It has been a volatile 2007 for the stock markets, and perhaps not a good start to 2008. But one certainly can’t say the same of Singapore’s policies towards the fund management industry. The policy has been stable and consistent in wooing fund managers to set up shop here. The government has adopted a proactive approach in building its position as a key fund management centre in Asia.
Singapore's pro-business regulations, mature infrastructure and government support for the wealth management sector continue to be draw cards for fund managers. These factors, coupled with an attractive tax environment have reinforced Singapore’s strong foothold in the region. One of the common tools used by the government to further stimulate growth in this industry is tax incentives. The government has continued to fine-tune tax incentives in the fund management industry to keep Singapore a step ahead of other financial centres.
