Butler Snow’s Singapore office will concentrate on delivering U.S. tax and estate planning advice to ultra-high net worth families and family-controlled businesses. Key markets include Singapore, Hong Kong, Malaysia, Indonesia, the People’s Republic of China, Taiwan, Thailand and the Philippines, where the firm has established clients.
“Opening this Singapore office establishes the firm’s presence in Asia, amidst a growing client base,” said Butler Snow chairman, Donald Clark, Jr. “We are especially grateful to the Singapore government and the attorney general’s chambers for granting Butler Snow a license to operate.”
Kurt G. Rademacher will head up the Singapore office. He is a seasoned professional in international wealth transfer planning. Rademacher represents ultra-high net worth families and family controlled businesses throughout the world in the areas of U.S. federal income, gift and estate tax issues. He and London-based partner Brad F. Westerfield recently spearheaded Butler Snow’s expansion to Europe by opening a London office.
“We selected Singapore because it is a leading financial hub, has a business-friendly environment and offers a strong legal framework,” said Rademacher. “Its position as a convenient gateway to the rest of Asia, where many Butler Snow clients are located, makes it extremely attractive.
“Hong Kong is also an important market for Butler Snow – we are looking to establish a long-term presence in this market soon. Singapore will serve as a regional office with a full-service Hong Kong office to follow,” said Rademacher.
With a reputation for providing clients with solutions to navigate complex U.S. tax rules and regulations, Butler Snow sees tremendous opportunities and growth as the Foreign Account Tax Compliance Act and the Common Reporting Standard continue to impact the region.
Butler Snow works with clients across the U.S. and more than 30 countries.