Hong Kong faces delay to plans to attract more family offices
The city is vying with Singapore to become the family office hub in the region, but experts believe it will take time to amend important tax incentives to support this aspiration.
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The Hong Kong government is planning to make changes to tax rules in order to raise the territory’s appeal as a base for family offices. The plans are designed to make Hong Kong more competitive with financial centre rival Singapore, but market experts believe it could take a lengthy period of time to approve and implement any such changes.
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