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 offer tailored discretionary fund management, IPO subscription services, and private debt solutions for Ultra High Net Worth Individuals. Our investment strategies include access to alternative assets such as carbon credits and options, designed to diversify portfolios and enhance returns.
Leading private banks entrust us as their external asset manager to deliver world-class wealth management. Our bespoke approach ensures clients receive independent advice, global access, and personalized strategies aligned with their long-term goals.
We offer a seamless, end-to-end solution for establishing and operating your Single Family Office. From securing tax exemption status to managing investments, legal, compliance, audit, tax, and corporate secretarial matters — we handle every detail with discretion and precision.
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
Our wealth management philosophy centers on long-term value and capital preservation. We combine macroeconomic insights with deep fundamental and technical analysis to identify investments with sustainable growth potential and strong risk-adjusted returns.
Every strategy is fully personalized — crafted around each client’s goals, risk appetite, and unique financial profile. Through close collaboration and a disciplined, research-driven approach, we build diversified portfolios that are resilient, dynamic, and aligned with your vision for wealth.
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
Ensures the next generations are taken care of properly
The UBO is eligible to apply for an Employment Pass and reside in Singapore
Our SFO Services
Setup & Restructuring
Guidance in establishing your SFO, including entity structuring and regulatory compliance.
Legal & Compliance
Oversight of all regulatory, legal and licensing obligations.
Tax Exemption Applicaiton
Expertise in applying for Section 13O/U tax exemption schemes in Singapore.
Audit & Tax
Coordination with auditors and tax advisors to optimise efficiency.
Investment Management
Portfolio construction, due diligence, and ongoing management across asset classes.
Corporate Secretarial
Full back-office support including governance and statutory filings.
Common SFO Structure
Common SFO Structure with a Trust
Tax Incentive Schemes in Singapore
Resident Fund Scheme (13O) | Enhanced Tier Fund Scheme (13U) | |
|---|---|---|
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 |