In recent years, Hong Kong has seen notable advancements in LGBTQ+ rights, marked by significant legal rulings that offer recognition to same-sex couples. For instance, a same-sex couple can now apply for dependent visas if they are married or in a civil partnership outside of Hong Kong.

Since the Hong Kong Government’s official launch in March, the new Capital Investment Entrant Scheme (CIES) has recorded double-digit applications and over 1,600 enquiries as of early April as part of its drive to enhance the city’s diversity of skilled individuals and draw in new investment. The scheme is designed to attract new asset owners and their family to settle in Hong Kong, obtain local residency, and discover the city’s enormous opportunities for investment and wealth management.

Family office businesses are becoming an important component of the financial services industry in Hong Kong, not just because of the huge business potential offered to a wide range of professionals, but also because the growing number of family offices operating in Hong Kong showcases the city’s strengths as an international finance and wealth management hub.