2023-08-14Tax Incentive of Investment Funds in Hong Kong
(1) |
qualifying transactions; or |
(2) |
incidental transactions [profits derived from the incidental transactions provided that the trading receipts from the incidental transactions do not exceed 5% of the total trading receipts]; or |
(3) |
if the fund is an Open-ended fund company (“OFC”). |
(1) |
the qualifying transactions are carried out in Hong Kong by or through, or arranged in Hong Kong by a specified person [A corporation licensed or an authorized financial institutions registered under the Securities and Futures Ordinance (“SFO”) to carry on a business in any regulated activity as defined under the SFO]; or |
(2) |
the fund is a qualified investment fund [the number of investors exceeds 4; the capital commitments made by the investors exceed 90% of the fund’s aggregate capital commitments; and an agreement that the originator and its associates will not receive more than 30% of the net proceeds arising out of the transaction of the fund]. |