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Hong Kong unveils new plan to woo FOs. Will it work?

Hong Kong has announced a raft of new measures to incentivise UHNWIs to establish family offices (FOs) in the city, including relaxed residency rights and tax incentives. Furthermore, in a possible riposte to Singapore’s recently-announced tax incentives for philanthropists, the Hong Kong government has announced policies of its own to develop Hong Kong as a philanthropic centre. Family offices are…

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