Setting Up a Fund

Screen-Shot-2018-03-05-at-17.06.59 Setting Up a Structure
cropped-SJRQ2-opt Setting Up a Structure

Key Facts

Dublin serves as a key hub for fund servicing operations within the global asset management industry. Dublin has over €2 trillion in assets under management in over 13,000 funds. Irish domiciled ETFs represent approximately 50% of the total European ETF market and over 40% of global hedge fund assets are serviced here. Net assets of UCITS stand at € 1.5 bn. There are 14,000 people employed in the Irish funds industry, with 39 international fund administrators, 19 custodians and 11 fund auditors. Also, the country is a world leader in aircraft leasing. Its combination of European Union membership, strategic location and business-friendly laws make Ireland one of the most popular offshore options.

No. of Funds

13,000

AUM

$2 trillion

Regulator

www.centralbank.ie

Offices

Finscoms_Logo_multi_Hires Setting Up a StructureFinscoms is a communication and marketing business established by industry professionals with significant experience and expertise, technical knowledge and a proven track record in relationship building, funds marketing, legal marketing and communications within the Financial Services Industry.

Key Contact

www.finscoms.com

cropped-Malta-opt Setting Up a Structure

Key Facts

Malta possesses sound legislation, a highly skilled workforce, solid infrastructure, excellent international links, a favourable taxation system as well as numerous Government grants and exemptions. Malta is fast becoming the go-to country for setting up a business in the Mediterranean. Malta is economically and politically very stable, and so it is a highly attractive prospect for anyone wishing to invest in or set up business. The number of foreign investors and residents is growing year on year, thanks in no small part to the island’s strong property market. There is €9.8 billion in assets under management in nearly 650 funds in the country. There are 30 international administrators, 11 custodians, 19 fund auditors and 15 law firms in Malta.

No. of Funds

650

AUM

$10.5 billion

Regulator

www.mfsa.com.mt

Offices

Ganado-Advocates Setting Up a StructureGANADO Advocates is a leading law firm based in Malta, widely recognised for its business and commercial law practice. Consistently ranked by clients, peers and independent directories alike as a top-tier law firm in all its core sectors, the firm aims to provide its clients with sound yet practical legal advice based on its unparalleled experience and industry insight. GANADO Advocates traces its roots back to the early 1900s and is today one of Malta’s foremost law practices and possibly its most prestigious one.

Offices

Finscoms_Logo_multi_Hires Setting Up a StructureFinscoms is a communication and marketing business established by industry professionals with significant experience and expertise, technical knowledge and a proven track record in relationship building, funds marketing, legal marketing and communications within the Financial Services Industry.

Our Contact

www.ganadoadvocates.com

 

 

 

Key Contact

www.finscoms.com

Luxembourg-2-opt-1-e1507809740486 Setting Up a Structure

Key Facts

Luxembourg is the largest European Union fund domicile. That's due in part to the country's top S&P rating. Luxembourg revels in the highest ratings from leading agencies such as Moody's and Fitch, and remains the clear financial sector leader in the Eurozone. Luxembourg has over €3.6 trillion in assets under management in over 13,000 funds. Luxembourg domiciled UCITS represent approximately 37% of the total European UCITS market. Investors appreciate the country’s extreme stability in regards to its politics, economy, and tax policies. Luxembourg is also gaining attention for its creation of low-tax, high-security storage facilities for the housing of assets such as fine art, precious metals, classic cars, and even wine.

No. of Funds

13,000

AUM

$4 trillion

Regulator

www.cssf.lu/en

Offices

Finscoms_Logo_multi_small Setting Up a StructureFinscoms is a communication and marketing business established by industry professionals with significant experience and expertise, technical knowledge and a proven track record in relationship building, funds marketing, legal marketing and communications within the Financial Services Industry.

Offices

pwc_logo_3463 Setting Up a Structure

PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with 2,700 people employed from 58 different countries. It provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. It helps its clients create value they are looking for by giving comfort to the capital markets and providing advice through an industry focused approach.

Offices

logo-300x98 Setting Up a Structure

Hance Law is a Luxembourg niche boutique law firm specialized in business, tax, and financial law. Our Luxembourg corporate lawyers provide legal advice to our clients to allow them to take advantage of appropriate and favourable legal frameworks, whether it be to incorporate companies or investment funds, to elaborate international tax optimization schemes, to incorporate funds raising operations in order to fund new projects or companies, to ensure the protection of values and assets, and finally, to execute and manage of international transactions in a secure legal framework.

