Home  >   Events  >   A Look Into HWNIs Structure in Singapore: What’s In For You?

A Look Into HWNIs Structure in Singapore: What’s In For You?

Date:    21 January 2021, Thursday
Time:    2:00pm - 3:00pm
Venue:
 Webinar




Singapore, despite her la petite population of just 5.7million, in fact, has one of the highest number of ultrahigh net worth residents whose assets total over 1 billion. According to a report by U.K real estate company Knight Frank, the number of Singapore residents whose total assets exceed $30 million reached 3732 in 2020, an increase of 10.2% as compared to previous year. This goes to show that Singapore is becoming the world’s most sought-after locations for the super wealthy to set up family offices where the city state offers not only political and economic stability but as well ease of doing business.

Moreover, Singapore’s friendly tax regime which is far lower than in Europe and the US, and free-market credentials, are seeing foreign funds and assets flowing in notwithstanding the pandemic. With such an inflow of affluence, the city state’s central bank is covering some of the costs of setting up variable capital companies (VCCs) until 2023 to encourage wealth transfers from other jurisdictions. It is also observed that the local luxury property market tops the location of investment homes after Britain, the US and Australia. Riding on the same coattails, how can you ensure that you are not left behind? Find out more as our speakers share insights and their experiences in managing assets in Singapore and UK.

  • The appeal of Singapore
  • What are the typical UK HNWI structures?
  • Key areas to review from a SG perspective pre-arrival
  • A look at potential tax reform in the UK and how it can affect existing UK HNWI structures
  • What to look out for when acquiring a property in the UK and the various UK taxes that might be involved

Fee
Free Admission for Clients/ Business Associates; $80 per pax for Public

CPE Hours
1 hour

Contact Information
Marketing & Communications

6534 5700

Time
Topic
2:30pm
Opening Address
Edwin Leow, Director and Head of Tax, Nexia TS
2:35pm
A Look Into HWNIs Structure in Singapore
Director, Tax @Nexia TS
Anthony Whatling, Partner, Private Client Tax Services, London @Smith & Williamson
3:25pm
Q&A

Speaker Profiles


Shaun Zheng
Director, Tax  
Nexia TS

Shaun has varied expertise in the areas of Singapore and international taxation, with a specific focus in private clients and fiduciary structuring matters.

He has also accumulated noteworthy industry experience with a Taiwanese start-up which allowed him to gain greater appreciation of back-office operations / setup and issues pertinent to SMEs.

Shaun’s current portfolio comprises of public-listed companies, multinationals and companies from the fund and private wealth industry.


Anthony Whatling
Partner, Private Client Tax Services, London
Smith & Williamson

Anthony has over 15 years’ experience of advising high net worth individuals, offshore trusts and family offices. He has also advised private banks and wealth managers on customer tax matters, such as the tax suitability of products and services. Notable client work and achievements Advising an ultra high net worth individual and his family office on all aspects of his personal tax affairs, including the impact of becoming deemed domiciled and the acquisition of a helicopter and landed estates. Advising individual clients and their family offices on the establishment of family investment companies. Advising individuals looking to move to or from the UK. Advised on and led the implementation of an RND banking platform for a multi-national private bank.


Henry Tan
Group CEO Chief Innovation Officer
Nexia TS

Henry Tan, Group CEO & Chief Innovation Officer of Nexia TS, has been serving as advisor to clients in Singapore and the region. As Group CEO, he manages the firm and grows its footprint to a major player in the market. Henry assisted companies especially entrepreneurs since 1993 to grow their business in Asia through IPO, M&A, Accounting & other advisory. He has many years of experience in China market. Henry also sits on the board of a number of listed companies.

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