Hong Kong and the successful families based there have long had a reputation for generous and charitable attitudes. For family offices with a philanthropic focus, the city state offers a wide variety of opportunities and incentives says Christine Ho, deputy global head of FamilyOfficeHK.
Hong Kong and the successful families based there have long had a reputation for generous and charitable attitudes. For family offices with a philanthropic focus, the city state offers a wide variety of opportunities and incentives. Campden FB talks to Christine Ho, deputy global head of FamilyOfficeHK, a dedicated body of the HKSAR Government on the subject of effective giving.
Hong Kong’s low tax rates along with comprehensive infrastructure, little government interference and substantial available capital make it attractive to potential investors, including family offices, and thus competitive with other countries in the region, says Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.
On April 4, 2022, the Financial Services and Treasury Bureau (FSTB) submitted a paper for discussion to the Legislative Council Panel on Financial Affairs on the subject of Proposed Tax Concession for Family Offices. The objective of the proposed tax exemption is to provide tax certainty to ultra-high-net-worth individuals and their family members who hold assets via investment holding vehicles in order to attract family offices to set up and operate in Hong Kong.
With more ultra-high-net-worth families deciding to set up an Asian office, the choice of where to make a base is a vitally important one. Hong Kong has long since been a vibrant financial and cultural hub and is increasingly enticing UHNW individuals and families to set up in the city.
With more ultra-high-net-worth (UHNW) families deciding to set up an Asian office, the choice of where to make a base is a vitally important one. Hong Kong has long since been a vibrant financial and cultural hub and is increasingly enticing UHNW individuals and families to set up in the city.
With a rich tradition of philanthropy, Hong Kong is well positioned to lead Asia in addressing social needs and navigating sustainability, says Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.
Coupled with a rich tradition of philanthropy and its existing role as a global center of business and commerce, Hong Kong is well positioned to lead Asia in addressing social needs and navigating sustainability as well as families’ succession.
Hong Kong has a rich tradition of philanthropy. Both the public and private sectors have been front and center in addressing social challenges throughout history.
Hong Kong is increasingly attracting global family offices who want to grow their investments in Asia, particularly Mainland China, says Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.
Hong Kong is increasingly attracting global family offices who want to grow their investments in Asia, particularly Mainland China. According to Campden Wealth’s Global Family Office Report 2021 (the Report) [1], setting up an office in the city provides easier access to investments in the region.
As a well‐recognised premier international financial and wealth management centre with the second largest number of ultra-high-net-worth individuals in the world, Hong Kong offers many unique advantages for family offices to operate and grow, explains Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.
As a well‐recognised premier international financial and wealth management centre with the second largest number of ultra-high-net-worth individuals (UHNWIs) in the world[1], Hong Kong offers many unique advantages for family offices to operate and grow, explains Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.
