Hong Kong boasts almost twice the number of family offices than its nearest rival Singapore, according to a newly published report.
The study commissioned by the Hong Kong government and published by Deloitte says there are currently 2,703 single family offices operating in the city.
Singapore currently has around 1,400 single family offices, based on a statement in parliament about tax incentives made by Singapore’s deputy prime minister Lawrence Wong.
Hong Kong’s capital markets, its proximity to the mainland China market, the rise of digital technology, and the untapped potential of emerging markets in Asia were all cited as factors in Hong Kong’s family office success by Rita Chan, Hong Kong government and public services leader at Deloitte China.
Hong Kong is also set to welcome one more family office to its shores.
Dubai royal family member Sheikh Ali Al Maktoum is planning to set up an office in Hong Kong with US$500 million of assets.
The office will invest in ventures focused on technology, including AI, fintech and electric vehicles.
The Georgian Parliament did not consider the president’s substantiated remarks presented during the veto procedure on the offshore law and thus overrode the veto. In her remarks, Georgian president Salome
The European Union removed Antigua and Barbuda from its tax haven blacklist on Tuesday, an instrument that has been slammed as ineffective in the past by anti-poverty groups. The list, approved by the
Almost one in four applicants for Malta’s golden passport scheme are refused, official data seen by the Times of Malta shows. Around half the refused applications came from Russian nationals while
Press Release from Carey Olsen, Wednesday 26 March, 2025. Carey Olsen has advised bd-capital, a pan-European operator-led investment firm, on the final closing of its second fund, bd-capital Fund 2