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Why a family office
Consolidate decisions, protect legacy, professionalise investments and philanthropy, and give the next generation a clear governance map.
Individuals & families · Private wealth desk
A family office, anchored in Hong Kong
Confidential guidance to establish, structure, and steward a family office from Asia's premier gateway - with Shariah integrity, strategic clarity, and curated introductions when you are ready.
Placement
Built for families - not SMEs
This desk sits under Individuals & Families: multi-generational wealth, privacy, succession, and values-led stewardship. Business compliance and institutional Sukuk work remain on their own desks - we connect them when your mandate needs it.
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Why Hong Kong
0% profits tax on qualifying family-office investments (where eligible), free capital movement, and direct access to major Asian markets - with common-law depth behind it.
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Why Baashir
Independent Shariah and strategic advisory - setup guidance, ongoing counsel, and discreet introductions. You retain control; we sharpen judgement.
0%Profits tax on qualifying FIHV transactions (if eligible)
HK$240M+Typical minimum specified assets under the FIHV regime
2+Qualified full-time Hong Kong employees (substance test)
HK$2M+Annual operating expenditure in Hong Kong (substance test)
"Stewardship is not only about returns - it is about continuity with conscience."
Hong Kong
Why set up your family office here
You should set up a family office in Hong Kong because the city can offer a 0% profits tax rate on qualifying investments for eligible family-owned investment holding vehicles, no foreign-exchange limits on moving money, and direct access to major Asian markets - alongside a serious professional ecosystem.
Designed for mobile capital
Hong Kong combines a territorial tax system, convertible currency, and deep private-banking and legal talent - so families can locate decision-making here without trapping capital inside one closed market.
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0% on qualifying investments
Eligible Family-owned Investment Holding Vehicles (FIHVs) managed by an eligible single family office in Hong Kong may enjoy 0% profits tax on assessable profits from qualifying transactions - subject to ownership, substance, asset, and other statutory conditions.
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No limits on moving money
Hong Kong has no general foreign-exchange controls. Capital can move freely for legitimate banking and investment flows - practical for cross-border families.
Asia
Direct access to Asian markets
Gateway to Mainland China, ASEAN, and regional capital markets - with English as a working language for international counterparties.
HK
Common-law & professional depth
English common law, bilingual courts and advisors, and a deep bench of private banks, trustees, accountants, and specialist counsel.
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Gulf-Asia corridor
Natural meeting point for Middle Eastern family capital exploring Asia - and Asian families engaging Gulf partners.
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Simple, competitive tax base
Territorial source principle, no general capital gains tax or dividend withholding tax in the usual Hong Kong sense - structure specifics still need counsel review.
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Privacy with substance
A culture of discreet wealth management - paired with real governance, documentation, and Hong Kong substance expectations for concessions.
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Lifestyle & education
International schools, healthcare, and travel connectivity that make a Hong Kong base workable for mobile families.
Eligibility snapshot
What you typically need to have
To aim for Hong Kong's family-office tax concession, families usually need to meet clear substance and ownership tests. Use this as a planning checklist - not a confirmation of eligibility.
Plan against the tests early
Getting the structure, people, and spend right from day one is easier than retrofitting substance later. Baashir helps you map priorities; licensed tax counsel confirms the law for your facts.
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Family ownershipGenerally at least 95% beneficial ownership by the family in the investment holding vehicle (exact tests depend on structure).
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Hong Kong single family officeAn eligible SFO in Hong Kong that manages (or arranges) the qualifying investment activity.
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Minimum assetsTypically at least HK$240 million in specified assets under the FIHV framework (aggregate NAV tests apply).
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Local substance - peopleUsually at least two qualified full-time employees in Hong Kong carrying out the investment activities.
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Local substance - spendUsually at least HK$2 million of operating expenditure incurred in Hong Kong in the relevant year.
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Qualifying transactionsProfits must arise from qualifying (and permitted incidental) transactions under the Ordinance - confirm asset classes with counsel.
Important: These are high-level educational pointers based on Hong Kong's published FIHV framework. Thresholds and conditions can change. Baashir does not provide licensed tax advice; we help you brief the right professionals.
Benefits
What a well-run family office unlocks
Not every family needs a full single-family office on day one. Many start lean - then deepen staff, systems, and investment capacity as complexity grows.
For the principal
- One accountable hub for wealth, risk, and family decisions
- Clear separation of family capital from operating companies
- Independent challenge on investments, liquidity, and concentration
- A durable record for succession and dispute prevention
For the next generation
- Education pathways into stewardship and Shariah-aware finance
- Transparent distribution and philanthropy frameworks
- Defined roles - so talent is developed, not assumed
- Values written into policy, not only spoken at the table
Investment
Fees - custom quote
Every family office mandate is different. Baashir does not publish a fixed package price. We scope discovery, setup advisory, retainers, and introductions after a private briefing - then confirm fees in writing.
