Hong Kong strives to be a leading asset and wealth management hub and attract more funds with favorable taxation.
A limited partnership fund (LPF) is an onshore fund in Hong Kong in the form of a limited partnership primarily aimed at private funds looking for a cost-effective, onshore LP-GP structuring solution as it facilitates and attracts private equity investment funds to set up and register in Hong Kong.
In order to further develop the asset management and the related service industries, the Hong Kong Government on 17 July 2015 published in the Gazette, the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (‘Amendment Ordinance’), under which the profits tax exemption for offshore funds shall be extended to private equity funds. Pursuant to the Amendment […]
