Singapore 13O / 13U Eligibility Checker
Enter your fund's AUM, qualifying investment professionals, annual Singapore spending and capital deployed in Singapore. The checker compares your inputs with the published MAS criteria for single-family-office 13O and 13U funds and flags any gaps.
- TL;DR — short answer
- For single-family-office funds awarded from 1 August 2026: 13O / 13OA needs S$20 million AUM and 2 investment professionals (apply with 1); 13U needs S$50 million AUM and 3 investment professionals (apply with 2) — each with at least one non-family professional by the end of the first financial year. Both need local spending tiered by AUM (S$200,000 / S$500,000 / S$1 million) and capital deployment of at least the lower of 10% of AUM or S$10 million.
General information, not tax or legal advice.
Important caveats.
- General information, not tax or legal advice — never a substitute for a qualified Singapore family-office advisor.
- MAS applies discretionary review on top of published numerical thresholds. Marginal applications often need pre-application engagement.
- Not tested here: Section 13O (Singapore Resident Fund Scheme) requires a Singapore-based fund administrator; both schemes require a private banking account with an MAS-licensed financial institution. Other conditions in the circular also apply.
- Local spending and AUM are tested at each financial year-end; capital deployment is first tested at the end of the first full financial year after the award starts, then every year-end.
- The schemes expire on 31 December 2029; awards approved by then continue for the life of the fund while conditions are met.
- Per MAS Circular FDD Cir 05/2026 (31 July 2026), for new single-family-office awards from 1 August 2026. Verified 14 September 2026. Read the MAS circular before relying.
Where to go next
13O / 13U eligibility checker — FAQs
How accurate is the 13O / 13U eligibility checker?
The checker applies the conditions in MAS Circular FDD Cir 05/2026 — Tax Incentive Schemes for Funds (31 July 2026) for single-family-office funds awarded from 1 August 2026. Section 13O/13OA: minimum AUM S$20 million at application and each financial year-end, and 2 qualifying investment professionals (you can apply with 1), including at least 1 non-family member by the end of the first financial year of the award. Section 13U: minimum AUM S$50 million, and 3 qualifying investment professionals (you can apply with 2), including at least 1 non-family member by the end of the first financial year of the award. Both: minimum local spending of S$200,000 a year where year-end AUM is below S$250 million; S$500,000 from S$250 million to below S$2 billion (at least S$300,000 local business spending); S$1 million at S$2 billion or more (at least S$500,000 local business spending); and capital deployment of at least the lower of 10% of AUM or S$10 million in qualifying investments. It is a factual filter on published criteria — general information, not tax or legal advice — and MAS approval remains discretionary.
What if I am close to but below a threshold?
The checker flags each threshold you are below and the size of the gap. Minimum AUM is tested at application and again at each financial year-end, so a fund just above S$20 million (13O) or S$50 million (13U) at application still has to meet it every year. Family-business investments do not count toward minimum AUM.
Does the checker handle 13O → 13U migration?
Indirectly. Run the checker once with your current state to compare against 13O criteria. Run again with planned future AUM + headcount + spend to compare against 13U criteria. The gap between the two is your migration roadmap.
What counts toward the capital deployment requirement?
An SFO fund must invest at least the lower of 10% of AUM or S$10 million in qualifying investments in 3 options: Listed on MAS-approved exchanges; Distributed by MAS-licensed financial institutions in Singapore (excluding equities listed outside approved exchanges); Non-listed Singapore-incorporated companies with operating businesses and substantive presence in Singapore. Certain categories count at twice their value, including equities listed on mas-approved exchanges. The requirement is first tested at the end of the first full financial year after the award starts, then every year-end.
How is the minimum local spending worked out?
It is tiered by the fund's AUM at financial year-end: S$200,000 a year where year-end AUM is below S$250 million; S$500,000 from S$250 million to below S$2 billion (at least S$300,000 local business spending); S$1 million at S$2 billion or more (at least S$500,000 local business spending). Above the first tier, the balance over the local-business-spending minimum may be eligible donations and grants to blended-finance instruments, with grants counted at twice their value.
Planning a Singapore family office?
We can introduce you to MAS-registered family-office service providers and Singapore tax/legal partners covering 13D / 13O / 13U structures. Typical client portfolio S$20M+.