Hong Kong Trust AdministrationAlthough there is no special tax concession for trust business conducted from Hong Kong, Hong Kong is an attractive jurisdiction from which to administer private client trusts. The dividend, interest (subject to a minor exception), capital gains, and all foreign source income of a Hong Kong administered trust is not subject to taxation in Hong Kong. Other attractions include its common law legal system, a judiciary experienced in trust law matters, a wealth of trust management expertise, and professionals experienced in private client wealth management services. The trustee fee income of Hong Kong based trustees is subject to Hong Kong Profits Tax, if it is sourced in Hong Kong. If the income is sourced outside Hong Kong, it will not be taxable even if remitted into Hong Kong. Please follow the links below for more information on Hong Kong companies and relevant legislation: |