Overview

Family offices set to reshape wealth management landscape. More wealthy families are establishing family offices to manage their wealth as wealth management becomes institutionalised. Each family office has its own unique set of wealth management needs, such as managing family businesses, providing services for future generation and, etc. Careful planning to align with their long-term goals, overarching strategy and tax benefits can make setting up a family office seamless and efficient.

As a well‐recognised premier international financial centre and wealth management centre, Hong Kong offers many advantages for setting up family offices business, including cross-border market initiatives and tax concessions for family-owned investment holding vehicles (“FIHV”). This webinar will provide a market outlook for the family office ecosystem and highlight the relevant tax implications in Hong Kong.

Content

Key topics to be covered:

• What makes Hong Kong the premier choice for family offices
   - Understand the key strengths that family offices can capitalise on while operating in Hong Kong and the Hong Kong government initiatives to promote family offices in HK
• Capitalising on the New Family Office Tax Concessions

The new tax concessions for FIHV have now been put into effect, see how family offices can leverage on these new benefits and grow further.

Who should attend

This webinar is primarily targeted at fund managers, asset managers, in-house counsel & compliance officers, senior management such as Responsible officers, Managers-in-Charge, directors, wealth management staff and professionals already working in the family offices sector.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).