"Private basis" means that the making of an invitation to subscribe for interests is made (i) to specified persons (however described) and is not calculated to result in shares becoming available to other persons or to a large number of investors, or (ii) by reason of a private or business connection between the person making the invitation and the investor.
Another option also exists in the BVI-the Closed-Ended CompanyīVI Private Funds Private Funds must have no more than 50 investors or only make invitations to subscribe for or purchase fund interests on a private basis.
In the BVI regulated funds are categorized as either Incubator Funds, Approved Funds, Private Funds, Professional Funds, or Public Funds. Presently, it offers start up fund managers more fund options than any other country.
#Bvi incubator hedge fund full
It boasts a full range of professional service providers and very low start-up and ongoing fees and costs.The British Virgin Islands (BVI) is one of the best countries in the world to set up a hedge fund and a licensed investment management business. There are no regulatory restrictions on investment policies or strategies and there is no requirement to appoint local directors, administrators or auditors. BVI is committed to remaining fully compliant with international financial regulatory norms and regulations.
The BVI is a zero tax country and has no capital gains or capital transfer taxes, no inheritance tax, and no sales tax or VAT. Why the British Virgin Islands? The British Virgin Islands (BVI) is an attractive and affordable country for hedge funds.
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