Hong Kong Targets Zero Crypto Tax for Funds
Hong Kong’s skyline at dusk masks a bold strategy to attract crypto capital through zero-tax incentives targeted at hedge funds, private equity firms, and ultra-wealthy family offices. In November 2024, the Financial Times circulated a 20-page draft proposal to waive taxes on gains from cryptocurrencies and other alternative assets for private funds and family investment vehicles. The message was clear: “taxation is one of the key considerations” for asset managers choosing their base.
Hong Kong promises to expand its existing fund-tax exemption regime, which already covers offshore fund companies, to include “virtual assets” and related investments.
Zero-Tax Gains for Crypto Powerhouses
Investors have taken note of this…
