Revolutionizing Global Investments: How the HKLPF Regime and Vistra’s Comprehensive Solutions Boost Hong Kong’s Appeal to Fund Managers and Global Capital

The HKLPF system enhances Hong Kong's attractiveness to fund managers and international capital

The Hong Kong Limited Partnership Fund (HKLPF) system provides adaptability, tax effectiveness, and worldwide conformity, making it an appealing option for fund registration

Vistra, a worldwide front-runner in fund and corporate services, aids fund managers with comprehensive solutions for LPFs, encompassing administration, establishment, tax conformity and governance

[This article's content was created by our promotional partner.]

The Hong Kong Limited Partnership Fund (HKLPF) structure, a very enticing arrangement that permits private funds to be set up as limited partnerships based in Hong Kong, has recently risen to the forefront of the asset management sector. Its adaptability, tax advantages, and safeguarding of investors are improving Hong Kong's allure as a location for fund establishment and international investment.

Ever since its launch in 2020, the HKLPF framework has turned into a popular choice for worldwide fund managers, family businesses, and multinational corporations looking for a versatile, tax-saving, and investor-compatible location.

A versatile, competitive structure propelling Hong Kong's ascendancy as a worldwide fund headquarters.

The Ordinance for Limited Partnership Fund (Cap. 637), which came into effect on August 31, 2020, lays out the legal groundwork for setting up investment funds in Hong Kong. According to this ordinance, the general partner (GP) is fully accountable for the administration and oversight, while investors take on the position of limited partners.

In the formation of a Limited Partnership Fund (LPF), the General Partner (GP) is tasked with the hiring or selection of crucial personnel, like the fund manager, who is tasked with supervising the standard of investment activities. This role can either be assigned by the GP or handled personally if they possess the necessary skills, as clarified by Daisy Chan, the Director of Fund Services at Vistra.

Commercial Chief of Fund Services for Vistra Greater China, Christine Wang, recognizes the increasing attractiveness and adaptability of the HKLPF system. She points out that it allows fund managers to customize their structures to fit particular investment plans.