Singapore plans new bill to attract more of the world's millions

Singapore plans new bill to attract more of the world's millions

A view of the city skyline shrouded by haze in Singapore March 31, 2016. REUTERS/Edgar Su

Singapore, one of the world’s easiest places to do business, is making it simpler for investment managers to register funds locally as the city-state goes after a bigger slice of the $69 trillion global asset-management industry.

While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions. A new corporate structure bill introduced in parliament Monday aims to offer investors greater flexibility in that regard, and can be used for both traditional and alternative strategies, the Monetary Authority of Singapore said in a statement.

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