ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On 19 March 2014, Hong Kong's Legislative Council passed the Inland Revneue (Amendment) Bill 2013 which provides "Captive Insurers" a 50 percent reduction on the tax on profits from the insurance business of offshore risks.
The incentive was motivated as a way to attract foreign enterprises, especially from Mainland China, to set up their captive insurers in Hong Kong.
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