Residence permit under
Hong Kong Single Family Office

The Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Ordinance 2023 came into effect on May 19, 2023, offering profits tax exemptions for qualifying family investment holding vehicles (FIHVs) managed by eligible single family offices (SFOs) in Hong Kong. The applicable preferential profits tax rate is 0%, effective for tax years starting on or after April 1, 2022.

 

Key Advantages of Hong Kong SFO Tax Concessions:

• Investment income from qualifying transactions (e.g., financial instruments) can be exempted from profits tax

• No local investment requirements, allowing single family offices to conduct global investments

• Simple process with no need for prior approval

• No requirement to obtain a license

• Broader definition of “family members” under the scheme

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Eligibility Criteria:

• No security objection and no record of serious crime 

• Good education background, normally a first degree in the relevant filed

• Make substantial contribution to the economy of HKSAR, with consideration factors including, but not limited to, business plan, business turnover, financial resources, investment sum, number of jobs created locally and introduction of new technology or skills

• Other requirements