Description
As Macau’s investment funds landscape enters a new chapter with the full implementation of the Investment Funds Law (Law 11/2025) on 1 January 2026, Lektou is the trusted local partner for fund sponsors, managers, and investors seeking to establish and operate funds in this evolving jurisdiction. The new regime introduces a modern, internationally aligned framework for public and private funds, offering clear pathways for fund formation, streamlined licensing, enhanced investor protections, and attractive tax incentives — positioning Macau as an emerging hub for Greater Bay Area and Lusophone-linked capital flows.
With more than 40 years of deep-rooted expertise in Macau’s legal and regulatory environment, our trilingual team (English, Chinese, and Portuguese) combines unmatched local knowledge with sophisticated cross-border insight. We provide end-to-end support across the full fund lifecycle — from initial structuring and regulatory approvals through to ongoing operations, compliance, and successful exits. Clients choose Lektou because we deliver regulatory certainty, speed to market, and tax-efficient solutions that turn the new law’s opportunities into tangible results.
Our thought leadership further sets us apart. Partner Calvin Tinlop Chui, a recognised Macau investment funds lawyer, authored the widely referenced “Macau Investment Funds Law Series”, and the Macau Chapter of the “Chambers Global Practice Guide: Investment Funds 2026”, providing practical guidance on fund managers, custodians, sales entities, and all major fund structures under the new regime. This series reflects our proactive commitment to helping clients stay ahead in Macau’s developing funds market.
Services
We deliver comprehensive, practical support tailored to the new Macau Investment Funds Law. Our services include:
Licensing and Regulatory Approvals Full support for fund manager licensing. We guide clients through every step of the process, supporting them in achieving prior approval, incorporating the fund management company, and completing the special registration with the authorities.
Fund Structuring and Formation Advice on the optimal legal form — contractual funds, corporate funds (SIC), or limited partnership funds (FPL) — for both public and private vehicles. We handle incorporation, offering documents, and private fund filings or public fund authorisation applications under Law 11/2025.
Cross-Border Fund Marketing and Passporting Guidance on inbound and outbound marketing. We help international managers access Macau investors and assist local funds in marketing overseas.
Governance, Operations, and Investor Relations Establishment of robust governance frameworks, service provider agreements, investor onboarding procedures, and ongoing reporting. We support day-to-day operations to maintain compliance and foster strong limited partner relationships.
Tax Planning and Structuring Strategic use of Macau’s preferential 5% corporate tax rate for qualifying fund managers, tax exemptions for funds, and efficient cross-border tax structuring. We coordinate with international tax advisers to maximise efficiency while remaining fully compliant.
Investor Representation (LP Side) Negotiation and review of fund documents from the limited partner perspective, including side letters, co-investment arrangements, and dispute resolution mechanisms.
Transactional Support and Deal Execution Legal support for fund investments, divestments, and portfolio company transactions across asset classes, ensuring seamless execution within the Macau regulatory framework.
Fund Restructuring, Secondary Transactions, and Liquidation Advice on fund re-domiciliation, secondary transfers of interests, mergers, restructurings, and orderly wind-down or liquidation processes under the new law.
Ongoing Compliance and Regulatory Advice Continuous monitoring of regulatory developments, annual compliance reviews, anti-money laundering support, and proactive guidance to help managers adapt to evolving expectations of the authorities.
