Siem Reap Times

Wednesday, Sep 11, 2024

Hong Kong Emerges as Premier Destination for Cambodian Family Offices

Wealthy Cambodian Families Look to Hong Kong for Secure and Efficient Wealth Management
Hong Kong continues to solidify its reputation as a top destination for family offices, particularly for wealthy Cambodian families seeking to secure and grow their wealth. Offering a unique combination of professional services, strategic location, and a business-friendly tax environment, Hong Kong provides an ideal setting for ultra-high-net-worth individuals (UHNWIs) to manage their investments and legacies.

Jason Fong, Global Head of FamilyOfficeHK, recently visited Cambodia and highlighted Hong Kong's advantages in a series of discussions with local conglomerates and institutions. He emphasized that Hong Kong’s robust financial infrastructure, with 267,000 financial professionals supporting 2,700 family offices, offers unmatched expertise in wealth management, far surpassing other global hubs.

Fong also noted Hong Kong's respect for privacy, distinguishing it from Singapore's more stringent financial regulations. With its low tax rates, legal protections, and strategic position under the ‘One Country, Two Systems’ framework, Hong Kong is increasingly appealing to Cambodian families as a secure and efficient base for managing global wealth.
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