A limited partnership fund (LPF) is an onshore fund in Hong Kong in the form of a limited partnership primarily aimed at private funds looking for a cost-effective, onshore LP-GP structuring solution as it facilitates and attracts private equity investment funds to set up and register in Hong Kong.
In Hong Kong there are two main routes to close down a solvent private company limited by shares: deregistration and (voluntary) liquidation of a company.
The Li & Fung (Trading) Limited case was regarded as an agency case, whereby the Hong Kong agent (principal) provided services to its non-related customers in connection with the manufacture, sale and purchase of goods. Such services included finding suppliers to manufacture the goods, which would then be sold by these non-related manufacturers to the… Continue reading CIR v Li & Fung (Trading) Limited
Hong Kong companies need to prepare annual financial reports. But did you know that an interim report should be prepared in some cases as well?
Do you have a Hong Kong company or are you looking to set up one? Every Hong Kong company has to file an Annual Return, as stated Companies Ordinance.
On 23 February 2022, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2022-23. The forecast is that for the fiscal year 2021-22, there will be a surplus of around HKD 18.9 billion, and that the fiscal reserves are expected to be HKD 946.7 billion by 31 March 2022.
Because of its many benefits, high security standards and accessibility, cloud accounting is suitable for virtually every business, from sole proprietorships to multinational enterprises.
On 24 February 2021, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2021-22. The forecast is that for the fiscal year 2020-21, there will be a deficit of around HKD 257.6 billion, and that the fiscal reserves are expected to become HKD 902.7 billion by 31 March 2021. The focus… Continue reading 2021-22 Hong Kong Budget
On 26 February 2020, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2020-21. The forecast is that for the fiscal year 2019-20, there will be a deficit of around HKD 37.8 billion, and that the fiscal reserves are expected to become HKD 1,133.1 billion by 31 March 2020. The focus… Continue reading Hong Kong 2020-21 Budget
This Budget has been prepared with a Focus on supporting enterprises, safeguarding jobs, stabilising economy and strengthening livelihoods in contrast with the previous Hong Kong 2018-2019 Budget.
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