Deloitte China tax partner Roy Phan stated today (Nov. 12) that as of the end of May this year, approximately 90 family offices registered to the InvestHK have been newly established, and over 130 high-net-worth family offices or individuals are preparing to set up family offices in Hong Kong.
Phan noted that the demand for establishing family offices has remained strong, with families from mainland China, Southeast Asia, and other regions in Asia and Europe expressing interest in setting up single-family offices in Hong Kong. He believes that Hong Kong's tax incentives and legal system are attractive.
Deloitte suggests promoting the establishment of single-family offices in Hong Kong by high-net-worth families or individuals from the mainland in three phases, believing that a closed-loop management approach can facilitate investment in the Hong Kong market and attract investment and talent, which would benefit both family offices and local investments.
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