ineste

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, Luxembourg, Malta, Mauritius, Guernsey, Jersey, Isle of Man, Ireland, 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.

Services we provide to Investment Funds globally:

  1. 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.
  2. Preparation of the constitutionals documents and Incorporation of the Investment Fund
  3. Administration Services/ principal office/ calculation of the net asset value (NAV) and the subscription/ redemption of shares
  4. Accounting Services
  5. Fund Administration
  6. Compliance Support Services
  7. Internal and External Auditor Services
  8. Secretarial Services

Apply for our Investment Funds Services

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Investment Funds

EU Jurisdictions

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

Investment Funds

Offshore Jurisdictions

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

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

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

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