Recent Developments
Government Initiatives: The Hong Kong government has set a target to attract 200 family offices by 2025. This initiative includes significant tax incentives and streamlined regulations aimed at making the establishment and operation of family offices more efficient and appealing. According to UBS, Hong Kong’s regulatory environment is less stringent compared to other major financial hubs, which facilitates quicker and easier setup processes.
Market Growth: The market for family offices in Hong Kong has been expanding, with a notable increase in high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) seeking to establish family offices in the city. This growth is bolstered by Hong Kong’s position as a gateway to China and its robust financial infrastructure.
Advantages and Benefits
Strategic Location: Hong Kong’s proximity to Mainland China offers unparalleled access to the Greater Bay Area, making it an ideal hub for managing investments in one of the world’s fastest-growing regions.
Tax Incentives: The Hong Kong government provides attractive tax policies for family offices, including tax exemptions on certain investment incomes. This is designed to enhance operational efficiency and profitability.
Regulatory Support: The regulatory environment in Hong Kong is conducive to business, with minimal bureaucratic hurdles and a supportive framework that encourages international investments.
Financial Expertise: Hong Kong boasts a highly skilled workforce of financial professionals, providing family offices with access to top-tier talent and advisory services.
Investment Opportunities: The city’s financial markets offer a diverse array of investment opportunities, ranging from traditional assets like equities and bonds to alternative investments such as private equity and real estate.
Suitable Investors
Family offices in Hong Kong cater to a variety of investors, including:
High-Net-Worth Individuals (HNWIs): Individuals with substantial family wealth looking for professional management and investment diversification.
Entrepreneurs and Business Owners: Those seeking to protect and grow their wealth through diversified investment portfolios.
Impact Investors: Investors interested in leveraging their capital for social and environmental benefits. Hong Kong has seen a growing trend in impact investing, driven by both local and global family offices.
WALL was established in 2016 and is headquartered in Hong Kong. We support businesses in their growth and global expansion, driving positive changes. We offer a comprehensive range of professional services, including: