MAS adds new asset-management incentives as competition from Hong Kong heats up
Measures comprise new tax-exemption scheme, hedge fund investment programme, initiative to attract foreign talent
The Monetary Authority of Singapore (MAS) is implementing new measures to bolster Singapore's competitiveness as a hub for asset management amid rising competition from Hong Kong. These measures include a tax-exemption scheme, a hedge fund investment programme, and a work-pass track to attract foreign talent. The tax exemption will cover profit-related returns from fund management services provided to qualifying funds, which will take effect in the 2027 assessment year.
The hedge fund investment programme aims to support the growth of Singapore's hedge fund ecosystem and attract ancillary service providers and prime brokerages. The Overseas Networks and Expertise Pass framework will add an investment management track for foreign professionals contributing significantly to the industry. MAS emphasizes that it intends to maintain Singapore's attractiveness as a financial services hub and supports the overall competitive landscape.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
