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Komfie Manalo, Opalesque Asia: Beginning January 1st 2018, it will be much easier for hedge funds to onboard German investors because of the easing of tax and accounting rules in Germany.
"Should a German investor come your way and say, 'I like your fund,’ then it may be interesting for you to know that right now German investors are difficult to have, because overseas fund managers need to deliver a lot of German tax compliance to serve them. But from the first of January 2018, this will become much, much easier," said Steffen Gnutzmann of WTS Group.
Speaking at the latest Opalesque 2016 Hong Kong Roundtable Gnutzmann said that under existing German regulatory regime, hedge funds with German investors have to disclose a great detail of information to regulators about their portfolios, including income streams that they are generating as well as expenses.
All of these items have to be sliced and diced under certain German rules. In addition, overseas funds like a Cayman fund or a Hong Kong fund, does not know how to apply the German tax rules and would have to rely on additional advice from German tax advisors.
However, from the 1st of January 2018, all the German investor has to consider is the net asset value (NAV) increase or decrease.
"So, the concept of tax transparency of a fund will no longer apply, it is all done from the outside (via the NAV), if your funds will ...................... To view our full article Click here
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