Does anyone benefit from, or know of a way to capitalize on the fact that hong kong has no capital gains tax? An acquaintance of my friend has a sister that lives in Hong Kong- she opened a brokerage account here (on his behalf but in her name). He trades the account, which accrues no capital gains, and when he cashes out, she gifts him the money back. Can anyone think of an alternative arrangement that would allow one to benefit? Are there companies that might offer a similar service?