The setup for family offices varies according to the investment needs of individual investors. The setup can be a formal structure (e.g. establishing an independent company) or an informal structure (e.g. entrusting the existing employees of the family enterprise or employ independent advisers as the administrator). The main applicant will set up two companies, of which one is a fund company, and the other is the family office. The family office provides fund management services to fund entities (the incorporated company registered or established in Singapore), applicable to the tax exemption plan of Singapore for fund (13O/13U). The fund manager (main applicant) obtains an Employment Pass (EP) through the management of the family office for the assets owned by the applicant or the family.