Exploring the Funds Hub

Continuing obligations of a Cayman Islands Registered Mutual Fund Aug 5, 2026 01:12:10 This guide sets out the continuing obligations under Cayman Islands law of an open-ended fund registered with the Cayman Islands Monetary Authority (CIMA) under section 4(3) or 4(4)(a) of the Mutual Funds Act (Mutual Funds Act). Part A of this guide sets out the ongoing requirements under the Mutual Funds Act as well the various FATCA and CRS requirements, director registration obligation

Continuing obligations for private and professional funds The board and officers Functionaries and other service providers Service provider Requirement Is an exemption available? Notice requirements Event triggering an obligation to notify the FSC Time frame Annual regulatory and government requirements Due by date Action Maintenance of records and financial statements Fund policies and arrangements Anti-money laundering obligations Obligations under FATCA and CRS? Beneficial ownership regime Aug 4, 2026 12:06 As a recognised fund, your professional or private fund is regulated by the British Virgin Islands (BVI) Financial Services Commission (the FSC). This note provides a quick reference to your professional or private fund's ongoing BVI obligations. Professional and private funds are recognised under the Securities and Investment Business Act, Revised Edition 2020 and are subject to the Mutu

Establishing a Hedge Fund in the BVI What factors determine whether a hedge fund must be regulated in the BVI? Which hedge fund product is right for me? What hedge fund structure should I use? What service providers will I need to get started? Investment Manager Administrator Custodian Auditor Authorised Representative I have existing relationships with some service providers but they are not based in the BVI. Can I appoint them to my BVI fund? I am also going to need to set up a new investment management vehicle to manage my BVI fund. Can you assist with that? Any other regulatory obligations I should be thinking about? What fees are payable to the Commission? Application Fee (US$) Annual Fee (US$)** How long will it take to set up my hedge fund? Fund Incorporation/Formation of Company/Partnership Time to Prepare Documentation & Submit Application to Commission Aug 4, 2026 21:52 Are you thinking of setting up an investment fund in the British Virgin Islands (BVI)? This document provides an overview of the hedge funds industry in the BVI and why it is such an attractive jurisdiction for hedge funds. We explain the regulatory regime in the BVI, the fund structures and fund products available and how we can support you from the initial structuring and planning conve

Establishing a Closed-Ended Fund in the BVI What factors determine whether a closed-ended fund must be regulated in the BVI? The BVI Private Investment Fund Regime What fund structure should I use? What service providers or appointed persons will I need to get started? I have existing relationships with some service providers but they are not based in the BVI. Can I appoint them to my BVI fund? I am also going to need to set up a new investment management vehicle to manage my BVI fund. Can you assist with that? Regulatory considerations What fees are payable to the Commission? Application Fee (US$) Initial Recognition Fee (US$)* Annual Fee (US$) How long will it take to set up my fund? Formation/Incorporation of Partnership/Company Time to Prepare Documentation Aug 4, 2026 18:11 Are you thinking of setting up a closed-ended investment fund in the British Virgin Islands (BVI)? This document provides an overview of the closed-ended funds industry in the BVI and why the BVI is such an attractive jurisdiction for private equity, venture capital and other closed-ended fund managers. We explain the regulatory regime in the BVI, the fund structures available and how we

Introduction to automatic exchange of information for BVI Investment Funds The legislative framework Funds as investment entities and therefore financial Institutions Reporting financial institutions Registration with the IRS Registration with FARS and the principal point of contact Financial account Identification of reportable accounts Specified persons or reportable persons Reporting to the Tax Information Authority FATCA and non-participating FIs Review of fund documentation Jul 29, 2026 14:08 This guide provides a high level summary of the main obligations for British Virgin Islands (BVI) investment funds under BVI automatic exchange of information (AEOI) legislation. The BVI Government is a signatory to: A Model 1B intergovernmental agreement with the United States (the IGA) which provides the framework for the implementation of the US Foreign Account Tax Compliance Act (FATC

