With the steady development and introductions of new tax regime for the industry, the Hong Kong government has estimated that the market share of Hong Kong in the global aircraft leasing business will reach 18%* in 20 years. Are you capturing these opportunities?
Hong Kong has taken bold steps in introducing a new taxation regime in the aviation and financial industries. Undoubtedly the transformation paves the way for Hong Kong to establish itself to be one of the leading aviation leasing and financing hubs. We expect more aviation financiers to emerge from Hong Kong and mainland China to capture this potentially lucrative business.
* Source: HK Financial Services Development Council – Recommendations for Development Hong Kong as an Aircraft Leasing and Financial Hub Paper No. 31.
Tax advisor to ICBC Financial Leasing, Operating Lease Award of the Year 2017 at Airfinance Journal’s Inaugural China Award
Aircraft Lessor, JOLCO Finance Deal of the Year in Global Transport Finance Gala Awards 2016.
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