The scheme is a targeted initiative and the financial impact should prove meaningful
The Securities and Futures Commission (SFC) announced on May10 2021 the implementation of the Hong Kong SAR government’s grant scheme to subsidise the set-up of open-ended fund companies (OFC) and real estate investment trusts (REIT).
Effective from May10 2021 to May 9 2024, subject to a government funding cap for the scheme, the subsidy will offer a rebate of 70% of all professional expenses that are paid to Hong Kong-based service providers, with certain restrictions.
The subsidy, however, is subject to a cap of HK$1 million (US$128,739) per OFC, and HK$8 million (US$1.03 million) per REIT in Hong Kong SAR. This is one of many recent initiatives that will further enhance Hong Kong SAR’s competitiveness as the leading asset management hub in Asia.
即食歷史》你有沒有想過原來平安時代的日本,是沒有廁所的概念?
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New measures to attract foreign talent to Shanghai
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