New profit tax waiver enhances ‘attractiveness of Hong Kong’ as international family-office hub says InvestHK

A tax incentive introduced by the Hong Kong government last month for family offices is attracting interest from such firms globally, according to InvestHK.

The city will waive a 16.5 per cent tax on profits generated from global stocks, bonds and other qualified investments by family offices set up in Hong Kong. Family offices are firms set up by wealthy families or individuals to invest their fortunes, manage their succession plans and pursue their philanthropic endeavours.