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Singapore to offer tax exemptions and visa help for fund managers
The changes, to be detailed in the 2027 budget, also include an investment programme to support hedge funds that deepen their Singapore presence.
Singapore will introduce tax exemptions for investment profits earned by fund managers and make it easier for investment professionals to obtain visas, the Monetary Authority of Singapore said, as the city state seeks to maintain competitiveness in asset management.
The Monetary Authority of Singapore and the finance ministry plan to exempt from tax profits earned by fund managers from managing certain funds, including those of single family offices, with more details to be announced in the 2027 budget.
MAS also said it would support hedge funds that are committed to establishing or deepening their presence in Singapore through an investment programme.
The policy move is aimed at giving the industry visibility, according to National Development Minister Chee Hong Tat, who is also deputy chairman of MAS, amid regional competition from Hong Kong’s efforts to expand tax-free carried-interest measures.