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Jurisdictions · By country

Family Office Minimum Net Worth by Country: 37 Hubs Compared

Six of the 37 places we track set a minimum family wealth for a single family office or its dedicated route: Dubai's DIFC (USD 50 million in family net assets, confirmed every year), Malta (combined net assets above EUR 50 million and EUR 5 million in the family's notified fund), Abu Dhabi's ADGM (USD 10 million), Mauritius (USD 5 million under management or administration, at all times), Qatar's QFC (USD 5 million in investable assets, as reported by law firms) and Dubai's DMCC (USD 1 million in investible or liquid assets when applying). Singapore, Hong Kong, India's GIFT City and Malaysia's Forest City set no minimum for the family, but tie tax incentives or the fund to a size: SGD 20 million or SGD 50 million for Singapore's 13O and 13U incentives, HK$240 million for Hong Kong's 0% FIHV tax rate, a fund of USD 10 million within three years in GIFT City, and RM30 million (about USD 7.3 million) in the family's investment company at each year end for Forest City's 0% tax incentive. Greece's family office tax regime has no wealth test either, but needs at least EUR 500,000 of operating costs in Greece each year and five employees. Bahrain sets no amount for the office, but its central bank's glossary says family clients must be accredited investors (USD 1 million net worth). Twenty-four places set none, because no family office rule there sets a wealth test: Switzerland, Germany, Italy, Luxembourg, Monaco, Liechtenstein, Cyprus, Jersey, Guernsey, the UK, the US, Portugal, Spain, France, South Africa, Canada, Australia, Ireland, Turkey, Japan, the Cayman Islands, the Bahamas, the British Virgin Islands and Bermuda (for Cyprus and South Africa this rests on law firms, and for France on French notaries). In Saudi Arabia we found no family office regime and no figure.

A minimum for the family office or its dedicated route

Dubai (DIFC) USD 50 million in family net assets, confirmed every year details and sources
Malta EUR 5 million in the NPIF; investors' aggregate net assets over EUR 50 million details and sources
Abu Dhabi (ADGM) USD 10 million in family net assets details and sources
Mauritius USD 5 million net assets under management or administration, at all times details and sources
Qatar (QFC) USD 5 million in investable assets, per law firms (official text not opened) reported details and sources
Dubai (DMCC) USD 1 million in investible or liquid assets when applying details and sources

No family minimum, but a fund, spending or client test

India (GIFT City) No family wealth test; fund corpus of USD 10 million within 3 years (IFSCA FAQs) details and sources
Singapore None for the exemption; SGD 20 million (13O) or SGD 50 million (13U) for tax incentives details and sources
Malaysia (Forest City) RM30 million (about USD 7.3 million) SFOV AUM at each year end; RM50 million in years 11-20 details and sources
Hong Kong None for the SFO; HK$240 million in specified assets for the 0% FIHV tax rate details and sources
Greece No wealth minimum; tax regime needs EUR 500,000 yearly costs in Greece and 5 staff details and sources
Bahrain No amount for the office; Glossary: family clients must be accredited investors (USD 1m) details and sources

No minimum in the rules

Switzerland No wealth minimum in the FinIA exemption; it turns only on family or business ties details and sources
Germany No wealth minimum in BaFin's family office guidance or the WpIG group exemption details and sources
Italy No wealth minimum in the rules checked; no family office regime details and sources
Luxembourg No minimum family wealth in the 2012 law or the CSSF conditions details and sources
Monaco No minimum family wealth in Law 1.439, which excludes one family's own office details and sources
Liechtenstein No wealth minimum in the rules checked; no family office regime details and sources
Cyprus No minimum in law (reported); internally managed AIFLNP fund: EUR 50,000 capital reported details and sources
Jersey No wealth minimum in JFSC rules; registration turns on activities, not assets details and sources
Guernsey No wealth minimum in the PTC limited permission or Family PIF criteria details and sources
United Kingdom No wealth minimum in the FCA group exclusion or company rules; no family office regime details and sources
United States No minimum set by law details and sources
Portugal No wealth minimum in the Securities Code rules checked; no family office regime details and sources
Spain No wealth minimum found; Spain has no family office regime details and sources
France No wealth minimum found; no French text regulates family offices reported details and sources
South Africa No wealth minimum in the FAIS Act rules read; none for a family office (ENSafrica) reported details and sources
Canada No wealth minimum in NI 31-103, its Companion Policy or the Alberta Paragon order details and sources
Australia No wealth minimum in the Corporations Act licensing rules (s911A) or ASIC's guide details and sources
Ireland No wealth minimum in the MiFID Regulations 2017 or Central Bank authorisation guidance details and sources
Turkey No wealth minimum in the rules checked; no family office regime details and sources
Japan No wealth minimum in the FSA guidebook; its JPY 50m minimum capital is for registered firms details and sources
Cayman Islands No wealth minimum in SIBA or the PTC rules; licensing turns on activities, not assets details and sources
Bahamas No family wealth minimum; PTC capital $5,000, Registered Representative $50,000 details and sources
British Virgin Islands No wealth minimum in SIBA or the private trust company exemption details and sources
Bermuda No wealth minimum in the investment business or PTC exemption rules details and sources

No family office regime, no figure found

Saudi Arabia No official figure found details and sources

What to take from the table

  • The market expects more than the law. When it adopted its family office rule in 2011, the US SEC noted that family offices "generally serve families with at least $100 million or more of investable assets"; that describes the market, not a requirement.
  • Check how each minimum is measured. DIFC counts the family's total net assets and asks for confirmation every year; Mauritius counts the net assets the office manages or administers, at all times; DMCC tests USD 1 million in investible or liquid assets when you apply; GIFT City tests the fund, which must reach USD 10 million within three years; Forest City tests the family's investment company at the end of each year, RM30 million rising to RM50 million in years 11 to 20. For Qatar the official wording could not be checked.
  • Some places test spending and staff instead of wealth. Greece's article 71H regime needs EUR 500,000 of operating costs in Greece each year and five employees; in its first ten years, Forest City's incentive needs an office of at least 450 sq ft, two full-time officers each paid at least RM10,000 a month and RM500,000 of local spending a year.
  • Malta's test is a fund test, not a licence. The family's investors must put at least EUR 5 million into a notified fund and hold more than EUR 50 million of net assets together; the regulator looks through the structure rather than testing each person.
  • One regulator, one order. Canada has no family office rule; Alberta's securities regulator exempted one single family office, Paragon Capital, in September 2024, with no asset threshold for its family clients.
  • ADGM lowered its bar. Law firms report a USD 30 million minimum in net investable or liquid assets from September 2024, cut to USD 10 million in family net assets after a notice of 1 May 2025.
  • Residence can need far more than the office. Singapore's permanent residence route for family offices (Global Investor Programme, Option C) needs SGD 200 million under management, ten times the SGD 20 million of the 13O tax incentive.
  • A capital rule or a licence trigger is not a wealth test. Luxembourg's Family Office PSF needs share capital of at least EUR 50,000 and a Monaco SAM company EUR 150,000; Ireland's EUR 75,000 to EUR 750,000 and Japan's JPY 50 million are the initial capital of an authorised investment firm. These apply to the company, not to the family. The EUR 500,000 in Germany's BaFin guidance on portfolio management marks the point above which it generally expects a commercial business when managing other people's money, not a minimum.

"Minimum wealth" in each row is a one-line summary; each guide gives the full rule with numbered sources. Reported means a law firm or another reliable source, not an official one.

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