Taiwan Weighs Incentives to Lure Family Offices in Wealth Push

Taiwan’s financial regulator is exploring tax incentives for family offices and expanding private banking services as part of its efforts to build up its wealth and asset management industry.

The Financial Supervisory Commission on Thursday said it will look at potential tax incentives to enhance Taiwan’s competitiveness and meet with financial institutions to help banks establish institutional family office services. It’s also considering rolling out some of the most popular private banking operations piloted in the city Kaohsiung such as Lombard lending to other parts of the island.