Ongoing obligations of approved managers Submission of annual returns Provision What to do and when? Renewal fee Provision What to do and when? Payment of Registry fees Provision What to do and when? Preparation and submission of financial statements Provision What to do and when? Directors and authorised representative Provision What to do and when? Anti-money laundering/Countering the financing of terrorism Provision What to do and when? Record keeping Provision What to do and when? Notification of changes Provision What to do and when? Notification of material or significant matters Provision What to do and when? Delegation of relevant business functions Provision What to do and when? Notification of excess assets under management Provision What to do and when? Ceasing to qualify as an Approved Manager and new relevant business Provision What to do and when? Jul 28, 2026 11:59 The Investment Business (Approved Managers) Regulations, Revised Edition 2020 (the Regulations) and Approved Investment Managers Guidelines (the Guidelines) establish a regime that allows eligible investment managers and advisers to be regulated under a simple approval process and avoid the licensing regime under Part I of the Securities and Investment Business Act, Revised Edition 2020 (

Continuing obligations for incubator funds The board and officers Functionaries and other service providers Notice requirements Event triggering an obligation to notify the FSC Time frame Notices in relation to an incubator fund's validity period Annual regulatory and government requirements Due by date Action Reporting and financial statements Anti-money laundering obligations Fund policies and arrangements Obligations under FATCA and CRS Beneficial ownership regime Jul 27, 2026 12:12 As a mutual fund, your incubator fund is regulated by the British Virgin Islands (BVI) Financial Services Commission (the FSC). This note provides a quick reference to your incubator fund's ongoing BVI obligations. Incubator funds are governed by the Securities and Investment Business (Incubator and Approved Funds) Regulations, Revised Edition 2020 (the Regulations) and the Incubator and

Continuing obligations for approved funds The board and officers Functionaries and other service providers Notice requirements Event triggering an obligation to notify the FSC Time frame Annual regulatory and government requirements Due by date Action Reporting and financial statements Anti-money laundering obligations Fund policies and arrangements Obligations under FATCA and CRS Beneficial ownership regime Jul 27, 2026 11:16 As a mutual fund, your approved fund is regulated by the British Virgin Islands (BVI) Financial Services Commission (the FSC). This note provides a quick reference to your approved fund's ongoing BVI obligations. Approved funds are governed by the Securities and Investment Business (Incubator and Approved Funds) Regulations, Revised Edition 2020 (the Regulations) and the Incubator and App

The BVI's quiet role in ESG-linked fund structures: substance, speed, and strategic value Addressing the perception problem directly Where the BVI fits in the ESG fund ecosystem Three structural scenarios in practice Scenario 1: BVI feeder into a Cayman ESG master fund Scenario 2: BVI limited partnership as a co-investment vehicle Scenario 3: BVI company as an impact SPV with UNPRI-aligned reporting What institutional investors actually require When the BVI is — and is not — the right choice A pragmatic tool in a sophisticated toolkit Jul 20, 2026 08:17 The BVI is not the top-level vehicle in an ESG fund, but it plays a valuable role at the layer beneath, as a feeder fund, co-investment vehicle, or impact SPV, where speed, simplicity, and cost matter. Institutional ESG investors do not categorically exclude BVI vehicles; eligibility is driven by the structure's conduct, governance, transparency, and reporting, not the jurisdiction alone.

Private credit in Luxembourg: structuring considerations for a fast-growing strategy Luxembourg's private credit landscape: why the domicile matters Choosing the right vehicle: RAIF, SIF and the SCSp AIFMD II: what the loan-originating fund rules mean in practice Liquidity structuring: matching terms to assets Pre-launch checklist: structuring questions to resolve before you launch Conclusion Jul 13, 2026 08:40 Private credit has moved from the margins to the mainstream of European finance, and Luxembourg has become the domicile of choice for the managers raising and deploying it. As bank lending has retrenched and institutional investors have pursued the credit risk premium, European private credit assets under management have grown rapidly, and a growing share of new direct lending, mezzanine

AIFMD II and the UCITS review: what EU reform means for global fund managers Introduction: The stakes of EU reform for global managers What AIFMD II actually changes and for whom Delegation and substance: the reforms that matter most Loan-originating funds: new rules, new obligations Liquidity management tools: an expanded toolkit with new responsibilities Reporting obligations: what has changed and what is coming Stricter requirements regarding national private placement rules What managers should be asking their advisers now Jul 9, 2026 12:10 AIFMD II (Directive (EU) 2024/927) is in force, with national transposition due by 16 April 2026, and the UCITS review is following closely behind. For global managers using Luxembourg as their EU gateway, the practical impact is concentrated in four areas: tighter delegation and substance expectations, a new regime for loan-originating funds, mandatory liquidity management tools for open

