66306

Single/multiple family offices activities

classLevel 4Use for ACRA Registration

This sub-class includes fund management activities performed for a single or multiple families on a fee or contract basis, such as management of fund, investments and/or trusts.

SSIC Guide

Tax Incentives & Schemes

4 schemes that businesses in this SSIC code may qualify for. Eligibility is case-by-case — talk to the relevant authority.

Tax exemptionIRASPTE

Partial Tax Exemption (PTE)

Benefit: First SGD 10,000: 75% exemption; next SGD 190,000: 50% exemption. Available to all companies (including those past their 3-year SUTE window).

Eligibility: Singapore tax-resident company.

Tax exemptionIRASSUTE

Start-Up Tax Exemption (SUTE)

Benefit: First SGD 100,000 of chargeable income: 75% exemption; next SGD 100,000: 50% exemption. For each of the first 3 YAs after incorporation.

Eligibility: Newly incorporated SG-resident company, ≤ 20 individual shareholders (or one corporate holding ≥ 10%), not in investment-holding or property-development.

Note for SSIC : Excludes 64202 investment holding & 41001/68101 property development

Tax exemptionMAS13O

Section 13O — Singapore Resident Fund Scheme

Benefit: Income tax exemption for funds managed by a Singapore-resident fund manager, subject to investment-professional headcount, AUM, and business-spending requirements.

Eligibility: Family office or fund vehicle structured as Singapore tax resident; CMS-licensed or exempt fund manager; minimum AUM and local-spend thresholds.

Tax exemptionMAS13U

Section 13U — Enhanced-Tier Fund Scheme

Benefit: Income tax exemption for larger funds (AUM ≥ SGD 50M) with higher local-spend and headcount thresholds than 13O. Open to both onshore and offshore vehicles.

Eligibility: Fund managed by a CMS-licensed manager; AUM ≥ SGD 50M; investment-professional headcount and local business spend in Singapore.

Worth applying for any of these?

We screen eligibility and shape the application — most schemes are discretionary and need a substantive activity case.

Foreign Worker Levies

This SSIC code falls under MOM's Services sector for foreign-worker levy purposes. Levies below apply per worker per month, paid by the employer in addition to salary.

S Pass

TierMonthlyConditions
Tier 1SGD 550Up to 10% of total workforce

Work Permit

TierMonthlyConditions
Higher-skilled (Tier 1)SGD 300Up to 10%
Basic (Tier 1)SGD 450Up to 10%
Basic (Tier 2)SGD 60010–25%
Basic (Tier 3)SGD 800>25% (up to DRC of 35%)

Hiring foreign workers in this sector?

We handle Work Permit, S Pass, and EP applications alongside the incorporation — and check Dependency Ratio Ceilings before you commit headcount.

Levies and Dependency Ratio Ceilings are reviewed periodically by MOM (rates above effective 2024-09-01).

Classification Path

Section
L-FINANCIAL AND INSURANCE ACTIVITIES
Division
66-ACTIVITIES AUXILIARY TO FINANCIAL SERVICE AND INSURANCE ACTIVITIES
Group
663-FUND MANAGEMENT ACTIVITIES
Current class
66306-Single/multiple family offices activities

Need help choosing?

Our guide helps you find the right SSIC code for your business activity.

Read the SSIC Guide