Hong Kong Announces Tax Concessions for Family Entities Managed by Single Family Offices
25th February 2022 | Hong Kong
The Hong Kong government has announced new tax concessions for eligible family management entities managed by single family offices. The announcement was made by Hong Kong SAR (Special Administrative Region) Financial Secretary Paul Chan in the FY2022-23 Budget, with tax concession expected to come into effect in the coming fiscal year. Dixon Wong, Head of Financial Services and Global Head of Family Office at InvestHK: “We are confident that these measures can further strengthen Hong Kong’s position as a family office hub in Asia. The connectivity with China and the world has allowed Hong Kong to become a “super-connector” and the city’s existing advantages of having a well-established legal system, competitive tax system, and world-class professionals specializing in asset management, will all help to create a conducive environment for family offices to develop in Hong Kong.”
“ Hong Kong Announces Tax Concessions for Family Entities Managed by Single Family Offices “
Setting up Family Office in Hong Kong
Dixon Wong, Head of Financial Services and Global Head of Family Office at InvestHK:
“We are confident that these measures can further strengthen Hong Kong’s position as a family office hub in Asia. The connectivity with China and the world has allowed Hong Kong to become a “super-connector” and the city’s existing advantages of having a well-established legal system, competitive tax system, and world-class professionals specializing in asset management, will all help to create a conducive environment for family offices to develop in Hong Kong.”
FamilyOfficeHK
InvestHK offers a wide range of customised services, free of charge, to support your family office set up. It is also a central point of contact that can connect you with other relevant Government agencies and financial regulators, such as the Hong Kong Monetary Authority and Securities and Futures Commission. InvestHK’s key areas of services include: Planning, Set-Up, Launch, Expansion. Visit: Family Offices HK
InvestHK
InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Our mission is to attract and retain foreign direct investment which is of strategic importance to the economic development of Hong Kong. In all our services, we apply the following core values: passion, integrity, professionalism, customer service, business friendliness and responsiveness. We work with overseas and Mainland entrepreneurs, SMEs and multinationals that wish to set up an office – or expand their existing business – in Hong Kong. We offer free advice and services to support companies from the planning stage right through to the launch and expansion of their business. Visit: InvestHK
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