Hong Kong Tax Reforms May Draw More Family Offices as Rules Widen

Hong Kong family office tax reforms are expected to spur new fund launches and attract additional single-family offices once legislation takes effect next year, analysts said. Single-family offices are projected to rise from about 2,900 this year to as many as 3,500 by 2028.

The government is widening eligible vehicles for incentives, including pension and endowment funds, and removing rules that treated bond interest as incidental income that could jeopardise exemptions.

Kenny Shui of Our Hong Kong Foundation said wealthy investors are timing large commitments to secure tax and visa benefits, while officials say InvestHK has helped attract more than 200 family offices since 2022.