BVI Open-Ended Funds and Approved Funds: Structures, benefits and approval process What are BVI investment funds? What is a BVI-approved fund? Key benefits of investing in BVI funds and approved funds Regulatory requirements for setting up a BVI fund How to obtain approval for a BVI fund: step-by-step process 1. Appoint legal counsel and key service providers 2. Determine the fund structure and category 3. Incorporate the fund vehicle 4. Prepare the offering documents (or disclosure) 5. Submit the application to the FSC 6. FSC review and approval Typical timeline for BVI fund approval BVI hedge funds: the five fund categories How Harneys can help Jul 6, 2026 15:27 The British Virgin Islands is one of the world's leading jurisdictions for the formation of investment funds. With a well-established regulatory framework, tax-neutral environment and efficient approval processes, the BVI offers a compelling platform for fund managers — particularly those launching their first fund or structuring vehicles below US$100 million. This guide explains the key

Duties and obligations of a director of a Cayman Islands fund Jul 2, 2026 48:44 This guide provides an overview of the powers, duties and obligations of a director of an exempted company incorporated under the Companies Act of the Cayman Islands (Companies Act) which is registered with the Cayman Islands Monetary Authority (CIMA) as a fund (Fund). This guide is limited to those Funds registered with CIMA under section 4(3) or 4(4)(a) of the Mutual Funds Act (a Mutual

Data Protection for Cayman Islands investment funds Jul 1, 2026 06:37 The Cayman Islands Data Protection Act (the DP Act) governs how a data controller may process, use and retain personal data. Anyone who falls within the definition of a "data controller" (such as a Cayman Islands investment fund) must now comply with eight data protection principles in relation to any personal data processed by the data controller. Where a data controller engages a third

The roles and responsibilities of the AML Officers of Financial Service Providers Jun 30, 2026 14:38 This guide looks at the roles and responsibilities of the nominated officers of financial service providers whose job it is to look out for and report suspicious activity and who oversee the compliance function and ensure that adequate systems and controls are in place to comply with the Anti-Money Laundering Regulations. Money laundering is the process by which the proceeds of crime are

Private Funds in the Cayman Islands Jun 30, 2026 26:42 The Cayman Islands is the leading jurisdiction for the offshore investment funds industry due to its combination of flexible and appropriate regulation, an approachable and effective regulator, professional service provider expertise, high reputation among investors and a tax neutral regime. Investment funds established in the Cayman Islands fall into two broad categories: open-ended fund

The Funds Download - PRC securities access in 2026, from market entry channels to next generation ETF products Jun 25, 2026 00:36 In this episode of The Funds Download, Stéphane is joined by Claire Chan, Executive Director and Head of Legal and Compliance at China AMC in Hong Kong, to discuss the evolving landscape of PRC inbound investment and what it means for investors accessing China today. Together, they explore shifting investor appetite, key access channels through Hong Kong, the changing regulatory environme

PRC securities access in 2026, from market entry channels to next generation ETF products Jun 25, 2026 00:35 Click here to subscribe to the Funds Download podcast. Choose your preferred platform from the list presented and click subscribe or follow once logged in. Visit the Funds Download podcast page to catch up on all the Funds Download episodes. If you're considering establishing a fund in the Cayman Islands, Luxembourg, or the British Virgin Islands, visit our Funds Hub for guidance.

SFDR Article 6 funds What is an SFDR Article 6 fund? Where are SFDR Article 6 funds commonly established? How Article 6 differs from SFDR Articles 8 and 9 Interaction between SFDR and non-EU fund structures How Harneys can help Jun 16, 2026 11:00 The Sustainable Finance Disclosure Regulation (SFDR) is one of the most consequential pieces of EU financial regulation to emerge in recent years. It establishes a classification framework for financial products based on their sustainability characteristics, dividing them broadly into three categories under Articles 6, 8 and 9. While much of the market's attention has focused on the highe

