Loading...

No results found

Header image

The proposed family office tax exemption regime in Hong Kong: a comparative view

Corporate Tax | 04/04/2023

Hong Kong seems determined to go "head to head" with Singapore in attracting global family offices to bring their wealth to the city. On March 24 2023, the Hong Kong government issued a new Policy Statement on Developing Family Business in Hong Kong, on the same day when the inaugural closed-door "Wealth for Good in Hong Kong" summit which was reportedly attended by over 100 global family office representatives was held.

In a previous briefing note, we discussed the licensing requirements for family offices under the Securities and Futures Ordinance in Hong Kong. In this article we provide a high level comparison between Hong Kong's proposed profits tax concessions for family-owned investment vehicles (the "HK Scheme") and Singapore's Sections 13O and 13U tax exemption schemes for family offices (collectively, the "Singapore Scheme") with a view to assisting high net worth ("HNW") families to find the legal structures that best suit their wealth preservation needs and long term objectives.

Click here to read more.

点击此处阅读中文版本

Share Article

Share on Linkedin Share on Bluesky

Related Expertise

Corporate Tax Personal Tax

Contributors

Wei Kang

Partner

Hong Kong

Sheetal Sandhu

Partner at Virtus Law*

Singapore

Yi Lee

Managing Associate

Singapore

Tze Wei Ng

Associate

Hong Kong

Related Articles

Carousel Images3

Stephenson Harwood promotes eleven to partnership

Corporate
Carousel Images11

Partner Gerald Montagu joins Stephenson Harwood’s Tax Practice

Corporate Tax
Carousel Images3

Stephenson Harwood advises Middlefield Canadian Income fund on groundbreaking ETF transition

Private Capital & Funds
Carousel Images10

Arbitration - conflict of laws – applicability of arbitration clause – Anti-suit injunction [Shell Petroleum v Sunlink Energies]

Corporate Tax
Carousel Images12

Evelyne Bagdassarian joins Stephenson Harwood as partner

Corporate Tax
Carousel Images8

Update on Hong Kong's refined foreign-sourced passive income taxation regime

Corporate Tax
Carousel Images7

Share acquisition documents: Private acquisitions

Corporate
Carousel Images4

Revisions to the proposed family office tax exemption regime in Hong Kong: the key takeaways

Insights
Carousel Images10

Stephenson Harwood advises on US$685 million syndicated loan

Maritime, Trade & Offshore