Private Equity in Singapore

Abstract

This chapter sets out the growing importance of private equity for Singapore’s economy and provides an overview of the existing regulatory framework governing private equity in Singapore. It outlines the present legal structures and tax policies and highlights their inadequacy in encouraging fund managers to domicile the funds in Singapore. Thereafter, this chapter recognizes several promising legislative and regulatory developments that will bolster Singapore’s position as an onshore hub for private equity funds if such developments were actualized. It also proposes further reforms that will improve the operating environment for private equity funds such as introducing more liberal tax policies and modifying the limited partnership structure.