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Singapore bolsters fund industry with tax, visa incentives to rival Hong Kong

Singapore is implementing new tax and visa incentives to strengthen its position in the global fund management industry. The Monetary Authority of Singapore (MAS) announced plans for tax exemptions on profits for fund managers handling specific funds, including those for single family offices, with further details expected in the 2027 budget. These measures aim to counter competition from Hong Kong and attract both investment funds and talent to the city-state. AI

RANK_REASON Government policy initiative to boost a financial sector. [lever_c_demoted from significant: ic=1 ai=0.1]

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Singapore bolsters fund industry with tax, visa incentives to rival Hong Kong

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  1. SCMP — Tech TIER_1 English(EN) · Reuters ·

    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 (…