Limited Partnership Funds (LPF), a new fund regime that has commenced operation in 2020, allows private funds to be registered in Hong Kong as the form of limited partnerships. Before the Limited Partnership Funds Ordinance was introduced, only funds that are in the form of unit trusts and open-ended fund companies were allowed. Yet, these kinds of requirements provide no flexibility for the private funds industry. Following the LPF in HK, fund managers can now choose to set up funds in Hong Kong as a limited partnership.
To set up Limited Partnership Funds in HK, multiple conditions have to be met. For instance, the name of the fund needs to fulfill the naming requirements under the LPFO and It needs to have a registered office in Hong Kong. Setting up a LPF in HK is now extremely competitive primarily because the fee is now relatively low compared to other jurisdictions. The most attractive point is that all the LPF setup procedures can be handled in Hong Kong, saving the time and cost spent.
CityLinkers, your LPF’s right-hand man
If you are currently considering having Limited Partnership Funds in HK, CityLinkers will always be your right-hand man. Before you take the action, CityLinkers will send you a customized proposal and give you a consultant in order to offer you the best LPF options that fit your businesses and your needs. Not only does CityLinkers assist you with the LPF setup, they also support you and aid you with any procedures or matter after the LPF registration. CityLinkers is definitely your must have professional in helping you with the LPF setup.
