Hong Kong has implemented specific measures to attract family offices, offering exclusive incentives for UHNWI seeking favourable tax regimes and robust business environments
Discussing the upcoming abolition of the non-domicile tax regime in the UK, the new residency-based system and the future taxation of offshore trusts
A comprehensive overview of the estate administration process in Hong Kong, including legal requirements, procedures, and practical considerations
Key considerations on relocation packages when moving to Hong Kong – including allowances, pension and insurance, school arrangements, tax and bonuses
In the past few years several countries recognized the economic advantages of attracting expats and adapted their tax systems to become more attractive by offering tax incentives, simplifying procedures, and providing competitive tax rates
Relocation packages are a valuable resource for individuals and offer a range of benefits and support to ensure a smooth transition into the new environment
“In the Chief Executive’s 2023 Policy Address, the Hong Kong Government intends to facilitate no less than 200 family offices to set up operations or expand their business in Hong Kong from 2022 to 2025.” – The Chief Executive’s 2023 Policy Address (25 October 2023)
It is crucial that companies assess the Permanent Establishment risk before undertaking a remote working policy
We are in a new age, working remotely abroad is achievable and hugely appealing, however it is paramount that the legal right to work is first considered
UK-owned assets passed to loved ones can attract tax upon death – everyone should understand the implications and plan appropriately!