AIFMD explained: scope, thresholds, exemptions and compliance Jun 10, 2026 14:17 The Alternative Investment Fund Managers Directive (AIFMD) is the cornerstone of EU regulation for managers of non-UCITS investment funds. It determines which fund managers require authorisation, sets asset thresholds that trigger full regulatory obligations, and establishes the framework for marketing alternative investment funds to EU investors. It also created a passport allowing AIFMs

Cayman Islands investment funds and hedge funds explained What are Cayman Islands investment funds? Key features of Cayman Islands funds Benefits of investing in Cayman Islands funds How to set up a fund in the Cayman Islands How Cayman Islands funds compare to other fund jurisdictions Role of CIMA in regulating Cayman Islands mutual funds Typical US manager use cases and common master-feeder structures How Harneys can help Jun 8, 2026 13:21 The Cayman Islands is the world's leading domicile for hedge funds and alternative investment vehicles. Its combination of regulatory pragmatism, tax neutrality, legal certainty and deep service-provider infrastructure makes it the jurisdiction of choice for managers launching funds that accept institutional and sophisticated investor capital. This guide explains the principal fund struct

Establishing an Incubator or Approved Fund in the British Virgin Islands May 21, 2026 14:24 These extremely popular and flexible funds are governed by the Securities and Investment Business (Incubator and Approved Funds) Regulations, Revised Edition 2020, as amended (the Regulations) and the Incubator and Approved Funds Guidelines. The British Virgin Islands (BVI) has often been described as the "home" of the emerging manager and these two fund products further reinforce that me

Continuing obligations for BVI private investment funds Fund policies and arrangements Maintenance of records and financial statements Anti-money laundering obligations Obligations under FATCA and CRS? Beneficial ownership regime May 19, 2026 05:47 A PIF is required to maintain a valuation policy setting out the applicable procedures for the valuation of fund property, the preparation of reports on the valuation and setting out the mechanisms for sharing valuation information with investors (Valuation Policy). A PIF must ensure that the person appointed as its valuation "appointed person" values fund property in accordance with the

Guide to the British Virgin Islands approved manager regime (BVI) May 18, 2026 10:40 This guide provides an overview of the British Virgin Islands' Approved Manager regime. The regime came into effect on 10 December 2012 with the Investment Business (Approved Managers) Regulations, Revised Edition 2020 (the Regulations) and the Approved Investment Managers Guidelines (the Guidelines). It introduces a less onerous regulatory regime for BVI domiciled investment managers and

Data protection for investment funds domiciled in the British Virgin Islands May 18, 2026 07:54 The Virgin Islands Data Protection Act 2021 (the Act) is now in force. The Act imposes a number of obligations upon investment funds in relation to the processing of personal data that they will inevitably collect as part of the investor onboarding procedure. In order to ensure compliance with the Act, investment funds should: Provide investors with a privacy notice Update their offering

The Funds Download - CayLux funds: Parallel funds without parallel headaches (Part II) Mar 26, 2026 01:26 In this episode, our Partner Stéphane Karolczuk and Managing Director Danny Howell from FundSight explore the third-party AIFM model, its role in supporting non-EU asset managers, and the key challenges it solves. They discuss the AIFM's core responsibilities in portfolio and risk management, the delegation versus advisory models, and fund sponsor preferences in Asia. The conversation als

Le nouveau régime de carried interest luxembourgeois: une nouvelle ère pour les gestionnaires de fonds Mar 18, 2026 07:09 Depuis le 1er janvier 2026, le Grand-Duché de Luxembourg a dispose d'un nouveau régime fiscal applicable aux carried interest, confortant ainsi sa position de place financière de premier plan au sein de l'Union Européenne pour les acteurs institutionnels du secteur des fonds d'investissement alternatifs. La présente note a vocation à présenter de manière synthétique les caractéristiques s

Luxembourg's Enhanced Carried Interest Regime: A new era for fund managers Why the reform was necessary Two categories of carried interest Expanded eligibility Structuring flexibility Practical next steps Mar 18, 2026 04:47 As of 1 January 2026, Luxembourg has introduced a modernised and permanent tax regime for carried interest, positioning itself as one of the most competitive jurisdictions in Europe for alternative investment fund professionals. This briefing summarises the key features of the new regime and what it means for fund managers, directors, advisors and other industry participants. The previous

