Investment Funds

GFSC Global since its establishment provides the highest level of professional services to a wide range of fund related structures, including formation, licensing, accounting, administration and banking services. We cover a plethora of fund structures from a variety of jurisdictions including inter alia, Cyprus, Mauritius, Seychelles, BVI, Cayman Islands.

Our biggest asset is our multi-discipline human capital which consists of a dedicated team of lawyers, chartered accountants, CySEC licensed, MBA holders and other professionally qualified administration staff, enriched and supported by state-of-the-art software that can cope with the most complex of fund structures.

We are fully aware that each fund structure is created with its own unique investment strategy and differentiated by factors such as geographical focus, size and type of investment, risk attitude and investor type.

Through our experienced and qualified team, we can provide the following services:

Preparation and Application to the Financial Commission/ Regulator of mentioned jurisdictions for obtaining a license as an AIFs, AIFLNPs, Private Funds, Hedge Funds, Master Funds and etc.
Preparation of the constitutionals documents and Incorporation of the Investment Fund
Administration Services/ principal office/ calculation of the net asset value (NAV) and the subscription/ redemption of shares
Accounting Services
Fund Administration
Compliance Support Services
Internal and External Auditor Services
Secretarial Services

Cyprus Investment Funds

The Investment Funds in Cyprus are authorised and supervised by the Cyprus Securities and Exchange Commission (CySEC) and are governed by the Alternative Fund Law.

Below please find features of the particular fund categories in more details:

Feature/Category	Alternative Investment Fund (AIF)	Registered Alternative Investment Fund (RAIF)	Alternative Investment Fund with Limited Number of Investors (AIFLNP)
Type of company required to be eligible	• Investment Company with fixed capital or variable capital • Limited Partnership • Common Fund	• Investment Company with fixed Capital or variable capital • Limited Partnership • Common Fund	• Investment Company with fixed Capital or variable capital • Limited Partnership • Common Fund
Corporate taxation	12,5%	12,5%	12,5%
Main requirements	• AIFs are to be managed by a licensed manager which will provide several mandatory services • Audited Financial Statements	• RAIFs are to be externally managed by a duly authorized Alternative Investment Fund Manager (AIFM) which will provide several mandatory services • Audited Financial Statements	• AIFLNPs are to be managed by a licensed fund manager which will provide several mandatory services • Compliance Officer, Internal Audit, Risk Management • Audited Financial Statements
Minimum initial investment	500,000 EUR	500,000 EUR	Not required
Target group	Any type of investors	Well-informed and/or Professional Investors	Well-informed and/or Professional Investors
Number of investors	Unlimited	Unlimited	Maximum of 50 investors
Timeframe	A completed application is normally decided upon CySEC approval within 3 months from the date of the final filing.	A completed application is normally decided upon CySEC approval for registration within 1 month from the date of the final filing after having verified and found that the external manager can manage the RAIF.	A completed application is normally decided upon CySEC approval within 3 months from the date of the final filing.
Government fees	2,000 EUR*	400 EUR*	1,300 EUR*

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel

3) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

4) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Net Asset Value (NAV) Calculation

5) Provide outsourced Compliance & AML Support services

6) Provide outsourced Risk Management services

7) Assistance with finding local premises

8) Assistance with Trademark & Brand Name registration

9) Provide in-house trainings/seminars

10) Provide Legal Opinions

11) Provide DPO & GDPR Advisory services

Seychelles Mutual Funds

The Mutual Funds in Seychelles are authorised and supervised by the Financial Services Authority Seychelles (“FSA”) under the provisions of the Mutual Fund and Hedge Fund Act 2008.

