Offshore Funds Update 

The Hong Kong Government’s budget-time announcement that it will move to extend the current Offshore Funds profits tax exemption to include Private Equity Funds is an exciting “opening of the door” – which should draw many funds back to the SAR.The budget announcement also foreshadowed a fuller review of the legal, tax and regulatory framework to better promote open ended investment companies in Hong Kong.

The Chamber’s Finance, Legal & Taxation Committee presents an overview of the initiatives announced, why they are needed, how the proposals may operate, and whatopportunities may arise to funds looking to operate or be domiciled in HK.