Tax benefits like low rates of corporate income tax 8,5-17% and personal income tax rate: 0-22%, tax-free dividends, no tax on capital gains, reduced withholding tax on foreign-sourced income; connected marketplace with strong international network of Agreements: 74 DTAs (Double Tax Agreements), 41 IGAs (Investment Guarantee Agreements), 26 FTA/EPAs (Free Trade Agreement/ Economic Partnership Agreement); excellent logistics infrastructure and many more advantages makes Singapore of world’s easiest place to do business. Singapore is premier financial and IP development centre with attractive financial ecosystem allowing access to low-cost finance, and largest corporate banking centre in Asia with over 160 banks.

Many of our clients and their attorneys often ask how do we begin starting our Family Office and therefore due to the High interest in Family Offices we have decided to develop a Baby Family Office package which comes with our Mundo Club Membership.

The purchase of this package entitles full membership to our Mundo Family Office Club which provides discounts and high-quality investment information to our Mundo Members.

What is A Family Office

The Concept and mechanics of a family Office is detailed in our Forever free article {click here} but in summary is a complete and perpetual asset protection and tax optimization structure for your family with wealth management built in.

although much more affordable then you may think it is still out of many people price range, however all high wealth families started somewhere and lost a lot along the way. the package we have here is a starter Baby family office which is absolutely necessary in today’s turbulent times.

Why You Need a Baby Family Office 

Today many young people whom older investors would consider babies, both in age and experience, are making fortunes (in many cases much more than their older rivals) because they are now understanding the power of crypto and blockchain. However, these new up and coming family office owners have never had generations to consider things like site protection and tax planning and inheritance matters.

Therefore, those who are on their way to wealth or are now becoming wealthy form both crypto and other investments need a low-cost mechanism to start building their wealth and so our team of advisers and experts have come up with the Perfect Family Office starter plan.

Plan 1:

A. We establish Singapore IBC for the reason that both jurisdictions are excellent value for money have high confidentiality (owners not held on registry) and can hold crypto. The IBC has string asset protection (almost as strong as a trust but not quite). 

B. We establish a bank account in a crypto friendly bank which owns an exchange so you can convert your crypto to fiat.

C. We establish an additional account.

D. We include at no extra cost a brokerage account {we have an agreement that investors can start with 50,000] 

E. We include at no extra cost one hour's advise as to potential investments for our wealth advisors 

Total: 10660$

How This Works As a Baby Family Office 

Singapore is a reputable, highly regulated business jurisdiction with highly developed financial services industry and professional infrastructure. Profits earned in another country are exempt from taxation. The brokerage account if properly used can hedge your investment strategies by offering multiple investment options a multi-currency accounts, the same options that giant family offices utilize. The bank account allows you to hold funds in perfect confidentiality.

Services and fees

Incorporation fee: USD600 (including government fee and disbursement)

Bank account opening (Singapore): USD400

Annual secretary fee (including registered address): USD60/month to be billed annually*.

Nominee directors: USD1800 + one-time security deposit of USD2,000 (refundable)

Accounting: From 500 to 800 (yearly with no more than 100 transactions). 

Compilation report: From USD400 to USD800.

GST reporting: From 200USD (quarterly)

Taxation: From USD300 (yearly)

XBRL formal financial statement for filing with ACRA: USD200

Audit: Depends on the account's complexity

*The fee includes the routine annual filing (excluding government filing fees), AGM documents preparation, and all standard resolutions. The quoted fee does not cover share-related changes or any exercise that required EGM.

Total: USD7,160*

Mundo Price: USD 14,200

**There is a Mundo brokerage account available for USD 2,500.