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Hong Kong as an Asia Pacific hub

The last six months has seen a rapid acceleration of Hong Kong’s tax treaty programme due to its policy of supporting international efforts to enhance tax transparency by adopting Exchange of Information articles.

Hong Kong’s treaty with the UK has just entered into force. This article focuses on outbound investment from Hong Kong and its treaties with other countries. Apart from its clear business and geographical attractions these treaties and its liberal tax situation now make Hong Kong an attractive holding company location from which group trading financing and licensing activities can also be conducted. And a serious rival to other regional holding company jurisdictions such as Australia Malaysia and Singapore.

Key tax features

  • A headline tax rate of 16.5%.
  • A territorial system resulting in foreign income remaining outside the Hong Kong tax net.
  • No taxes on capital gains.
  • No controlled company (CFC) rules.
  • No withholding tax...

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