On October 6, 2020, the European Union (the “EU”) removed the Cayman Islands from its list of non-cooperative jurisdictions for tax purposes, informally known as the “blacklist”. The aim of the EU’s list of non-cooperative jurisdictions is to promote ongoing efforts worldwide in relation to good governance in the field of tax. It lists non-EU jurisdictions that either have not engaged in a constructive dialogue with the EU on tax governance or have failed to deliver on their commitments to implement reforms to comply with a set of objective good governance criteria, concerning tax transparency, fair taxation and implementation of international standards against tax base erosion and profit shifting.(more…)
The HFM Asia services awards are coming up and we are proud to be shortlisted for the following categories:
– Best administrator – client service
– Best administrator – small managers
– Best administrator – under $30bn single manager
– New Best administrator – specialist structures
Happy Chinese National Day and Mid-Autumn Festival!
We would like to wish all our clients, colleagues and business partners two holidays full of joy and laughter.
On August 31, 2020, the Hong Kong limited partnership fund (“LPF”) regime came into effect. The LPF was introduced with the Limited Partnership Fund Ordinance (“LPFO”). With the LPF, Hong Kong is offering fund managers an opportunity to establish closed-end fund structures in the special administrative region instead of in other jurisdictions such as the Cayman Islands.(more…)