Luxembourg's Enhanced Carried Interest Regime: A new era for fund managers Why the reform was necessary Two categories of carried interest Expanded eligibility Structuring flexibility Practical next steps Mar 18, 2026 04:48 As of 1 January 2026, Luxembourg has introduced a modernised and permanent tax regime for carried interest, positioning itself as one of the most competitive jurisdictions in Europe for alternative investment fund professionals. This briefing summarises the key features of the new regime and what it means for fund managers, directors, advisors and other industry participants. The previous

Introduction to automatic exchange of information for Cayman Islands investment funds Mar 16, 2026 21:16 This guide provides a high level summary of the main obligations for Cayman Islands investment funds under Cayman Islands automatic exchange of information (AEOI) legislation. Over recent years governments around the world have agreed international standards for the automatic sharing of financial account information between global fiscal authorities, with the aim of reducing tax evasion.

Continuing obligations of a Cayman Islands registered private fund Mar 16, 2026 01:12:30 This guide sets out the continuing obligations under Cayman Islands law of a closed-ended fund registered with the Cayman Islands Monetary Authority (CIMA) under the Private Funds Act (Private Funds Act). Part A of this guide covers the ongoing obligations of a private fund that is registered under the Private Funds Act, as well the various FATCA and CRS requirements, and anti-money laund

Tokenised funds in the Cayman Islands What exactly is a tokenised fund? The Cayman Islands framework and proposed changes Will tokenising funds really enhance liquidity? What about other benefits? Tokenising the future Feb 20, 2026 09:08 Last week, the Cayman Islands welcomed an influx of professionals in the digital assets space for its inaugural "Cayman Crypto Week". As a jurisdiction at the forefront of innovative structuring for the digital assets space, this event was testament to the strength of the offering and experience of the professionals based here, and the increasing institutionalisation of crypto. Tokenised

The Funds Download - Unpacking Luxembourg's new carry regime Feb 19, 2026 00:49 In this episode of Funds Hub, Vanessa Molloy and Pierre Luc-Wolff discuss Luxembourg's new carried interest tax regime. They explain the two categories now available, contractual carry and participation carry, and explore who can benefit, including employees, partners, directors, and advisors. Click here to subscribe to the Funds Download podcast. Choose your preferred platform from the l

The Funds Download - Unpacking Luxembourg's new carry regime Feb 19, 2026 00:39 blogs Funds Hub The Funds Download - PRC securities access in 2026, from market entry channels to next generation ETF products blogs Funds Hub The Funds Download - CayLux funds: Parallel funds without parallel headaches (Part II) blogs Funds Hub The Funds Download - Cayman–Luxembourg funds: Parallel funds without parallel headaches (Part I)

The Funds Download - Cayman–Luxembourg funds: Parallel funds without parallel headaches (Part I) Feb 12, 2026 01:54 In this first episode of our new podcast series, our Global Head of Financial Services, Maggie Kwok, and Partner Stéphane Karolczuk explore why managers targeting European investors avoid relying on reverse solicitation and instead turn to national private placement regimes (NPPRs) where available, or choose to establish an AIFMD compliant Luxembourg fund alongside their Cayman structure.

Jurisdictional comparison British Virgin Islands, Cayman Islands and Luxembourg Investment Funds Feb 9, 2026 03:36 [1] Undertakings for Collective Investment in Transferable Securities (UCITS). [2] Refers to undertakings for collective investment (alternative investment funds or AIFS) under the Alternative Investment Fund Managers Directive dated 8 June 2011 (AIFMD), which raise capital from a number of investors with a view to investing it in accordance with a defined investment strategy for the bene

Offshore solutions for emerging fund managers in the Middle East Why emerging managers look offshore Cayman Islands: Global standard-setter British Virgin Islands: Leaner alternatives Managing the fund: The Approved Manager Regime Next steps for emerging fund managers Feb 2, 2026 08:56 Emerging fund managers in the Middle East—particularly those targeting sub-US$50 million in assets under management (AUM)—face critical decisions when launching their first fund. While the region's domestic markets are maturing, and offer a compelling alternative in certain circumstances, for first time managers selecting an offshore jurisdiction may be the better choice. The Cayman Islan

