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Hong Kong takes the lead of corporate treasury centre hub with attractive tax incentives

Written by: Catherine Le Bourgeois and Wilson Yeung

Foreword

Nowadays, owing to the growing importance of the Asian market, multinational corporations are encouraged to set up their corporate treasury centres (“CTC”) in the region. Hong Kong has been one of the ideal locations of choice for forming up regional CTCs. Hong Kong’s attractiveness in recent years, however, has been dampened by certain inadvertent taxation consequences, as well as the competition from Singapore, but since the announcement of proposed changes of tax legislation in the 2015/16 budget, as well as the CTC bill recently came into force in early June 2016, there were promising development in this respect in Hong Kong.  

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