In the 2021-22 budget speech, the financial secretary of the Government of the Hong Kong Special Administrative Region confirmed the intended timing for submission of a legislative proposal to allow foreign investment funds to re-domicile to Hong Kong for registration as an Open-ended Fund Company (OFC). The financial secretary also announced subsidies for the costs of setting up a new OFC or re-domiciling of foreign investment funds registering as an OFC in Hong Kong. The latest measures represent important steps in ongoing enhancements and incentives to promote the use of the OFC regime.
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