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One family and the licence line
Content date: 2026-08-24
One family versus several clients
A single family office serves one family’s own capital. Managing investments for unrelated clients may be a regulated activity under the SFO and requires the relevant licence. Wan Muk holds a TCSP licence and handles formation, secretarial work and the concession tests; investment management sits with licensed firms.
Case-specific decisions differ — book a consultation with our advisers.
The content of this page is general professional information and does not constitute tax, legal or investment advice. For specific cases, please consult a Hong Kong practising accountant or tax adviser, or refer to official publications of the IRD / SFC / HKMA / CR.