Hong Kong Family Office Tax Breaks to Extend to Gold and Precious Metals

Hong Kong family office tax breaks precious metals coverage will be expanded as the city plans to broaden preferential regimes for funds and family offices to include investments in precious metals, including gold-linked exchange-traded funds, Financial Services and the Treasury Secretary Christopher Hui said.

Hui also said Hong Kong and Shenzhen have signed a memorandum to jointly develop gold processing and trading, encouraging collaboration between Hong Kong merchants and Shenzhen refiners.

He added that overseas gold could be shipped into Shenzhen via Hong Kong for refining before being re-exported in compliance with laws.

Separately, Hui said Hong Kong has received more than 30 re-domiciliation applications since the regime launched in May, with about two-thirds approved.