This table is hnw.sg's register of citations: every figure and every regulatory statement on the site should be traceable here to a publisher, title, date and link, and back to the pages that cite it. Institutions update their pages, so please rely on the current version of the original page when citing; this table is updated whenever pages are reviewed.

How to read it: Date records the publication, update or revision date shown on the document or page itself; where a page shows no date, the date it was accessed is given. Used on is compiled from the sources each page actually lists in its front matter. Under Status, "Verified" means this site read the original directly, "Secondary" means it was reported by media, law firms or industry bodies, and "Pending verification" means the original could not be checked word for word, so the related figures are not quoted in the text. For Singapore regulation and tax, MAS, IRAS and Singapore Statutes Online prevail; for Hong Kong, the Inland Revenue Department and the HKSAR Government; for mainland China, the texts published by the State Council, the State Taxation Administration and the State Administration of Foreign Exchange. For specific questions on tax, foreign exchange and CRS, please obtain professional advice in the relevant jurisdiction.

1. Singapore financial regulation and legislation (MAS, Singapore Statutes Online)

Institution Title and key points Date Link Used on (pages) Status
Singapore Statutes Online (AGC) Securities and Futures Act 2001, s 4A (individual Accredited Investor: net personal assets exceeding S$2 million, net financial assets exceeding S$1 million, or income of at least S$300,000 in the preceding 12 months; primary residence counted up to S$1 million) Current version, accessed 22 Oct 2026 sso.agc.gov.sg faq, glossary, hnw-definition, overview Verified
MAS Written reply to PQ on the review of investor definitions under the SFA (AI criteria last updated in 2018; express opt-in required; institutions must still assess suitability) 2025-02-05 mas.gov.sg faq, hnw-definition, overview Verified
MAS FAQs on the Definition of Accredited Investor and Opt-In Process (opt-in regulations effective 8 Jan 2019; corporate AI net assets of S$10 million) 2019-02-04 PDF faq, hnw-definition, process Verified
MAS Singapore Asset Management Survey 2025 (assets under management of S$6.7 trillion, 76% from outside Singapore; 1,406 VCCs and 3,443 sub-funds as at 31 Dec 2025) 2026-07 (page updated 30 Jul 2026) PDF glossary, market, overview, wealth-landscape, why-singapore Verified
MAS Written reply on SFOs (more than 2,000 single family offices receiving tax incentives as at end-December 2025) 2026-08-05 mas.gov.sg market, overview Verified
MAS Written reply to PQ on licensing of SFOs under the SFA (from about 400 at end-2020 to more than 2,000 at end-2024; SFOs do not serve third parties) 2025-02-05 mas.gov.sg market, wealth-landscape Verified
MAS Opening Remarks by Mr Chee Hong Tat at the WMI Global-Asia Family Office Summit (private banking client assets grew 19% in 2024; most new applications approved within three months) 2025-09-29 mas.gov.sg market, process, why-singapore Verified
MAS Circular FDD Cir 05/2026 – Tax Incentive Schemes for Funds (conditions for 13O/13U awards from 1 Aug 2026) 2026-07-31 PDF compare, faq, scenarios, wealth-landscape Verified
MAS Fund Tax Schemes for Family Offices (current 13O/13U conditions; full conditions at vccfund.sg) Page updated 22 Sep 2026 mas.gov.sg glossary, hnw-definition Verified
MAS Revised Framework for Single Family Offices to take effect on 15 June 2026 (notification to MAS, account with an MAS-licensed bank, annual returns; transition period for existing SFOs until 15 Jun 2027) Published 11 Jun 2026 (dateline in text 12 Jun 2026) mas.gov.sg compare, faq, market, process, scenarios, wealth-landscape, why-singapore Verified
MAS Philanthropy Tax Scheme for Family Offices (100% tax deduction for overseas donations, capped at 40% of statutory income, for five years) Published 5 Jul 2023, updated 7 Oct 2026 mas.gov.sg succession-governance, wealth-landscape Verified
MAS Licensed trust companies (trust business requiring a licence under the Trust Companies Act 2005; private trust companies exempt but must appoint a licensed trust company to handle AML requirements) Updated 29 Sep 2023 mas.gov.sg compare, faq, glossary, succession-governance, wealth-landscape Verified
MAS MAS Welcomes Launch of Private Banking Code of Conduct (effective 1 Sep 2011; practitioners must pass the CACS assessment) 2011 mas.gov.sg wealth-landscape, why-singapore Verified
MAS IMC Publishes Recommendations to Strengthen Singapore's AML Framework (three pillars: prevention, detection, enforcement) 2024-10-04 mas.gov.sg cross-border-families, faq, market, why-singapore Verified
MAS Written reply on SFOs awarded tax benefits linked to money laundering case (six SFO funds; incentives withdrawn from the financial year of charge or conviction) 2024-07-02 mas.gov.sg market Verified
MAS MAS Notice 626 (enhanced due diligence for politically exposed persons: senior management approval, verification of source of wealth and source of funds) 2024-03-28 PDF Background check Verified; paragraph numbers pending verification
MAS Guidelines to MAS Notice 626 (meaning of source of wealth and acceptable evidence) 2025-06-30 PDF checklist, cross-border-families, faq, process, scenarios Verified
MAS Offers of Collective Investment Schemes (authorised / recognised schemes; restricted schemes at not less than S$200,000 per transaction) Updated 5 Oct 2026 mas.gov.sg compare, faq, hnw-definition, wealth-landscape Verified
Singapore Statutes Online (AGC) Civil Law Act 1909, s 32 (perpetuity period of 100 years or a shorter period specified in the instrument) Current version, accessed 22 Oct 2026 sso.agc.gov.sg compare, faq, succession-governance, wealth-landscape Verified
Singapore Statutes Online (AGC) Wills Act 1838 (s 4: a will made by a person under 21 is not valid; s 6: in writing, signed by the testator in the presence of two or more witnesses present at the same time; s 10: where a witness or the witness's spouse is a beneficiary, the gift to that witness or spouse is void and the rest of the will is unaffected) Current version (as displayed on 23 Oct 2026), accessed 23 Oct 2026 sso.agc.gov.sg checklist, faq, glossary, overview, process, succession-governance Verified
Singapore Statutes Online (AGC) Intestate Succession Act 1967 (statutory rules for intestate distribution) Current version, accessed 23 Oct 2026 sso.agc.gov.sg Background check Verified

