Singapore plans tax, visa incentives to boost fund industry

Singapore will introduce tax exemptions on profits earned by fund managers and make it easier for investment professionals to obtain visas as it seeks to head off growing competition in the asset management sector, the central bank has said.
The ‌Monetary Authority of Singapore (MAS) and the finance ministry plan to exempt from tax investment profits earned by fund managers from managing certain funds, including those of single family offices. More details will be announced in the 2027...