Like many Ultra High Net Worth Individuals (UHNWI), the establishment of a family office in Hong Kong, to manage and control your family’s wealth is extremely advantageous. These structures are extremely common here as family offices find the tax system and the relative ease of doing business in Hong Kong particularly helpful.
Hong Kong is Asia’s key hub for finance, law, commerce and expertise is readily available to assist in creating efficient structures and to run and manage investment portfolios. Companies and individuals may import or export capital at their own discretion and profits and dividends derived from a business in Hong Kong can be freely converted and remitted.
There is no Hong Kong taxation on dividends. Also, there are no exchange controls or foreign currency regulations (except those that relate to suspected terrorist financing and money laundering) in Hong Kong. There are no restrictions on foreign ownership or on foreign directors of Hong Kong companies, although in practice, this may result in difficulties in opening a bank account.