2. Singapore consumer education and protection schemes (MoneySense, SDIC, LIA, CPF, MSF)

Institution Title and key points Date Link Used on (pages) Status
MoneySense (MAS) What is a will? (aged 21 or above; two witnesses aged 21 or above; the page says "witnesses must not be beneficiaries or their spouses", and under s 10 of the Wills Act the legal consequence is that the gift to that witness is void; CPF is not covered by a will) Page updated 22 Apr 2026 moneysense.gov.sg checklist, faq, process, succession-governance Verified
MoneySense (MAS) Intestacy: What if you don't have an estate plan? (intestate distribution table; does not apply to Muslims) Page updated 28 Sep 2026 moneysense.gov.sg asset-allocation, faq, overview, succession-governance Verified
MoneySense (MAS) Putting together an investment portfolio (investment goals, time horizon, risk tolerance, asset mix and market conditions; regular rebalancing) Accessed 23 Oct 2026 moneysense.gov.sg asset-allocation, faq, process Verified (word-for-word check on asset-allocation)
SDIC Deposit Insurance Scheme FAQ (up to S$100,000 per depositor per member institution; foreign-currency deposits not covered) Accessed 23 Oct 2026 sdic.org.sg asset-allocation, checklist, cross-border-families, faq, hnw-definition, overview, scenarios, wealth-landscape Verified
SDIC SDIC Consumer Guide (limit raised from S$75,000 to S$100,000 from 1 Apr 2024) 2024-08-01 PDF Background check Verified
SDIC PPF Entitlement (guaranteed sums assured capped at S$500,000 in aggregate; guaranteed surrender values at S$100,000 per life insured per insurer) Accessed 22 Oct 2026 sdic.org.sg asset-allocation, compare, faq, glossary, why-singapore Verified
SDIC Scope of PPF Coverage (covers residents and non-residents; investment-linked benefits tied directly to underlying assets are not covered) Accessed 22 Oct 2026 sdic.org.sg wealth-landscape Verified
LIA Singapore Your Guide to Nomination of Insurance Nominees (trust nominations and revocable nominations; proceeds generally protected in bankruptcy, subject to exceptions) 2026-03 (v1.0) PDF asset-allocation, checklist, compare, faq, glossary, overview, process, scenarios, succession-governance, wealth-landscape Verified
LIA Singapore 4Q2025 Results Media Release (2025 life insurance weighted new business premiums of S$6.53 billion, 44% from investment-linked products) 2026-02-11 PDF market Verified
CPF Board CPF nomination (without a nomination, savings are distributed by the Public Trustee's Office under the intestacy rules or an Inheritance Certificate for Muslims) Accessed 23 Oct 2026 cpf.gov.sg succession-governance Verified
MSF / Office of the Public Guardian What is a Lasting Power of Attorney (an LPA is a deed; aged 21 or above; must be witnessed by an LPA Certificate Issuer; Form 1 and Form 2; without an LPA, Deputyship must be applied for) Page undated, accessed 23 Oct 2026 msf.gov.sg checklist, faq, glossary, process, succession-governance Verified
MSF / Office of the Public Guardian LPA Quick Reference Guide (version 6.0; donees must be aged 21 or above) 2026-08-05 PDF Background check Verified

