Shorter processing time for family offices as MAS takes 'risk-proportionate' approach to attract the ultra-rich

Government

"When we talk about risk, we take a risk-proportionate approach, and not a zero-risk approach. Because if we are overly 'kiasu', I think we would not be able to capture new opportunities," says National Development Minister Chee Hong Tat. SINGAPORE: Most family offices have seen shorter processing times of within three months for their tax incentive applications, down from the previous 12 months, said National Development Minister Chee Hong Tat on Wednesday (Jul 9), as he laid out how Singapore