Hong Kong fund structures for institutional investment platforms.
Last Updated: April 2026
Hong Kong offers a competitive and flexible environment for fund setup, with strategic positioning as a gateway to Mainland China, a low tax regime, and a robust, internationally recognized legal and regulatory framework.
Start your Hong Kong fundHong Kong fund formation is the process of establishing an investment fund under the Securities and Futures Commission (SFC). Hong Kong offers the Open-Ended Fund Company (OFC) and Limited Partnership Fund (LPF) regimes, providing direct access to Greater China markets through Stock Connect and Bond Connect. Setup typically takes 4-8 weeks.
Hong Kong at a Glance
About the Jurisdiction
Hong Kong
Hong Kong is one of Asia's most important fund domiciles for private equity, hedge funds, venture capital, and cross-border investment strategies.
Regulator
Securities and Futures Commission (SFC)
The SFC regulates funds and fund managers under the Securities and Futures Ordinance (SFO), supporting both retail-authorised funds and private professional-investor fund structures.
Type of Fund
Common Hong Kong fund structures supported by Unefund
Open-Ended Fund Company (OFC)
Open Ended- •SFC-registered corporate vehicle with variable share capital
- •Mandatory Type 9 manager appointment required
- •Independent custodian must be appointed
- •One-stop registration via SFC (no separate CR filing needed)
- •Open-ended redemption structure for liquidity
Limited Partnership Fund (LPF)
Closed Ended- •Companies Registry-registered limited partnership (not SFC)
- •Type 9 manager only required if managing securities in HK
- •No mandatory custodian (GP arranges custody)
- •Closed-end structure – no redemption rights
- •Tax benefits: 0% carried interest tax, profits tax exemption
Unit Trust / Mutual Fund
Mostly Retail- •SFC-authorized as Collective Investment Scheme (if public)
- •Mandatory Type 9 manager and trustee/custodian
- •Trust deed governs relationship between trustee and manager
- •Professional investor exemption available for private placement
- •Retail marketing requires SFC authorization + Type 1 licence
Our Approach
Structure is not a form. It is a system.
Unefund does not treat Hong Kong funds as standalone legal entities. Each structure is designed to ensure the fund operates as part of a coherent institutional platform.
Important Note
Hong Kong structures offer strategic access to Asian markets and Mainland China. Building a scalable, regulator-ready operating model requires disciplined governance and compliance design.
Unefund's role is to ensure flexibility remains institutional.
Your Journey
From vision to launch
Initial discussion and alignment on objectives and strategy.
Why Unefund
A single orchestration layer for your Hong Kong fund.
Single Coordination
One point of contact for your entire fund setup and operations.
Integrated Support
Fund setup and operational support working seamlessly together.
Regulatory Alignment
Strong compliance frameworks built into every structure.
Multi-Jurisdictional
Expertise across Hong Kong, Singapore, GIFT, Cayman, BVI, Luxembourg, and more.
Asset Class Experience
PE, VC, Hedge, Credit, and Real Estate fund structures.
Technology-Enabled
Modern reporting and portal access for full transparency.
Transparent pricing — Cost-effective and predictable, with no hidden fees.
Why Hong Kong
Benefits of the Hong Kong jurisdiction
FAQ
Frequently asked questions
Approximately 6–10 weeks, depending on documentation readiness and SFC processing timelines.
The Securities and Futures Commission (SFC) under the Securities and Futures Ordinance (SFO).
No. Unefund acts as the central coordination point with all key service providers.
We follow a transparent and all-inclusive pricing structure with no hidden or unexpected charges.
Yes. Fund managers must usually be licensed by the SFC for Type 9 (Asset Management) and meet local substance requirements.
Typical documentation includes: Incorporation documents; Constitutional documents (OFC Constitution / LPA); Offering documents (PPM, Subscription Agreement, Risk Disclosures); Management and governance documents; AML and compliance policies; Service provider agreements.
Design your Hong Kong fund structure with institutional clarity.
Structured. Integrated. Accountable.
Talk to Unefund