3. Singapore tax (IRAS)

Institution Title and key points Date Link Used on (pages) Status
IRAS Individual Income Tax rates (tax residence tests: 183 days, three consecutive years and others; resident rates 0%–24%; non-resident employment income taxed at the higher of 15% or progressive rates) Updated 27 Apr 2026 iras.gov.sg checklist, faq, glossary, overview, process, residency-tax-residence, scenarios, why-singapore Verified
IRAS Income received from overseas (foreign income remitted is generally not taxed, with exceptions) Updated 2 Mar 2026 iras.gov.sg faq, overview, residency-tax-residence, scenarios, why-singapore Verified
IRAS Gains from sale of property, shares and financial instruments (capital gains generally not taxed, except where trading in nature) Updated 27 Feb 2026 iras.gov.sg faq, residency-tax-residence, why-singapore Verified
IRAS Estate Duty (no longer levied for deaths on or after 15 Feb 2008) Updated 9 Mar 2026 iras.gov.sg faq, market, overview, residency-tax-residence, why-singapore Verified
IRAS Corporate Income Tax Rate, Rebates & Tax Exemption Schemes (corporate tax rate of 17%; partial exemption from YA 2020: 75% of the first S$10,000 of chargeable income exempt, a further 50% of the next S$190,000 exempt, up to S$102,500 exempt per year of assessment) Updated 7 Aug 2026, checked word for word 23 Oct 2026 iras.gov.sg why-singapore Verified
IRAS Calculating Trust Income Tax (trustee taxed at 17%; resident beneficiaries at personal income tax rates) Updated 2 Feb 2026 iras.gov.sg compare, succession-governance, wealth-landscape Verified
IRAS Additional Buyer's Stamp Duty (ABSD) (60% for foreigners buying any residential property; 65% for entities and trustees) Updated 27 Aug 2026 iras.gov.sg faq, residency-tax-residence, why-singapore Verified
IRAS Property Tax Rates (owner-occupied 0%–32%; non-owner-occupied 12%–36%) Updated 11 Aug 2026 iras.gov.sg why-singapore Verified
IRAS List of DTAs, Limited DTAs and EOI Arrangements (about 100 jurisdictions) Updated 4 Feb 2026 iras.gov.sg faq, residency-tax-residence, why-singapore Verified
IRAS Singapore–China DTA consolidated text (including MLI): signed 11 Jul 2007, applicable from 1 Jan 2008; Article 4(2) tie-breaker rules for individuals with dual residence Consolidated version of 1 Sep 2022 PDF residency-tax-residence Verified
IRAS CRS Overview and Latest Developments (exchanges since September 2018; reporting by 31 May; amended CRS applies from 1 Jan 2027, with exchanges expected in 2028) Updated 9 Sep 2026 iras.gov.sg crs, faq, market, overview, process, scenarios Verified
IRAS IRAS e-Tax Guide: Common Reporting Standard (Fifth Edition) (definition of cash value; no US$250,000 exemption threshold for cash value insurance contracts; identification of controlling persons; amended CRS brings in specified electronic money products and central bank digital currencies and adds reporting items such as controlling person roles and self-certification status, paras 4.2.4–4.2.5) 2026-08-11 PDF checklist, compare, crs, faq, glossary Verified
IRAS FATCA Overview and Latest Developments (2014 Model 1 IGA in force from 18 Mar 2015; reciprocal IGA in force from 1 Jan 2021) Updated 11 Aug 2026 iras.gov.sg checklist, crs, faq Verified

