Hong Kong to overhaul tax regime to attract more family offices

The amendment bill will be introduced in the first half of 2026.

Hong Kong will enhance its tax regime and expand the scope of funds covered in order to attract more family offices and funds to set-up in the city, said Financial Secretary Paul Chan.

Enhancements planned include expanding the scope of "fund" to cover specific funds-of-one, as well as classifying digital assets, precious metals, and specific commodities as qualifying investments eligible for tax concessions, Chan said in the 2026-27 Budget Speech.

"We will introduce an amendment bill in the first half of this year, with a view to effecting the implementation from the year of assessment 2025/26," Chan said.

There are currently over 3,300 single family offices in Hong Kong, according to Chan.