In recent years, the Hong Kong Government has stepped up efforts to promote Hong Kong’s development as a premier Private Funds hub. The establishment of the new Hong Kong Limited Partnership Fund Ordinance (Cap 637) (LPFO), which has been in effect since 31 August 2020, is a significant milestone for the Private Funds industry in Hong Kong as it provides a competitive fund structure that is faster, cheaper and more efficient to operate and maintain.
Following this development, the Government recently published in the Gazette the proposed legislation on tax concessions for carried interest. In addition, a re-domiciliation mechanism for foreign funds is targeted to be introduced to the Legislative Council in the second quarter of 2021. What are the latest updates on the tax treatment for carried interest? What future developments should you be aware of?
In this webinar, our panel of distinguished guest speakers from the Hong Kong Monetary Authority (“HKMA”), Sidley Austin, and KPMG will provide valuable information on this subject.
Please join us for this highly informative interactive English session and stay ahead of the curve!
Moderator – Albert Ming, Head of Alternative Assets, North Asia, Vistra
- Update on Hong Kong's private fund platform
Speaker – Anson Law, Market Outreach Division, HKMA
- The Hong Kong Limited Partnership Fund Regime: An Update
Speaker – David Lee, Counsel, Sidley Austin
- Practical examples of fund structures that could enjoy the carried interest tax concession and key considerations under the framework
Speaker – Darren Bowdern, Head of Alternative Investments, KPMG
CPT: An attendance Certificate will be issued upon request after the session.
The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: http://www.vistra.com/notices . Copyright © 2023 by Vistra Group Holdings SA. All Rights Reserved.
The SEC’s new private fund adviser rules: Who’s affected and how to prepare
21 Sep 2023
In August 2023, the US Securities and Exchange Commission adopted new rules and amended others to enhance the regulation of private fund advisers. According to the SEC, the changes are “designed to protect private fund investors by increasing…
Process agents: What they do and when you need one
20 Sep 2023
New ISSB standards could bring clarity to sustainability disclosures
13 Sep 2023
Switching from an EOR to a legal entity? Here’s what actually happens
06 Sep 2023
Top five challenges — and solutions — when setting up a cross-border private equity fund
30 Aug 2023
International expansion and operations basics
26 Sep 2023