Event

Seminar

Seminar : The Proposed New Private Funds Exemption and Other Developments Affecting the Taxation of Funds

Description:
On December 7, 2018, the Hong Kong Government introduced new legislation to revamp the basis upon which private funds, including hedge funds and private equity funds, would be exempt from tax. As proposed, private funds may qualify for tax relief even if they are resident in Hong Kong and even if they invest in Hong Kong businesses. The legislation levels the playing field between Hong Kong incorporated open-ended fund companies on the one hand and Cayman and other offshore domiciled funds on the other hand. Though the existing offshore funds exemption will remain on the books, private funds will generally no longer qualify for relief under that exemption. As a result, it is important for existing private funds to ensure that they comply with the new legislative proposals to maintain tax neutrality going forwards. In this seminar, we outline the proposed legislation and discuss the conditions which must be met to qualify for relief.

Please join us for the lunch time seminar as we outline the proposed legislation and discuss the conditions which must be met to qualify for relief.

Select below the date on which you would like to attend our seminar:

  • Monday, January 14, 2019 (Sold Out)
  • Wednesday, January 16, 2019 (Sold Out)
  • Thursday, January 17, 2019
  • Friday, January 18, 2019 (Sold Out)
About the Firm

Founded in 2004, TIMOTHY LOH LLP is an internationally recognized Hong Kong law firm focused on mergers & acquisitions, litigation and general financial markets and financial services matters. The firm is a leader in banking, financial regulation, corporate finance, capital markets and investment funds as measured by its rankings and those of its lawyers in leading independent editorial publications. The firm routinely acts for Fortune Global 500 companies. For more information, visit www.timothyloh.com.

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