4. Singapore residency and immigration (EDB, MOM, ICA)

Institution Title and key points Date Link Used on (pages) Status
EDB (Contact Singapore) Global Investor Programme Factsheet (four applicant categories; investment options A S$10 million, B S$25 million, C single family office with AUM of S$200 million of which S$50 million is deployed in Singapore; processing about 12 months; not a promise of approval) Edition of 5 May 2025 PDF compare, faq, glossary, hnw-definition, process, residency-tax-residence, scenarios Verified
MOM Eligibility for Overseas Networks & Expertise Pass (fixed monthly salary of at least S$30,000 over 12 consecutive months; renewable for five years at a time) Updated 14 Sep 2026 mom.gov.sg glossary, residency-tax-residence, why-singapore Verified
MOM Employment Pass eligibility (current minimum qualifying salary from S$5,600, S$6,200 in financial services; for new applications from 1 Jan 2027, from S$6,000, S$6,600 in financial services; COMPASS 40 points) Updated 28 Apr 2026 mom.gov.sg faq, glossary, residency-tax-residence Verified
ICA Apply for Singapore Permanent Residence (eligible categories: spouses and children, EP/S Pass holders, foreign investors and others) Updated 13 Mar 2026 ica.gov.sg residency-tax-residence Verified

5. Other Singapore government agencies (ACRA, MOF)

Institution Title and key points Date Link Used on (pages) Status
ACRA About Variable Capital Companies (VCC) (VCCs can be incorporated from 14 Jan 2020) Updated 16 Mar 2026 acra.gov.sg compare Verified
ACRA; MAS Joint Media Release – MAS and ACRA launch VCC framework (joint launch announced 15 Jan 2020; site-wide wording: VCCs can be incorporated from 14 Jan 2020, launch announced 15 Jan 2020) 2020-01-15 acra.gov.sg market, wealth-landscape Verified
Ministry of Finance (MOF) The Inter-Ministerial Committee Report on Anti-Money Laundering Framework 2024-10-04 mof.gov.sg market Verified

6. Hong Kong (Inland Revenue Department, InvestHK, HKSAR Government)

Institution Title and key points Date Link Used on (pages) Status
Hong Kong Inland Revenue Department (IRD) Automatic Exchange of Financial Account Information (implemented from 30 Jun 2016; amended CRS proposed from 1 Jan 2028, subject to legislative progress) Accessed 22 Oct 2026 ird.gov.hk compare, cross-border-families, crs, faq, scenarios, why-singapore Verified
Hong Kong Inland Revenue Department (IRD) Reportable Jurisdictions (Schedule 17E Part 1: 129 reportable jurisdictions as of the 2026 batch — 74 in the 2018 batch, 1 in 2019, 51 in 2021 and 3 in 2026; mainland China is in the 2018 batch) Page undated, accessed 23 Oct 2026 ird.gov.hk crs Verified
Hong Kong Inland Revenue Department (IRD) FAQ on AEOI (individual tax residence: staying in Hong Kong for more than 180 days in a year of assessment, or more than 300 days over two consecutive years of assessment, among other tests) Accessed 22 Oct 2026 ird.gov.hk residency-tax-residence Verified
Hong Kong Inland Revenue Department (IRD) Estate Duty (abolished from 11 Feb 2006) Accessed 22 Oct 2026 ird.gov.hk Background check Verified
InvestHK New CIES – Eligibility Criteria (net assets of at least HK$30 million held for the six months before application, and an investment of at least HK$30 million; scheme launched 1 Mar 2024) Accessed 23 Oct 2026 newcies.gov.hk compare, cross-border-families Verified; investment portfolio details pending verification
HKSAR Government press releases LCQ2: Work on attracting enterprises and investments 2025-05-14 info.gov.hk compare Verified

