Hong Kong's Sector Market Outlook slide image

Hong Kong's Sector Market Outlook

Hong Kong's Market Outlook Family FO Office Hong Kong as a Hub for Family Office InvestHK The Government of the Hong Kong Special Administrative Region of the People's Republic of China The Government issued the Policy Statement on 24 March 2023 to set out its stance and measures on developing a vibrant ecosystem for global family offices and asset owners. NEW 1. New Capital Investment Entrant Scheme (CIES) Min. HK$30M investment Including HK$3M in CIES investment Portfolio and HK$27M in financial assets Open for foreign nationals, Chinese nationals, Macao SAR residents and Chinese residents of Taiwan Application opens from 1 March 2024 5. A new network of Family Office Service Providers Established in June 2023, with professional service providers including private bankers, trustees, lawyers, accountants, and wealth management professionals • • • • • 2. Offering Profit Tax Concessions Concessionary tax rate of 0% for eligible FIHVS No pre-approval required Min AUM >=HK$240M HIHV managed by SFO in Hong Kong Min. 2 full-time employees required Min. HK$2M operating expenditure Max. 50 eligible FIHVS per each SFO 6. Art Storage facilities at the airport 7. Market Facilitation Measures 8. Hong Kong as a Philanthropic Centre 3. Hong Kong Academy for Wealth Legacy Launched in Nov 2023 as a training hub to bolster the sustainable growth of the entire family office ecosystem in Hong Kong 4. Dedicated FO team in InvestHK Family OfficeHK 香港家族辦公室 InvestHK Family Office Network of Family Office Service Providers Launch Ceremony 17
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