Section 13U Enhanced Tier Fund Tax Incentive
An enhanced Singapore fund tax incentive for larger institutional funds, with higher AUM thresholds and broader eligibility.
Section 13U is the enhanced tier of the Singapore fund tax incentive regime. Designed for larger institutional and professional funds, it has a higher minimum AUM (S$50M committed at application, with build-up over time), higher minimum local business spend (S$200K), and at least 3 investment professionals based in Singapore. 13U funds may be onshore or offshore, with greater flexibility on investor profile compared to 13O.
A multi-family office structures a S$100M fund as a VCC, hires 3 investment professionals in Singapore, and applies for 13U - giving it tax exemption on investment income with broader investor eligibility.
Karman handles incorporation, compliance, and ongoing corporate services for Singapore companies, family offices, and VCCs.
Talk to our team →