Family Office Related Expenses
- Designing Family Office Structures and Due Diligence
- Company Registration Services
- First-Year Corporate Secretarial Services
- Drafting Documents Required by the Monetary Authority of Singapore
- Application for License Exemption from MAS
- Application for Tax Incentives and Exemptions
- Drafting a Family Office Investment Proposal
- Employment Pass Application Services
- Lawyer Services
- Drafting Investment Management Contracts
- Assistance in Opening Private Banking Accounts
Intermediary Service Fees
Cost: 50,000RMB
Payment Timeline
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At the signing of the contract, an initial service fee of 30,000 RMB is required. If the applicant does not receive approval from the Monetary Authority of Singapore, a deduction of 10,000 RMB will be made, and the remaining balance will be refunded to the applicant.
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After receiving approval from MAS, the client is required to pay the second installment service fee of 10,000 RMB within one week. If the applicant does not receive the approval letter issued by MOM, a deduction of 20,000 RMB will be made, and the remaining balance will be refunded to the applicant.
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After obtaining the In-Principle Approval (IPA) for the Employment Pass (EP), the client is required to pay the third instalment service fee of 10,000 RMB within one week.
Overseas Service Fees
Cost: 70,000USD
Payment Timeline
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The applicant is required to pay the first installment service fee of $20,000 USD within one week after signing the contract. If the applicant does not receive approval from MAS, a deduction of $10,000 USD will be made, and the remaining balance will be refunded to the applicant.
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The applicant is required to pay the second installment service fee of $30,000 USD within seven working days upon receiving approval from MAS. If the applicant does not receive the In-Principle Approval (IPA) issued by MOM, a deduction of $30,000 USD will be made, and the remaining balance will be refunded to the applicant.
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Within one week of receiving the In-Principle Approval (IPA) for the Employment Pass (EP), the applicant is to pay the third installment service fee of $20,000 USD.
Service Fee Included
- Local company registration services and private bank account opening services in Singapore.
- Other out-of-pocket expenses associated with third-party involvement will be based on the actual expenses incurred, including but not limited to:
- Singapore Company Maintenance Costs (e.g. local director)
- Medical Examination Fees
- Notary Fees
- Translation Costs
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© 2024 by Devino International Consultancy Pte Ltd. All Rights Reserved.
© 2024 by Devino International Consultancy Pte Ltd. All Rights Reserved.