Hong Kong Open-ended Fund Companies

Fixed Fees

49 Hollywood Road, Central, Hong Kong | David Cameron Law Office

OPEN-ENDED FUND COMPANIES ("OFC")

David Cameron Law Office (DCLO) is a Hong Kong law firm with a strong focus on investment funds, advising on both Open-ended Fund Companies (OFCs) and Limited Partnership Funds (LPFs). Since the introduction of these regimes, the firm has acted for a broad range of domestic and international clients establishing Hong Kong fund structures. Through its association with offshore law firm George and Partners, and having partner at DCLO qualified in BVI and Bermuda as well as five other jurisdictions, DCLO is uniquely positioned to provide coordinated Hong Kong and offshore legal advice under one umbrella for cross-border fund structures.

Our Numbers

100 %

Fixed Fee

Our clients consistently rate us highly

Years of Experience

Decades of legal experience at your service

Jurisdictions Qualified

Proven strategies that boost your bottom line

Our Services

As a full-service law firm, we are able to provide all the constitutional and offering documents of the OFC, including but not limited to the Instrument of Incorporation, Offering Document / Private Placement Memorandum, Service Agreements, and documents related to SFC incorporation application. Go to our process page to learn more about the procedure to set up an OFC.

Instrument of
Incorporation (IOI)

IOI is the principal constitutional document of the OFC. It typically contains:

name and registered office
investment objectives and permitted investments
share capital provisions
issue and redemption mechanics
directors' powers
meetings and voting rights
establishment of sub-funds (if applicable)

Offering Documents

The offering document must be filed with the SFC following incorporation, and updated versions must also be filed. The offering document must include:

investment objective and strategy
eligible investors
subscription and redemption procedures
valuation policies
dealing arrangements
fees and expenses
risk factors
conflicts of interest
custody arrangements
leverage and borrowing provisions (if applicable)

Service Agreements

Typical service agreements that are mandatory to put in place with an OFC are:

Investment Management Agreement (IMA)
Custody Agreement

Common supplemental documents include:

Administration Agreement (if administrator appointed)
Registrar / Transfer Agency Agreement
Distribution Agreement (if distributors engaged)
Prime Brokerage Agreement (if applicable)
Banking Agreements

SFC Incorporation Application

The SFC reviews the application and liaises with the Companies Registry. A single application is submitted to the SFC including:

OFC application forms
Instrument of Incorporation
Directors' consents
custodian consent
auditor consent
investment manager consent
business registration information
prescribed fees

Upon approval, the OFC is registered, the Companies Registry issues a Certificate of Incorporation, and the Business Registration Certificate is issued.

Why DCLO?

Experienced Counsel

All matters receive direct partner-level attention from partners with international training and experience across complex cross-border matters. The partners at DCLO has an average of 20 years of practicing experience, and are qualified across 7 jurisdictions, including BVI and Bermuda. All of the partners worked at well-known international firms like Allen & Overy, Linklaters, and so on, prior to joining DCLO.

Initial Consultation

We offer initial consultation (online or in-person meeting from 30 minutes to 1 hour) at zero charge, until you get comfortable to start with us.

Additionally, a service guarantee stands behind every engagement. We commit to the scope, the fee and the timeline that we agree with you in writing, and we deliver against that commitment.

Full Package

As a full-service law firm, we are able to deliver a range of different documents and services. Whether it is giving structural advice, drafting a PPM, or dealing with SFC, our team will walk you through every step of your OFC.

Additionally, we are also able to offer fund administration services, AML services, as well as financial statement and audit support, all at a competitive fixed price.

What Our Clients Say

Founding Partner, Hong Kong based Private Equity Manager

"DCLO guided us through the OFC set-up, from structuring to SFC filing, with clear fixed-fee pricing and no surprises. Their team was responsible and practical at every step."

Chief Investment Officer, Single Family Office

"After the OFC was launched, DCLO stayed on to help with our ongoing compliance and investor documentation. It feels like having an in-house legal team without the overhead."

Counsel, Regional Asset Manager

"I'm impressed by the partner-level attention throughout. Complex regulatory questions were answered quickly and in language we could act on."