of AUM in:
- Equities, REITS, Business Trusts, or ETFs listed on MAS-approved exchanges;
- Qualifying Debt Securities;
- Non-listed funds distributed by licensed financial institutions in Singapore;
- Investments into non-listed Singapore operating companies;
- Climate-related investments;
- Blended finance structures with substantial involvement of financial institutions in Singapore
● 1.5x or 2x amount invested in eligible investments recognised for Capital Deployment Requirement computation -
Approving Authority
MAS approval Required
-
Validity
Once approved, could enjoy the exemption for long term provide that you meet the exemption requirement every year. No change in investment strategy allowed after approval.
Enhanced Tier Fund Tax Incentive Scheme
(Changes wef 5 July 2023)
-
Asset Company Registration Country
Singapore or overseas companies
-
Minimum Asset under Management (AUM)
Minimum S$50 million in Designated Investments at the point of application and throughout the incentive period
-
Business Spending
● S$500K ~ S$1 million business spending in a year, subject to tiered business spending framework
● Minimum S$200K in Local Business Spending -
Number of Investment Professionals (IPs)
Employ minimum 3 professionals, of whom at least 1 is not a family member of the beneficial owners at the point of application and throughout the incentive period
-
Local Investment
● Investing lower of S$10 million or 10% of AUM in:
- Equities, REITS, Business Trusts, or ETFs listed on MAS-approved exchanges;
- Qualifying Debt Securities;
- Non-listed funds distributed by licensed financial institutions in Singapore;
- Investments into non-listed Singapore operating companies;
- Climate-related investments;
- Blended finance structures with substantial involvement of financial institutions in Singapore
● 1.5x or 2x amount invested in eligible investments recognised for Capital Deployment Requirement computation -
Approving Authority
MAS approval Required
-
Validity
Once approved, could enjoy the exemption for long term provide that you meet the exemption requirement every year. No change in investment strategy allowed after approval.
