Hong Kong InvestHK Department Targets 60 New Family Offices by End-2025, 140 New Family Offices Brought into Hong Kong Since 2021, Family Office to Invest at Least $30 Million (HKD 240 Million) in Hong Kong to Receive Tax Benefits
26th December 2024 | Hong Kong
Hong Kong InvestHK department is targeting 60 new family offices by the end of 2025, with 140 new family offices brought into Hong Kong since 2021. Family offices are required to invest at least $30 million (HKD 240 Million) in Hong Kong to receive tax benefits. Invest Hong Kong (InvestHK) is the Hong Kong Special Administrative Region (HKSAR) Government Department responsible for Foreign Direct Investment. In 2024 December, Philippines conglomerate & billionaire family The Kho Group setup a family office in Hong Kong. The Kho Group was founded by Kitson S. Kho & Luis Kho in 1983, and currently has diversified businesses in natural resources, shipping, land & property, high-end retail and investment management. Investment management group TKG Investment Management currently has more than $3 billion AUM. InvestHK (10/12/24): “Invest Hong Kong (InvestHK) announced today (December 10) that the Kho family from the Philippines, who established The Kho Group (TKG), has set up a family office in Hong Kong. This demonstrates Hong Kong’s position as the leading hub for family offices … … Since its establishment by the Kho family in 1983, TKG has accumulated more than 40 years of diversified investment experience in Mainland China and Southeast Asia and has become one of the early overseas Chinese companies to make overseas investments. TKG mainly covers five businesses, namely the supply of natural resources, shipping business, land and property development, high-end retail, and investment management.” Earlier in 2024 December, Hong Kong Financial Services & the Treasury Bureau circulated a consultation paper proposing capital gains tax exemptions for eligible private funds & family offices on assets including private credit, carbon credits, overseas properties & virtual assets.
“ Hong Kong InvestHK Department Targets 60 New Family Offices by End-2025, 140 New Family Offices Brought into Hong Kong Since 2021, Family Office to Invest at Least $30 Million (HKD 240 Million) in Hong Kong to Receive Tax Benefits “
Invest Hong Kong – Invest Hong Kong (InvestHK) is the Hong Kong Special Administrative Region (HKSAR) Government Department responsible for Foreign Direct Investment. InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Our mission is to attract and retain foreign direct investment which is of strategic importance to the economic development of Hong Kong. In all our services, we apply the following core values: passion, integrity, professionalism, customer service, business friendliness, responsiveness, collaboration and innovation. We work with overseas and Mainland entrepreneurs, SMEs and multinationals that wish to set up an office – or expand their existing business – in Hong Kong. We offer free advice and services to support companies from the planning stage right through to the launch and expansion of their business.
Hong Kong InvestHK Department Targets 60 New Family Offices by End-2025, 140 New Family Offices Brought into Hong Kong Since 2021, Family Office to Invest at Least $30 Million (HKD 240 Million) in Hong Kong to Receive Tax Benefits
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