Advantages of setting up a BVI Fund:
If you are interested in setting up an investment fund, the BVI offers the ideal solution.
The BVI is perfect for Private Funds, Hedge Funds, Approved Funds, Incubator Funds, or an Open or Closed Professional Funds.
Starting a fund in the BVI offers the following benefits:
- Cost effective jurisdiction for fund formation
- Minimum or zero taxes on capital gains, profits and dividends accrued to the fund
- Simplified due diligence procedures for investors
- One of the leading offshore jurisdictions for investment funds
- Perfect for small scale funds with no minimum requirements of assets under management
Set up your fund in the British Virgin Islands!
The British overseas territory of the BVI is one of the leaders in offshore jurisdictions offering fund products. They have a long proven track record.
It offers flexibility in the choice of investment portfolio and internal structure of the fund itself. Moreover, it has straightforward and flexible fund administration requirements and no exchange controls.
BVI offers a great balance between a proactive regulatory framework that meets international standards, a business friendly environment, and innovative legislation in its financial services industry.
BVI offers a variety of fund types, suitable to cover a range of different investment products and investors.
Types of funds
Incubator
Funds
BVI incubator funds are restricted to a maximum of 20 investors investing a minimum amount of US$20,000 each.
Approved
Funds
Approved Funds in the BVI are set up for 20 investors where the total net assets under management should not exceed US$20mn.
Private
Funds
Setup for a maximum of 50 investors or interests offered on a private basis only.
Professional
Funds
Professional funds are only open to “professional investors” and the minimum investment amount is US$100,000.
Public
Funds
These are funds offering shares to the public and are not otherwise a private or a professional fund.
Key Features of BVI Funds
Investment funds in the BVI are regulated by the Securities and Investment Business Act (“SIBA”).
Closed-ended funds such as private equity funds and registered funds (incubator and approved funds)
BVI has several types of funds, the BVI Incubator Fund, Approved Funds, Private Funds, Professional Funds and Public Funds
Mutual funds and non-BVI investors are exempt by legislation from all tax
The vehicles commonly used for setting up of funds in the BVI are the BVI Business company, the segregated portfolio company, the unit trust and the exempted limited partnership
BVI Funds, regulated by SIBA will generally be required to appoint the following functionaries (unless exempted):
- Investment manager
- Administrator
- Custodian
- Auditor
(NB: for Private/Professional Funds, custodian must be independent from the manager/administrator unless there are sufficient systems to ensure functional independence)
How Oneworld Ltd can assist you
We offer complete solutions for fund administration and support throughout the whole process.
From choosing the right jurisdiction, to obtaining your fund license, providing day-to-day management, and administration and annual management of the fund.
Our one-stop shop approach gives fund sponsors more time to focus on asset growth and management. We comprehend the investment fund industry and our experience and expertise help you to enhance your fund’s operations and build a secure relationship with your investors and counterparties.
Oneworld Group has a 33 year history. We currently employ more than 100 people and our client portfolio includes over 2.000 international companies and HNW individuals. Oneworld Group has responsibility for over US$5 billion worth of assets on behalf of its clients, mostly in west and east Europe. Overall, our team has setup and managed over 50 funds in Luxembourg, Cyprus, Malta, and Cayman Islands in a diverse variety of alternative asset classes.
Contact us today for an initial complimentary consultation and find out how we can help you achieve your investment goals!
Interested in setting up a Fund in the BVI?
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