Hong Kong Funds Update: 1) Launch of Re-domiciliation Mechanisms; 2) Updates from Companies Registry
Foreign Investment Funds now able take advantage of this mechanism to re-domicile & register in Hong Kong as OFCs or LPFs
Carried Interest Tax Concession Regime for Private Equity Funds
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New regime operates to provide tax concession at both the salaries tax and profits tax levels.
Bills for re-domiciliation of foreign investment funds gazetted
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Exciting possibilities for hedge funds, private equity funds and others, whether close-ended or open-ended, to move their domicile to Hong Kong.
Hong Kong’s Limited Partnership Fund Ordinance
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Private equity funds are key to growth of asset and wealth management business and in 2020 a bill was introduced in Hong Kong to establish a registration regime for limited partnership funds.