Saturday, May 16, 2015

Incentives to set up Corporate Treasury Centres in Hong Kong

In order to attract foreign firms to set up their corporate treasury centres in Hong Kong, the Hong Kong Government proposes a tax rate cut of up to 50% for these firms. These deductions would be subject to certain specified conditions. Further, the HIng Kong government has also proposed a draft legislation wherein certain profit based exemptions available to offshore funds may be extended to private equity funds.

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