Singapore likely to ease regime to allow routing of offshore funds

Move may accelerate migration of offshore funds from high-risk jurisdictions such as Mauritius and Cayman Islands to Singapore

Singapore may usher in a new regime for offshore funds in the next few months, making it simpler to invest through the country. One of the chief beneficiaries of this will be Indian offshore funds operating out of Singapore. 

This change will also be a shot in the arm for offshore funds coming from other jurisdictions and looking to re-route their investments through Singapore.

The biggest change on the anvil is easier norms for investment through open-ended structures. Currently, the redemption process for open-ended funds is cumbersome. This has dissuaded entities from setting up offshore