What we quote against
A lean Hong Kong family office can start as a governance and advisory layer. A full single-family office with premises and dedicated staff is a different order of magnitude. We help you choose the right altitude - not the most expensive one.
Legal, tax, banking, premises, and staff costs sit with licensed professionals and vendors. Baashir coordinates Shariah and strategic priorities alongside your counsel.
Request a custom quote| Baashir - discovery & setup advisory | Custom quote one-off / phased |
|---|---|
| Baashir - strategic / Shariah retainer | Custom quote monthly / annual |
| Introductions & matchmaking | Custom quote advisory fees - not deal commissions |
| Legal / corporate formation (third parties) | Separate - via counsel structure-dependent |
| Annual operating (lean to full SFO) | Separate - your vendors staff, office, compliance |
No published fixed fee. Complexity, urgency, and whether you need setup only, ongoing advisory, or capital introductions determine the quote. Final fees appear in your engagement letter.
What Baashir can do
Setup · advise · introduce · tailor
We can help you establish the office, sit as your strategic or Shariah advisor, open doors to relevant counterparties, and design a retainer that matches how your family actually decides.
Setup guidance
From first conversation to a workable operating model.
- Needs assessment & FO blueprint
- Governance charter outline
- Shariah policy framework
- Vendor / counsel briefing packs
- Phased implementation roadmap
Strategic or Shariah advisor
Independent counsel on the decisions that define the house.
- Investment screening & purification notes
- Mandate and risk policy reviews
- Family council / IC support
- Philanthropy & Zakat frameworks
- Board-ready Shariah memos
Introductions & matchmaking
Discreet access - never cold spam, never public markets theatre.
- Off-market opportunity briefings
- Overseas property introductions
- Gulf ↔ Asia counterparty matching
- Banking / trustee / specialist referrals
- Confidential meeting coordination
Off-market & corridor opportunities
Where appropriate, we introduce families to curated overseas property and private opportunity conversations through Baashir's properties and capital desks - referral and advisory only. You decide; licensed parties execute.
Discuss introductionsTailored services
Every family office is different. We assemble from Zakat and wills through investment screening, governance, cross-border capital support, and training for next-gen principals - under one confidential relationship.
Design a retainerTailored stack
Services we can weave into your FO
Pick what you need now; expand later. Each line is scoped separately or rolled into a retainer.
Governance
Family charter, decision rights, conflict protocols, and meeting cadence.
Shariah overlay
AAOIFI-aligned screening, policies, and purification discipline across holdings.
Legacy papers
Islamic wills, Faraid clarity, and succession briefing for counsel.
Zakat stewardship
Household and holding-company Zakat frameworks with certificate trails.
Capital corridor
Research, screening, and facilitative intros across Gulf and Asia.
Property desk
Overseas luxury introductions (UAE, UK, Egypt, Bali, Phuket, and more).
Next-gen education
Private briefings on Islamic finance literacy and stewardship duties.
On-call retainer
Priority access for questions that cannot wait for a quarterly pack.
Process
How an engagement typically unfolds
Private briefing
Confidential conversation on family goals, jurisdictions, and constraints.
Blueprint
Written FO model, roles, and Shariah priorities - with fee clarity.
Build & advise
Setup support, policies, and introductions alongside your licensed counsel.
Steward
Retainer rhythm: reviews, screening, family council support, and matchmaking as needed.
FAQ
Family office questions
Is this under Individuals or Businesses?
Individuals & Families. A family office serves the family's wealth and legacy. Company Shariah audits and Halal certification stay on the Businesses desk; institutional Sukuk and fund work sit under Enterprise. We cross-refer when useful.
Do you form the company or open bank accounts?
No. We advise on structure priorities and prepare briefing packs for your lawyers, corporate secretaries, and banks. Formation, licensing, and account opening remain with those professionals.
Are you SFC-licensed?
No. Baashir provides independent Shariah and strategic advisory. We do not manage assets, deal in securities, or provide regulated investment advice. Investment decisions remain with you and any licensed managers you appoint.
What does "off-market introduction" mean?
Facilitative introductions to opportunities or counterparties we consider relevant after a confidential brief - including overseas property partners where appropriate. Introductions are not recommendations or underwriting; parties negotiate independently.
Can you be our named Shariah advisor on retainer?
Yes, subject to conflict checks and a written scope. Many families want a standing Shariah or strategic advisor without building a full in-house team on day one.
Do the HK$240M / 2 staff / HK$2M figures guarantee the 0% rate?
No. They are common published substance and asset thresholds under the FIHV framework, but eligibility depends on the full statutory tests for your structure. Always confirm with licensed tax counsel.
Begin a private conversation
Tell us whether you need setup guidance, an ongoing advisor, introductions - or a tailored combination. We will respond with a custom quote. Responses are confidential.