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Cayman Islands have been the leading offshore jurisdictions for investment funds for many years.
The jurisdiction’s regulatory and legal framework for investment funds have made the Caymans one of the most approachable and effective options for setting up an offshore fund, providing its investors a highly advantageous tax regime, a stable political, socioeconomical and fiscal climate. Most importantly, the Cayman Islands offer its investors a variety of available fund products.
Registered Funds in Cayman Islands are set for a minimum investment of US$100.000 or interests listed on a recognised stock exchange. The fund must appoint an Operator who is typically a Director, a Trustee or a General Partner.
Administered Funds must have a CIMA-licensed mutual fund administrator providing its principal office. The regulatory responsibility for the administered fund which has more than 15 investors and which is not a licenced or regulated mutual fund, is placed largely in the hands of a licensed Mutual Fund Administrator.
Licensed Funds in the Cayman Islands are mutual fund operating in and from the Cayman Islands. Such funds must have a licence unless a licensed mutual fund administrator is providing its principal office.
Looking to set up an offshore fund? Our expert fund advisors will guide you through the whole process – from choosing which jurisdiction is best for you, to obtaining your fund licence and day-to-day management.
Our services include:
Cayman Islands Funds are regulated by the Mutual Funds Law (MFL), which gives the Cayman Islands Monetary Authority the responsibility to regulate certain categories of funds operating in and from the Cayman Islands. The categories of funds regulated under the MFL are listed below.
1) Private funds with a maximum of 15 investors and the majority of investors can appoint and remove fund operator(s), and
2) Closed-ended funds such as private equity funds and certain overseas funds
Choose from a Registered Fund, a Licensed Mutual Fund or an Administered Fund.
The Cayman Islands have no direct taxes of any kind. There are no corporation, capital gains, income, profits, or withholding tax.
The vehicles commonly used for operating mutual funds are the exempted company, the segregated portfolio company, the unit trust and the exempted limited partnership.
Cayman Funds, regulated under the MFL, will generally be required to appoint the following functionaries:
We offer expert support throughout the whole process.
From choosing the right jurisdiction for you, to day-to-day administration and annual management of the fund.
Contact us today for an initial complimentary consultation and find out how we can help you achieve your investment goals!