{"id":9466,"date":"2023-02-20T14:07:39","date_gmt":"2023-02-20T06:07:39","guid":{"rendered":"https:\/\/rs.sbwd.website\/?post_type=market-insights&p=9466"},"modified":"2026-01-08T17:46:10","modified_gmt":"2026-01-08T09:46:10","slug":"tax-incentives-schemes-considerations","status":"publish","type":"market-insights","link":"https:\/\/rs.sbwd.website\/zh\/market-insights\/tax-incentives-schemes-considerations\/","title":{"rendered":"Tax Incentives Schemes & Considerations"},"content":{"rendered":"
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The Singapore Resident Fund Scheme was introduced to encourage fund managers to base their fund vehicles in Singapore. The main advantage of using a Singapore fund over a tax haven-based fund is that the fund management company and investment team are based in the location of the fund itself (i.e., Singapore).<\/p>

Both the SFO and VCC incorporated in Singapore are eligible to apply for the\u00a013O \u2013 Onshore Fund Tax Exemption Scheme\u00a0<\/strong>(formerly 13R) or the\u00a013U \u2013 Enhanced Tier Fund Tax Exemption Scheme<\/strong>\u00a0(formerly 13X), provided certain conditions are met.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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An SFO or VCC is eligible to apply for 13O tax exemption if it can meet the following requirements<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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  1. At least\u00a0S$200k local business spending\u00a0<\/strong>per year<\/li>
  2. Minimum fund size of\u00a0S$10 million\u00a0<\/strong>at the point of application; and within 2 years period, the fund must increase its AUM to S$20 millions<\/li>
  3. Must employ at least 2 investment professionals<\/li>
  4. Cannot be 100% owned<\/strong>\u00a0by Singaporean Fund must be incorporated in Singapore<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
    \n\t\t\t\t\t

    An SFO or VCC is eligible to apply for 13U tax exemption if it can meet the following requirements<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t
    1. At least\u00a0S$500k local business spending\u00a0<\/strong>per year<\/li>
    2. Minimum fund size of\u00a0S$50 million\u00a0<\/strong>at the point of application<\/li>
    3. Must employ at least 2 investment professionals. At least 1 of the investment professionals employed must be a non-family member<\/li>
    4. No restriction\u00a0<\/strong>on ownership of the fund<\/li>
    5. Fund must be incorporated in Singapore<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

      The Singapore Resident Fund Scheme was introduced to encourage fund managers to base their fund vehicles in Singapore. The main advantage of using a Singapore fund over a tax haven-based fund is that the fund management company and investment team are based in the location of the fund itself (i.e., Singapore).<\/p>","protected":false},"author":2,"featured_media":9620,"parent":0,"menu_order":10,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","_links_to":"","_links_to_target":"_blank"},"insights_categories":[28],"insights_tags":[],"class_list":["post-9466","market-insights","type-market-insights","status-publish","format-standard","has-post-thumbnail","hentry","insights_categories-insights"],"acf":[],"yoast_head":"\nTax Incentives Schemes & Considerations - Rockstead Capital<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Incentives Schemes & Considerations - Rockstead Capital\" \/>\n<meta property=\"og:description\" content=\"The Singapore Resident Fund Scheme was introduced to encourage fund managers to base their fund vehicles in Singapore. 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