Despite its handover to China in 1997, Hong Kong law is based on UK Common Law, which recognises the concept of a trust. The following information will help you determine whether Hong Kong trust formation is the optimum solution to fulfill your personal or corporate objectives.
Advantages of Hong Kong Trust formation
1. Trust Beneficiaries enjoy 100% tax exemption on their income, provided they are non-resident.
2. There is no requirement to register Trust documents with the Hong Kong authorities.
3. A Hong Kong trust is not required to submit audited financial statements or an annual tax return.
4. Hong Kong is an international financial centre with a reputable, advanced legal system. Hong Kong Trustees are bound by the provisions of the Trustee Ordinance.
Disadvantages of Hong Kong Trust formation
1. Details of a Hong Kong Trust are available for public viewing.
2. A Hong Kong Trust has access to only a very limited number of double taxation agreements.
Main uses for Hong Kong Trust formation
1. To hold assets including property, bank accounts, stocks, shares and assets of offshore companies; insurance and assurance policies and intellectual property.
2. To protect assets from creditors.
Healy Consultants fees for Hong Kong Trust formation
Healy Consultants fees for Hong Kong Trust formation are US$14,100 in Year 1 US$8,100 from Year 2 onwards. Healy Consultants fees to act as Hong Kong resident Trustee amount to US$5,950 (together with a refundable deposit of US$2,250).
Contact Us
For more information on Hong Kong Trust formation, email
or telephone us at (+852) 8331 1911.
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