7. Mainland China (State Council, State Taxation Administration, SAFE, legislation)

Institution Title and key points Date Link Used on (pages) Status
State Council 国务院关于对外投资的规定 (State Council Provisions on Outbound Investment, Decree No. 837; investors include resident individuals; in force from 1 Jul 2026; specific rules for resident individuals to be issued separately) Published 5 May 2026 gov.cn cross-border-families, faq, scenarios Verified
State Taxation Administration regulations database 中华人民共和国个人所得税法 (Individual Income Tax Law of the PRC; Article 1 on resident individuals; Article 3 on the 20% flat rate for income from property transfers) 2018-08-31 fgk.chinatax.gov.cn compare, residency-tax-residence Verified
State Taxation Administration regulations database 中华人民共和国个人所得税法实施条例 (Implementing Regulations of the Individual Income Tax Law, State Council Decree No. 707; Article 2 definition of "domicile") 2018-12-18 fgk.chinatax.gov.cn residency-tax-residence Verified
Ministry of Finance, State Taxation Administration 关于境外所得有关个人所得税政策的公告 (Announcement No. 3 of 2020 on Individual Income Tax Policies for Foreign Income; foreign income reported between 1 March and 30 June of the following year) 2020-01-17 fgk.chinatax.gov.cn cross-border-families, faq, overview, residency-tax-residence, scenarios, why-singapore Verified
State Taxation Administration and others 非居民金融账户涉税信息尽职调查管理办法 (Administrative Measures on Due Diligence for Non-resident Financial Account Tax Information; in force from 1 Jul 2017; covers cash-value insurance contracts) 2017-05-09 fgk.chinatax.gov.cn crs Verified
People's Bank of China (text on the SAFE website) 个人外汇管理办法 (Administrative Measures on Individual Foreign Exchange, PBOC Order No. 3 [2006], in force from 1 Feb 2007; Article 3: individual capital-account foreign exchange business managed according to the convertibility process; Article 9: annual quota for individual foreign exchange purchases, capital-account items handled under Chapter 3; Articles 16–21 list the permitted individual capital-account foreign exchange business) Published 25 Dec 2006 PDF cross-border-families, faq, scenarios Verified
State Administration of Foreign Exchange (SAFE) 现行有效外汇管理主要法规目录 (Catalogue of Major Foreign Exchange Regulations in Force, as at 30 Jun 2026; the Administrative Measures on Individual Foreign Exchange and their Implementing Rules (Hui Fa [2007] No. 1) are still listed as basic regulations in force) 2026-08-05 PDF cross-border-families Verified
SAFE Xiamen Branch 个人外汇业务服务小贴士 (Tips on Individual Foreign Exchange Services; foreign exchange purchased by individuals may not be used for capital-account items not yet opened up, such as buying property abroad, securities investment, or buying life insurance and investment-type or dividend-paying insurance; branch document, supporting source) 2021-10 PDF cross-border-families, faq, scenarios Verified (supporting)
SAFE Sichuan Branch 业务咨询常见问题一览 (Frequently Asked Questions on Business Enquiries; overseas life insurance is a capital-account item not yet opened up; branch document, supporting source) 2019-05-27 PDF cross-border-families Verified (supporting)
NPC Standing Committee (npc.gov.cn) 中华人民共和国涉外民事关系法律适用法 (Law of the PRC on the Application of Laws to Foreign-related Civil Relations; adopted 28 Oct 2010, in force from 1 Apr 2011; Articles 31–33: law governing statutory succession and the form and validity of wills) 2010-10-28 npc.gov.cn cross-border-families, succession-governance Verified

