Introduction The passing of a beneficiary before the testator is an event that could complicate the distribution of an estate, raising questions about who will ultimately inherit the assets. The legal outcomes in such situations depend on various factors, including the specific provisions within that will, and how the pre-deceased beneficiary had been related to […]

Introduction The Ministry of Manpower (“MOM”) in Singapore has introduced a new system for Employment Pass (“EP”) renewals, applicable for EPs expiring on or after 1 September 2024. Prospective renewal applicants must navigate a two-stage eligibility framework. Stage 1: Qualifying Salary In the first stage, applicants must meet the EP qualifying salary threshold. This benchmark […]

Introduction In real estate transactions, agreements like the Option to Purchase (OTP) are critical in defining the rights and obligations of both buyers and sellers. Such agreements typically outline essential terms, including price, timelines, and conditions for payment, providing a framework for a smooth and transparent transaction. However, disputes can arise when the contract’s language […]

Introduction Legacy planning, often an overlooked but undeniably crucial process, ensures that our assets are distributed according to our wishes after we pass away. Without a well-thought-out plan, the distribution and management of one’s estate, ever so often, becomes a contentious issue, leading to family disputes and the unintended distribution of assets, causing undue stress […]

Introduction Being a Singapore Permanent Resident (“SPR”) is a status coveted by many foreigners across various nationalities. This is premised on a myriad of personal considerations such as business, relocation, education, property purchase, and citizenship plans in Singapore. Where obtaining SPR is concerned, there are two routes for consideration: The first and more commonly-known route […]

Introduction With regards to land, Singapore utilizes the Torrens land registration system. This system is built upon two main components: the land register, which provides a definitive record of land ownership, and the caveat mechanism, which safeguard interests that cannot be immediately registered. The caveat system serves as a protective measure for interests in land […]

Introduction As Singapore’s population continues to age, the significance of legacy planning and will preparation has never been more crucial. An increasing number of individuals are taking a proactive approach, enrolling in courses and educating themselves about the complexities involved in legacy planning and will-drafting. However, this intricate process is rife with potential pitfalls and […]

Introduction Single Family Offices (“SFO”) in Singapore must meet a variety of statutory and compliance requirements ensure the SFO remains in good standing with regulatory authorities. Here are the key components of the obligations of an SFO in Singapore: Corporate Secretarial Services: Engaging a corporate secretary is mandatory. The corporate secretary ensures compliance with corporate […]

Introduction Introduced in 2021, the Code of Conduct for Leasing of Retail Premises (the “Code of Conduct”) in Singapore represents a significant development in the commercial real estate landscape of the city-state. This initiative aims to create a balanced, fair, and transparent leasing environment for both landlords and tenants of a qualifying lease. By establishing […]

Introduction In Singapore, the landscape of family structures is slowly evolving, mirroring global trends towards more diverse familial arrangements. While the traditional nuclear family remains prevalent, an increasing number of families are embracing non traditional configurations, including same-sex couples, non-wedded cohabitating couples, and single parent households. However, amidst the celebration of diversity, there lies a […]

What is Tech@SG Tech@SG programme is administered by two government organizations, the Singapore Economic Development Board (“EDB”) and Enterprise Singapore (“ESG”). It aims to help fast-growing companies establish their core teams in Singapore and bring aboard skilled foreign talent. Under the programme, eligible companies are assisted in two aspects: Company-level endorsement to the Ministry of […]

Introduction In Singapore, where housing affordability is a significant concern, the government has implemented various measures to support its citizens in securing suitable accommodation. One such initiative is the Additional Buyer’s Stamp Duty (ABSD) concession tailored for single Singapore Citizen (SC) seniors (“the ABSD Concession”). ABSD The Additional Buyer’s Stamp Duty (ABSD) is a tax […]

Introduction On March 15, 2024, the Monetary Authority of Singapore (“MAS”) announced changes to the application process for the S13O and S13U tax incentive schemes for single-family offices (“SFOs”). Notable changes to the application process include MAS consolidating the old Annex A and Annex B stages and requiring all necessary information to be prepared for […]

Introduction As seasoned legal practitioners in the field of Estate Planning, we are accustomed to fielding inquiries regarding Wills and the probate process on a daily basis. Among the most frequent queries we encounter are: “What are the ramifications if the original Will cannot be located? Is the submission of a copy considered acceptable?” Such […]

Introduction Deputy Prime Minister and Finance Minister Lawrence Wong had announced on 16 February 2024, as part of the Budget statement, some revisions to the property tax payable by homeowners to help with the rising costs of living. Commencing on 1 January 2025, the annual value bands for the computation of property tax will be […]