Singapore's revised framework for Single Family Offices goes live

Existing SFOs in Singapore have a one-year transitional period to comply.

Singapore’s revised framework for single family offices (SFOs) is in effect, with the goal of streamlining and simplifying the process for SFOs to establish operations in the city.

Beginning 15 June 2026, SFOs that meet requirements need only notify the Monetary Authority of Singapore (MAS) of their operations and maintain an account with a MAS-licensed bank, the central bank said in an announcement.

SFOs are required to file a straightforward annual return with information on the total assets under management and the name of its bank.

Existing SFOs operating in Singapore will have a transitional period of one year to comply with the revised framework, or up to 15 June 2027.

The revision follows MAS’ public consultation. The industry is said to have generally welcomed the changes, and MAS said that it has incorporated provided feedback into the final framework.

MAS earlier addressed plans to simplify tax requirements of SFOs.

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Monetary Authority of Singapore

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