16 February 2018
Hong Kong is set to fly high as the next aviation finance hub, welcoming business from the global aircraft leasing sector.
In July 2017 the Hong Kong Government introduced a dedicated tax regime offering incentives to qualifying aircraft lessors and leasing managers; most notably a reduction in the standard corporate tax rate from 16.5% to just 8.25%.
John McGale, associate director for First Names Group in Hong Kong, provides more detail on the recent legislative changes, the evolving aviation market in Asia and why Hong Kong is ideally placed to meet increasing demand:
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