business πΈπ¬ Indian family offices choosing Singapore for global investments
Indian family offices are setting up or exploring entities in Singapore to pursue overseas investments in tech sectors. This move is driven by the limitations of Indiaβs Liberalised Remittance Scheme, which caps remittances at $250,000 per financial year. Major offices like Baldota Family Office have already chosen Singapore over Dubai and GIFT City for their offshore setups. These entities allow them to deploy capital globally at much larger scales and access unique investment strategies like hedge funds. The trend reflects growing Indian wealth seeking diversification and easier global capital flow. π