BothBVI Incubator FundandApproved Fundvehicles provide alow-cost opportunityfor new managers to build a name for themselves in the market. They can keep costs low whileattracting capitalthat becomes viable over the long term. These funds arefastandstraight forward, and the set-up and ongoingcosts ...
There may be a number of Partnerships which operate as closed-ended fund vehicles such as SPVs or feeder funds in reliance on certain carve-outs from requiring regulation. Such vehicles will be subject to beneficial ownership filing requirements, even where a third party administrator is engaged,...
Whether you are an experienced participant in the fund finance space or a new entrant to the market, we have the experience and knowledge to assist you and your onshore legal counsel with the offshore aspects of your fund finance requirements. Our fund finance and fund formation practitioners...
The British Virgin Islands (the “BVI”) has introduced “economic substance” requirements for entities carrying on certain specified activities under the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the “ES Act”). The ES Act, which was brought into force in the BVI as...
Following the announcement of the offer, there are no restriction or disclosure requirements imposed on persons (whether or not parties to the bid or their associates) unless the target is: A regulated fund under SIBA. A bank or trust company regulated by the Banks and Trust Companies Act, 19...
17. In what circumstances should an individual make a Will, what are the consequences of dying without having made a Will, and what are the formal requirements for making a Will? Individuals who are domiciled in the BVI and those who are not domiciled in the BVI but personally own BVI sit...
Consulting on preparation of your chosen bank’s requirements Preparing certified corporate documents for the bank (if needed) Making appointments with your chosen bank in thesupported list Get Started premium US$2299 Everything in the Standard package ...
Foreign investors who want toset up a company in BVIshould know that the director of theoffshore company in BVIis the one who manages, supervises and directs the affairs of the company. There are no residency requirements for the directors and the number of permitted directors can be specifi...
The definition of exempt person includes a CLE which:• is recognised, registered or otherwise approved as a mutual fund under theBVI SecuritiesInvestment Business Act, 2010 (including an approved fund, an incubator fund, a public fund, a professional fund and a private fund);• has securiti...