Below please find features of the particular fund categories in more details:

Feature/Category	Professional Funds	Private Funds	Public Funds
Type of company required to be eligible	• International Business Company • Special License Company • Protected Cell Company • Trust	• International Business Company • Special License Company • Protected Cell Company • Trust	• International Business Company • Special License Company • Protected Cell Company • Trust
Corporate taxation	1.5%	1.5%	1.5%
Main requirements	• Appointment of a custodian, manager, administrator (locals) • Submission of audited financial statements with local auditor	• Appointment of a custodian, manager, administrator (locals) • Submission of audited financial statements with local auditor	• Appointment of a custodian, manager, administrator (locals) • Submission of audited financial statements with local auditor • Minimum of 2 directors in case of a company, minimum of 2 general partners in case of a partnership, minimum of 2 trustees in case of a trust
Minimum initial investment	100,000 USD	Not required	Not required
Target group	Professional investors	Any type of investors	Any type of investors
Number of investors	Unlimited	Maximum of 50 investors	Unlimited
Timeframe	A complete license application is normally decided upon FSA approval within 3,5-5 months from the date of filing.	A complete license application is normally decided upon FSA approval within 3,5-5 months from the date of filing.	A complete license application is normally decided upon FSA approval within 3,5-5 months from the date of filing.
Government fees	1,000 USD	750 USD	1,500 USD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel

3) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

4) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Net Asset Value (NAV) Calculation

5) Provide outsourced Compliance & AML Support services

6) Provide outsourced Risk Management services

7) Assistance with finding local premises

8) Assistance with Trademark & Brand Name registration

9) Provide in-house trainings/seminars

10) Provide Legal Opinions

11) Provide DPO & GDPR Advisory services

Mauritius Investment Funds

The Investment Funds in Mauritius are authorised and supervised by the Financial Services Commission (“FSC”) under the provisions of the Securities Act 2005.

Below please find features of the particular fund categories in more details:

Feature/Category	Collective Investment Scheme (CIS)	Closed- end Fund (CEF)
Type of company required to be eligible	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company
Corporate taxation	3%	3%
Main requirements	• Appointment of 2 minimum directors (locals), custodian, manager, administrator (locals), MLRO • Submission of audited financial statements with local auditor	• Appointment of 2 minimum directors (locals), custodian, manager, administrator (locals), MLRO • Submission of audited financial statements with local auditor
Minimum initial investment	200,000 USD	200,000 USD
Target group	Any type of investors	Any type of investors
Number of investors	Unlimited	Unlimited
Timeframe	A complete license application is normally decided upon FSC approval within 3-4 months from the date of filing.	A complete license application is normally decided upon FSC approval within 3-4 months from the date of filing.
Government fees	1,000 USD	1,000 USD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel

3) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

4) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Net Asset Value (NAV) Calculation

5) Provide outsourced Compliance & AML Support services

6) Provide outsourced Risk Management services

7) Assistance with finding local premises

8) Assistance with Trademark & Brand Name registration

9) Provide in-house trainings/seminars

10) Provide Legal Opinions

11) Provide DPO & GDPR Advisory services

British Virgin Islands Investment Funds

The Investment Funds in BVI are authorised and supervised by the Financial Services Commission (“BVIFSC”) under the provisions of the Securities and Investment Business Act, 2015, the Securities and Investment Business Act, 2010 and the Mutual Funds Regulations 2010.

Below please find features of the particular fund categories in more details:

