21/09/2021

How to set up limited partnership funds?

1 min read

With the benefits of limited partnership funds (LPF), many are encouraged to set up LPF in Hong Kong. However, seldom do they know the formal procedures for LPF setup.

The first thing to do is to make an application to the Registrar of Companies in the name of the General Partner and Limited Partner. In the wake of it, the form of “Application for Registration of Limited Partnership Fund” should be carefully prepared. Apart from the form, a fee of HK$3,034 is also required for LPF setup. In the last step, both of the form and fees should be submitted by a registered law firm in Hong Kong or a solicitor who practices Hong Kong law in Hong Kong.

When the above procedures are completed, the application would be carefully reviewed to see if the setup of LPF fulfills the requirement and qualification.