On 9 July 2020, the Hong Kong Legislative Council passed the Limited Partnership Fund (LPF) Bill, allowing funds to be set up as Hong Kong (HK) registered limited partnerships with effect from 31 August 2020. The Bill introduces a new registration regime for LPFs to be established and operational in Hong Kong. The LPF regime gives market players flexibility in structuring the fund vehicle and operations, and more importantly aligns the domicile of the fund with their operations in Asia.
In this publication, we summarise the key features and advantages of the Hong Kong Limited Partnership Funds regime.
Asia Pacific Asset & Wealth Management Tax Leader and China Private Equity Tax Leader, PwC Hong Kong
Tel: + 2289 1833
Puay Khoon Lee
Partner, PwC Hong Kong
Tel: + 2289 3828