Northwaters Capital
Our Services
At Northwaters, we continuously look for ways to best serve the needs of our clients. Whether it be through the services we already offer, or by crafting a fresh approach especially made for the client. Get in touch with us for a discussion!
We provide discretionary fund management, IPO subscriptions and private debt services for Ultra High Net Worth Individuals. Our discretionary fund offerings include investments in alternative assets such as carbon credits and options.
Renowned private banking partners engage us as an external asset manager to provide clients with world-class wealth management.
We serve as a one-stop-shop to set up your SFO, apply for the tax exemption scheme and maintain the day-to-day operations, including all of your SFO's investment, legal, compliance, audit, tax, and corporate secretary needs.
Asset Management
Silver Arrow Absolute Return Fund
Similar to SVQ, SAARF also seeks to achieve outsized returns by leveraging market volatility as well as taking advantage of the mispricing of cash and equity securities in the US and Hong Kong markets through different option strategies.
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Matrix Capital Investment Fund
The Fund invests in specialised credit opportunities for capital gains, interest income or cash flow from loans and other debentures. The geographical focus of the Fund is Asia Pacific.
Wealth Management
We believe in taking a long-term fundamental approach to investing, focusing on the accumulation and preservation of wealth over time rather than short-term market fluctuations. By continuously monitoring the market and using a top-down approach along with fundamental analysis, we ensure that investment allocations are aligned with macroeconomic trends, offer long-term value and have the potential for sustainable growth.
However, we are aware that there is no one-size-fits-all when it comes to investing. That's why we work closely with our clients to better understand their circumstances, financial personality, financial goals, values and interests. This allows us to craft an investment strategy that suits their risk appetite, desired returns, liquidity needs, preferred asset allocation and any constraints we should be mindful of.
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Our fundamental macro views are obtained through intermarket analysis, supported by our team’s deep expertise and experience in various asset classes.
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Micro-asset fundamental analysis would then be conducted for individual assets through the quantitative and qualitative analysis. This ensures that the assets we invest in have growth potential and improved profitability in the long run along with an attractive current valuation.
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With our fundamental macro and micro views in place, we then layer this with technical analysis and price action at the gate-keeping stage for possible entry and exits.
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These investment positions would then be managed as a diversified portfolio ensuring that the portfolio is well-positioned to benefit from high risk-adjusted alpha returns.
Single Family Office
An SFO is a private investment and wealth management entity designed to oversee the day-to-day administration and management of a family’s financial and non-financial affairs in order to safeguard the family’s wealth. The activities undertaken include investments, philanthropy, succession planning, family governance and tax reporting.
Tailored solutions to suit clients' needs and risk appetite
Tax efficiency as SFOs are eligible to apply for the tax exemption scheme under 13O/13U
Common SFO Structure
Ensures the next generations are taken care of properly
The UBO is eligible to apply for an Employment Pass and reside in Singapore
Common SFO Structure with a Trust
Tax Incentive Schemes in Singapore
Resident Fund Scheme (13O) | Enhanced Tier Fund Scheme (13U) | |
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Reporting Requirements | Annual tax returns to Inland Revenue Authority of Singapore (IRAS), annual statements to each of its investors or publishing relevant information on their website for investors to assess if they are liable to pay a financial penalty (Effective YA2020), declaration to IRAS for any non-qualifying investors. | Annual tax returns to Inland Revenue Authority of Singapore (IRAS) and annual declarations to MAS. |
Fund Expenditure | Tiered spending requirement of at least S$200,000 in local business spending (including management fees, remuneration and other operating costs) | Tiered spending requirement of at least S$200,000 in local business spending (including management fees, remuneration and other operating costs) |
Fund Administrator | Singapore-based fund administrator | Singapore-based fund administrator where fund is incorporated in Singapore |
Fund Size | At least S$20 million in Designated Investments at the point of application and throughout the incentive period | At least S$50 million in Designated Investments at the point of application and throughout the incentive period |
Investor | Cannot be 100% owned by Singapore investors.
For all specified income to be exempted, each investor must be a qualifying investor.
Any non-qualifying investor will have to pay an amount equivalent to the tax on their share of the fund’s income. | No restrictions |
Purpose of Scheme | Aimed at Singapore Resident Funds (incorporated by a company) managed by a Singapore Fund manager. | Aimed at all funds over S$50 million managed by a Singapore Fund manager. |
Benefit of Scheme | Specified income from Designated Investments is exempted from tax. (This exempts trading gains and remittances, which are usually taxable by Singapore tax resident companies). | Specified income from Designated Investments is exempted from tax. (This exempts trading gains and remittances, which are usually taxable by Singapore tax resident companies). |
Fund Manager | Approved Singapore fund management company.
Must employ at least 2 investment professionals, at least 1 is not a family member of the beneficial owner | Approved Singapore fund management company
Must employ at least 3 investment professionals, at least 1 is not a family member of the beneficial owner |