Adding an offshore vehicle to your fund structure Nov 13, 2025 00:21 Ready to launch your fund? Jump straight into our streamlined process by completing our intuitive questionnaire, designed to help you make informed choices about your offshore fund. Get started Get started

Private equity funds investing in property Oct 31, 2025 04:24 I regularly act for residential and commercial property investors and those who lend to them and I also have a (probably) slightly unhealthy interest in Rightmove's sold property prices. What better credentials do I need? With a real estate property magnate in the White House and the increase in property investment generally, the real estate sector is ripe for international private equity

The BVI and Cayman Islands are tax-neutral jurisdictions. What does this mean for your fund? Oct 31, 2025 03:48 Primarily, it means that BVI and Cayman companies are not subject to corporate taxation on income, capital gains or share transfers. Instead, the BVI and Cayman governments raise revenue through other means such as income taxes on resident individuals (in the BVI), real estate taxes, sales and import duties and, in relation to corporate vehicles, through incorporation and licence fees. In

The Hong Kong OFC. Maybe, Maybe Not? Oct 30, 2025 05:25 But will the OFC and proposed tax changes really entice Hong Kong based hedge fund managers to set up funds in Hong Kong? Much of the talk of the "advantage" for a Hong Kong manager in setting up an OFC over a Cayman domiciled fund relates solely to a requirement for dealing only with the Securities and Futures Commission (SFC) and not also the Cayman Islands Monetary Authority (CIMA). Th

Offshore fund vehicles - A transparent guide to making the right choice to maximise your fund's potential Oct 30, 2025 07:11 One of the most common scenarios we encounter is a US-based manager who initially establishes a domestic fund to attract US taxable investors. With the performance going in the right direction, the manager begins to think about US tax-exempt investors, such as charities, pension funds and university endowments, as well as investors based outside of the US, who like the track record and wa

It would be harsh to judge fund manager performance this year Oct 30, 2025 05:19 Here is a way to start an article like no other; what a fantastic year 2020 has been. The obituary of the hedge fund industry has been written many times, but for some, it was written in indelible ink in 2008 following the financial crisis. Commentators blamed the industry for its part in the global collapse, notwithstanding the fact that a huge majority of fund vehicles during that time

Offshore fund vehicles - A transparent guide to making the right choice to maximise your fund's potential Oct 30, 2025 07:11 One of the most common scenarios we encounter is a US-based manager who initially establishes a domestic fund to attract US taxable investors. With the performance going in the right direction, the manager begins to think about US tax-exempt investors, such as charities, pension funds and university endowments, as well as investors based outside of the US, who like the track record and wa

Funds market in China: divergence in an age of convergence Oct 30, 2025 07:27 The market for US dollar (USD)-denominated funds in Greater China has undergone rapid transformation. Professional services providers have been grappling with the impact of a flurry of new laws and regulations, while fund managers have suddenly found themselves overwhelmed by choice. This has led some to question whether market convergence has finally led to the creation of a level playin

Something has happened and we need to suspend NAV calculations and redemptions. What next? Oct 30, 2025 07:26 It seems to have fallen upon me to talk about all the things that can go wrong with your fund! As it happens, suspending NAV calculations, subscriptions and redemptions is not the end of the world that it was once considered. If you keep in mind a few key considerations, chances are you will survive this challenge. Suspensions: The post-2008 context Prior to September 2008, suspensions we

The opportunity for ESG funds in 2021 Oct 30, 2025 03:47 Whilst there is clearly a cacophony of different issues for him to tackle, it did remind me of this excellent article in Reuters back in October which was already tracking the moves being made in the investment funds industry to continue the meteoric rise of ESG investment strategies. For those that are very late to the party, ESG stands for environmental, social and governance and the st

Luxembourg: Modernisation of the securitisation law Oct 28, 2025 06:38 On 9 February 2022, the Luxembourg Chamber of Deputies (Chambre des Députés), adopted the law modernising the Luxembourg law of 2 March 2004 on securitisation, as amended (the New Securitisation Law). The New Securitisation Law enhances legal certainty and flexibility of the Luxembourg securitisation regime, while ensuring and increasing effective protection for investors. The New Securit