8. United States and international standards

Institution Title and key points Date Link Used on (pages) Status
IRS Some Nonresidents with U.S. Assets Must File Estate Tax Returns (non-resident non-citizens with US-situated assets exceeding US$60,000 must file) Updated 27 Jun 2026 irs.gov faq Verified

9. Industry research, company announcements and media (non-regulatory)

Institution Title and key points Date Link Used on (pages) Status
Capgemini Research Institute World Wealth Report 2026 press release (HNWI defined as investable assets of US$1 million or more; wealth tiers and 2025 global data) 2026-06-04 capgemini.com faq, glossary, hnw-definition, market, overview Verified (industry research)
UBS Global Wealth Report 2026 press release (average wealth per adult in Singapore of US$527,217, median US$96,434) 2026-06-30 ubs.com hnw-definition, market Verified (industry research)
Manulife Singapore Manulife Singapore issues a single US$300 million life insurance policy (company announcement) 2026-02-24 manulife.com.sg market Verified (company's own statement)
ABS (The Association of Banks in Singapore) Private Banking industry guidelines page (2020 revision of the Private Banking Code of Conduct and CPD hours pending verification) Accessed 23 Oct 2026 abs.org.sg Not cited yet Pending verification

10. Items pending verification (no specific figures cited in the text)

Institution Title and key points Date Link Used on (pages) Status
MAS Absolute amount of 2025 net inflows in the Asset Management Survey (the MAS report text says only that "net inflows grew 29% year on year", and the chart values carry no units) 2026-07 PDF Not cited yet Pending verification
MAS FAQs on Licensing Exemption Framework for SFOs (exact wording of "notify within 14 days" and "key employees' assets not exceeding 10%" pending a word-for-word check) 2026-06 PDF Not cited yet Pending verification
IRAS IRAS Annual Report FY2025/26 (number of comprehensive DTAs signed and in force) — No public link provided Not cited yet Pending verification
IRAS e-Tax Guide: Income Tax Treatment of Trusts (current conditions for the tax treatment of foreign trusts) — No public link provided Not cited yet Pending verification
National Development and Reform Commission (as reported by law firms and media; secondary) Administrative Measures on Outbound Investment (revised draft for consultation), published for public comment on 21 Aug 2026 2026-08-21 No public link provided Not cited yet Pending verification

Citation and update rules

  1. One figure, one wording across the site: for example, assets under management are always given as "S$6.7 trillion (MAS Asset Management Survey 2025)", the number of single family offices as "more than 2,000 as at end-December 2025 (MAS, 5 Aug 2026)", and GIP conditions are always marked "according to the EDB GIP Factsheet (5 May 2025 edition); the latest EDB documents prevail".
  2. Secondary sources are labelled as such: industry research, company announcements and media reports are used only to describe the background; the text states the nature of the source and does not treat it as a regulatory conclusion.
  3. No figures from items pending verification: for the items in group 10, the text describes the mechanism only until the original has been checked word for word.
  4. Market and historical data do not indicate the future: asset sizes, growth rates and head counts are all historical data.
  5. Reporting errors: if you find a broken source link or a change in wording, you can let us know through the contact details on this site; we will review it and update this table and the relevant pages.

Sources and dates

  1. Singapore Asset Management Survey 2025 — MAS · 2026-07
  2. Individual Income Tax rates (including Tax residency) — IRAS · 2026-04-27
  3. CRS Overview and Latest Developments — IRAS · 2026-09-09
  4. Global Investor Programme Factsheet — EDB (Contact Singapore) · 2025-05-05
  5. Your Guide to Nomination of Insurance Nominees (Mar 2026 v1.0) — LIA Singapore · 2026-03
  6. 国务院关于对外投资的规定(国务院令第 837 号) (State Council Provisions on Outbound Investment, Decree No. 837) — State Council of the PRC (gov.cn) · 2026-05-05