レポート– archive –
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Which Structures Should High-Net-Worth Individuals Use to Hold Their Assets?-Asset Management, Investment, and Succession through AMCs, VCCs, SPVs, and Foundations
Yoko Hanawa (Family Office Practitioners Association of Japan)
Executive Summary In family office practice, how assets are held and managed through legal and financial structures is as important as what the family invests in. Major financial and wealth-management centres use a wide range of structur... -
How to Evaluate High-Dividend Equity and Covered Call Option Income Strategies
Hiromitsu Kawakita (Family Office Practitioners Association of Japan)
Summary • A covered call is a traditional options strategy that holds equities while selling call options. • Option Income products now extend beyond broad equity indices to high-dividend stocks and specific single stocks, sometimes emph... -
New Zealand’s Reform of the Active Investor Plus Visa
Yoko Hanawa (Family Office Practitioners Association of Japan)
A new policy model that links the attraction of wealthy individuals to growth investment by foreign capital Key Points After the April 2025 reform, applications increased sharply, reaching 904 by September 2, 2026, of which 467 had been ... -
Insourcing and Outsourcing Family Office Functions
Yoko Hanawa (Family Office Practitioners Association of Japan)
Selecting External Capabilities Through a Comparison of Global Wealth Management Platforms Executive Summary When building a family office, keeping every function in-house is not always optimal. Investment management, custody, access to ... -
What Is an EAM in Singapore? How It Differs from a Private Bank and How Family Offices Can Use It
Yoko Hanawa (Family Office Practitioners Association of Japan)
Key Takeaways EAM (External Asset Manager) is a practical term for a firm that provides investment management and advice to clients from outside a particular banking group, rather than as an internal unit of that group. Singapore does no... -
[August 2026 Update] The Optimal Approach to Wealth Management in Singapore
Yoko Hanawa (Family Office Practitioners Association of Japan)
How Should SFOs, MFOs, and VCCs Be Used? Executive Summary In 2026, Singapore's SFO framework reached another turning point. A licensing exemption framework for SFOs was introduced in June, followed in August by revisions to the requirem... -
Latest Developments in Family Office Policy in Hong Kong and Singapore in 2026
Yoko Hanawa (Family Office Practitioners Association of Japan)
- From Competition to Attract Family Offices to Ecosystem Competition Executive Summary Hong Kong had an estimated 3,384 Single Family Offices (SFOs) at the end of 2025, an increase of approximately 25% over the two years since the end o... -
How China’s Offshore Trust Taxation Is Reshaping Asian Family Offices
Hiromitsu Kawakita (Family Office Practitioners Association of Japan)
Tax Residency, Effective Control, and Liquidity Management in Hong Kong and Singapore As of August 2026 On July 24, 2026, the Ministry of Finance of China and the State Taxation Administration of China (STA) issued Announcement No. 21 of... -
The Reality of the Forest City SFO Regime in Malaysia: Realities of 0% Taxation, Substance, PoEM, and Operational Architecture
Hiromitsu Kawakita (Family Office Practitioners Association of Japan)
Following its official legislation in October 2025, Malaysia’s Forest City Single Family Office (SFO) scheme has steadily accumulated regulatory approvals. While features such as a 0% tax rate for up to 20 years and a low entry threshold... -
Why Family Governance Matters in Japan Today
Hiromitsu Kawakita (Family Office Practitioners Association of Japan)
Japan is home to a large number of companies involving founding families and business-owning families. From small and medium-sized enterprises that support regional economies to listed companies that play important roles in the capital m...
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