The opportunity for ESG funds in 2021 Oct 27, 2025 03:47 Whilst there is clearly a cacophony of different issues for him to tackle, it did remind me of this excellent article in Reuters back in October which was already tracking the moves being made in the investment funds industry to continue the meteoric rise of ESG investment strategies. For those that are very late to the party, ESG stands for environmental, social and governance and the st

Tax amnesty heralds increased demand for Offshore Funds in the LATAM region Oct 10, 2025 07:50 After a highly educational trip down to Buenos Aires at the end of last year, I couldn't help but be encapsulated by everything that was going on in Argentina. It absolutely felt like a country that was finally moving in the right direction and the Tax Amnesty was a large part of that. On that basis, I took the time out to interview the head of our Montevideo Office, Horacio Woycik to gau

Tax amnesty heralds increased demand for Offshore Funds in the LATAM region Oct 9, 2025 07:50 After a highly educational trip down to Buenos Aires at the end of last year, I couldn't help but be encapsulated by everything that was going on in Argentina. It absolutely felt like a country that was finally moving in the right direction and the Tax Amnesty was a large part of that. On that basis, I took the time out to interview the head of our Montevideo Office, Horacio Woycik to gau

Adding an offshore vehicle to your fund structure Sep 24, 2025 00:20 Ready to launch your fund? Jump straight into our streamlined process by completing our intuitive questionnaire, designed to help you make informed choices about your offshore fund. Get started Get started

It would be harsh to judge fund manager performance this year Jun 18, 2025 05:19 Here is a way to start an article like no other; what a fantastic year 2020 has been. The obituary of the hedge fund industry has been written many times, but for some, it was written in indelible ink in 2008 following the financial crisis. Commentators blamed the industry for its part in the global collapse, notwithstanding the fact that a huge majority of fund vehicles during that time

The Hong Kong OFC. Maybe, Maybe Not? Jun 16, 2025 05:25 But will the OFC and proposed tax changes really entice Hong Kong based hedge fund managers to set up funds in Hong Kong? Much of the talk of the "advantage" for a Hong Kong manager in setting up an OFC over a Cayman domiciled fund relates solely to a requirement for dealing only with the Securities and Futures Commission (SFC) and not also the Cayman Islands Monetary Authority (CIMA). Th

Mutual funds in the Cayman Islands Jan 14, 2025 30:46 The Cayman Islands is the leading jurisdiction for the offshore investment funds industry due to its combination of flexible and appropriate regulation, an approachable and effective regulator, professional service provider expertise, high reputation among investors and a tax neutral fiscal regime. Investment funds established in the Cayman Islands fall into two broad categories: open-end

Continuing obligations for Private and Professional Funds (BVI) The board and officers Functionaries and other service providers Service provider Requirement Is an exemption available? Notice requirements Event triggering an obligation to notify the FSC Time frame Annual regulatory and government requirements Due by date Action Maintenance of records and financial statements Fund policies and arrangements Anti-money laundering obligations Obligations under FATCA and CRS? Beneficial ownership regime Sep 5, 2024 12:10 As a recognised fund, your professional or private fund is regulated by the British Virgin Islands (BVI) Financial Services Commission (the FSC). This note provides a quick reference to your professional or private fund's ongoing BVI obligations. Professional and private funds are recognised under the Securities and Investment Business Act, Revised Edition 2020 and are subject to the Mutu

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Jurisdictional comparison British Virgin Islands, Cayman Islands and Luxembourg Investment Funds Apr 14, 2022 00:19 The following table shows the similarities and differences between the BVI, Cayman and Luxembourg Investment Funds across 27 different areas. Please reach out to the authors to find out more.

Luxembourg: Modernisation of the securitisation law New sources of funding New legal forms New authorisation and supervision requirements New rules governing the accounting treatment of equity-financed compartments Holding of securitised assets Security interests Active management Ranking/legal subordination New registration requirements Feb 11, 2022 05:55 On 9 February 2022, the Luxembourg Chamber of Deputies (Chambre des Députés), adopted the law modernising the Luxembourg law of 2 March 2004 on securitisation, as amended (the New Securitisation Law). The New Securitisation Law enhances legal certainty and flexibility of the Luxembourg securitisation regime, while ensuring and increasing effective protection for investors. The New Securit

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