A senior executive from the government team outlines key markets where it expects to intensify efforts to woo wealthy families to set up offices in Hong Kong. Competition, however, will be fierce.
Singapore’s new tax incentive scheme for philanthropic donations has been lauded for its “immense potential” to attract further UHNWI capital to the Southeast Asian city-state, by Raffles Family Office, a major multi-family office which operates in Singapore and Hong Kong.