New tax incentives to attract ship owners and lessors to Hong Kong will both enhance the jurisdiction's status as a key shipping leasing centre for the Asia-Pacific region and develop Hong Kong's shipping core and maritime cluster. The tax changes, announced by the Transport and Housing Bureau of the Hong Kong Government, reflect the long term strategy to position Hong Kong as a centre for ship finance, leasing and related maritime business establishments.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.