Feature/ Category	Approved Fund	Incubator Fund	Private Fund	Professional Fund	Public Fund
Type of company required to be eligible	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company	• Limited Company • Trust • Limited Partnership • Foundation • Protected Cell Company
Corporate taxation	0%	0%	0%	0%	0%
Main requirements	• Appointment of 2 minimum directors one of whom shall be an individual, custodian, manager, administrator, MLRO, authorised representative (local) • Submission of audited financial statements with local auditor	• Appointment of 2 minimum directors one of whom shall be an individual, custodian, manager, administrator, MLRO, authorised representative (local) • Submission of audited financial statements with local auditor	• Appointment of 2 minimum directors one of whom shall be an individual, custodian, manager, administrator, MLRO, authorised representative (local) • Submission of audited financial statements with local auditor	• Appointment of 2 minimum directors one of whom shall be an individual, custodian, manager, administrator, MLRO, authorised representative (local) • Submission of audited financial statements with local auditor	• Appointment of 2 minimum directors one of whom shall be an individual, custodian, manager, administrator, MLRO, authorised representative (local) • Submission of audited financial statements with local auditor
Minimum initial investment	Not required	20,000 USD	100,000 USD	100,000 USD	Not required
Target group	Any type of investors	Sophisticated private investors	Professional investors	Professional investors	Any type of investors
Number of investors	Maximum of 20 investors	Maximum of 20 investors	Maximum of 50 investors	Unlimited	Unlimited
Timeframe	A complete license application is normally decided upon BVIFSC approval within 3-5 weeks from the date of filing.	A complete license application is normally decided upon BVIFSC approval within 2 weeks from the date of filing.	A complete license application is normally decided upon BVIFSC approval within 3-5 weeks from the date of filing.	A complete license application is normally decided upon BVIFSC approval within 3-5 weeks from the date of filing.	A complete license application is normally decided upon BVIFSC approval within 3-5 weeks from the date of filing.
Government fees	1,500 USD	1,500 USD	750 USD	*	500 USD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel

3) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

4) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Net Asset Value (NAV) Calculation

5) Provide outsourced Compliance & AML Support services

6) Provide outsourced Risk Management services

7) Assistance with finding local premises

8) Assistance with Trademark & Brand Name registration

9) Provide in-house trainings/seminars

10) Provide Legal Opinions

11) Provide DPO & GDPR Advisory services

Cayman Islands Investment Funds

The Investment Funds in Cayman Islands are authorised and supervised by the Cayman Islands Monetary Authority (CIMA) under the Mutual Funds Law.

Below please find features of this particular fund categories in more details:

Feature/Category	Exempt Fund	Administered Fund	Master Fund	Registered Fund
Type of Company required to be eligible	• Exempted Company • Segregated Portfolio Company • Limited Liability Company • Exempted Limited Partnerships • Unit Trusts	• Exempted Company • Segregated Portfolio Company • Limited Liability Company • Exempted Limited Partnerships • Unit Trusts	• Exempted Company • Segregated Portfolio Company • Limited Liability Company • Exempted Limited Partnerships • Unit Trusts	• Exempted Company • Segregated Portfolio Company • Limited Liability Company • Exempted Limited Partnerships • Unit Trusts
Corporate taxation	0%	0%	0%	0%
Minimum requirements	• Appointment of 2 minimum directors, Compliance Officer, MLRO, Deputy MLRO	• Appointment of 2 minimum directors, fund administrator (local), Compliance Officer, MLRO, Deputy MLRO • Submission of audited financial statements with local auditor	• The principal office shall be local and is provided by a licensed mutual funds administrator • Appointment of 2 minimum directors, Compliance Officer, MLRO, Deputy MLRO • Submission of audited financial statements with local auditor	• Appointment of 2 minimum Directors, fund administrator, Compliance Officer, MLRO, Deputy MLRO • Submission of audited financial statements with local auditor
Minimum initial investment	100,000 USD	Not required	100,000 USD	100,000 USD
Target group	Any type of investors	Any type of investors	Any type of investors	Sophisticated investors
Number of investors	Maximum of 15 investors	Unlimited	Unlimited	Unlimited
Timeframe	A complete license application is normally decided upon CIMA approval within 3-4 weeks from the date of filing.	A complete license application is normally decided upon CIMA approval within 5-6 weeks from the date of filing.	A complete license application is normally decided upon CIMA approval within 5-6 weeks from the date of filing.	A complete license application is normally decided upon CIMA approval within 5-6 weeks from the date of filing.
Government fees	4,268.29 USD	4,268.29 USD	3,048.78 USD	4,268.29 USD

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel

3) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

4) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Net Asset Value (NAV) Calculation

5) Provide outsourced Compliance & AML Support services

6) Provide outsourced Risk Management services

7) Assistance with finding local premises

8) Assistance with Trademark & Brand Name registration

9) Provide in-house trainings/seminars

10) Provide Legal Opinions

11) Provide DPO & GDPR Advisory services

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