Key Contact

www.finscoms.com

 

 

Our Contact

www.pwc.lu

 

 

 

 

Our Contact

www.hance-law.com

bern-2155080_1920-opt-1-e1507809393668 Setting Up a Structure

Key Facts

Switzerland, as an important financial center, has always been very attractive for the asset management industry and in particular investment funds. Since Switzerland's decision not to access the European Economic Area (EEA) in 1992, the market for investment funds in Switzerland has been separated into two types of activities: the distribution of foreign collective investment schemes in Switzerland and the production of Swiss collective investment schemes. Switzerland has become a very important market for the distribution of foreign funds but also has a very important domestic market for Swiss funds. The distribution of foreign investment funds in Switzerland has grown significantly, particularly in the last decade. For retail investors, due to the fact that Switzerland is not a member of the European Union (EU) or of the EEA, Swiss funds cannot be marketed with the UCITS passport within the EU countries. Therefore, in order to have access to the European market, several Swiss actors have established fund management companies in the EU and set-up UCITS platforms. Such UCITS funds are then not duplicated for the Swiss market, but are distributed in Switzerland. The Swiss market is also very attractive for foreign fund management players who want to access the Swiss market and raise money in Switzerland for their products.

No. of Funds

1,551

AUM

$900 billion

Regulator

www.finma.ch/en

Offices

pwc_logo_3463 Setting Up a StructurePwC Switzerland is the leading audit and advisory company in Switzerland. As an independent member of the international PwC network, we help organisations and individuals create the value they are looking for. Whether your needs are international or local, large or small, we are on hand to serve as your partner for assurance, tax and advisory.

Our Contact

www.pwc.ch

grand-cayman-1152513_1920-opt-e1507809263213 Setting Up a Structure

Key Facts

The Cayman Islands have a history of serving as a preferred destination for funds being advised by investment banks. The country ranks first globally among offshore hedge fund domiciles, and is the fifth largest financial services center in the world.There are $3.5 trillion in net assets under management in close to 11,000 registered funds. There is in excess of 2,700 private equity funds with over $800 billion in gross assets and in excess of 300 real estate funds with over $4.3 billion in gross assets. There are 106 fund administrators, 48 fund auditors and 35 law firms. The Cayman Islands' popularity is explained by many factors, including a stable government, pro-business policies, and advanced legal system—as well as numerous tax-free incentives with minimal financial regulation and oversight.

No. of Funds

11,000+

AUM

$3.5 trillion

Regulator

www.cima.ky

Offices

maplesfs-e1507486406515 Setting Up a StructureMaples Fund Services (Cayman) Limited MaplesFS, through its divisions Maples Fiduciary, Maples Fund Services and Maples Private Client Services, is an independent global provider of specialised fiduciary, fund administration, entity formation and management, insurance management and trust and private client services.

Our Contact

www.maplesfs.com

british-virgin-islands-e1507809499297 Setting Up a Structure

Key Facts

The British Virgin Islands offer one of the best and most respected financial sectors not only in the Caribbean, but on a global scale. Along with its modern, efficient banking system, the government has placed considerable focus on developing strict money laundering and tax evasion standards. Since the adoption of the BVI Business Companies Act in 2004, over half a million firms have been incorporated on the island.Incorporation in the British Virgin Islands offers significant advantages. Among these are the ability to list on any stock exchange in the world, the use of the U.S. dollar as local currency and the absence of exchange controls. Since 2012, the BVI has introduced three exciting and innovative investment fund products, namely: the BVI Approved Manager, the BVI Incubator Fund and the BVI Approved Fund. These factors help make the British Virgin Islands one of the world's most popular destinations for newly incorporated private and holding companies.This emphasis on transparency has earned the British Virgin Islands an outstanding reputation in the financial community and a place on the OECD’s “white list”.

No. of Funds

2000+

AUM

$1.5 trillion

Regulator

www.bvifsc.vg

gibraltar-2079953_1920-opt-e1507809989741 Setting Up a Structure

Key Facts

Gibraltar has emerged as a popular alternative jurisdiction for investment funds and their managers, offering robust fund legislation, favourable tax advantages, within an EU framework, efficient regulation, the flexibility of a small jurisdiction and quality infrastructure. Gibraltar’s funds and investments infrastructure has developed over the past decade. Gibraltar’s main attraction to investors is as an EU domicile, which provides entry to the single market in financial services, thereby enabling passporting throughout the member states of the EU.

No. of Funds

200+

AUM

$3.5 billion

Regulator

www.fsc.gi

Guernsey-2-opt Setting Up a Structure

Key Facts

Guernsey has a well-developed financial infrastructure, offering strong banking, investment advice and management, and fund management services. It is a leading domicile for captive insurance and private equity funds in Europe. The Channel Island’s Stock Exchange is based in Guernsey. In 2015, the European Securities and Markets Authority (ESMA) recommended that Jersey and Guernsey receive EU AIFMD passport rights, thereby extending the market access of the Channel Islands to EU countries. Guernsey has over $300 billion in assets under management in 1,037 funds.

No. of Funds

1,037

AUM

$300 billion

Regulator

www.gfsc.gg

Offices

pwc_logo_3463 Setting Up a StructureThe PwC Channel Islands firm has a team of over 200 staff providing assurance, tax, and advisory services. We act as auditors for 51% of all funds serviced in Jersey which amount to over 740 funds domiciled or administered in the Island. In Guernsey we act as auditors for more than 30% which amounts to over 525 funds.

Our Contact

www.pwc.com/jg/

jersey-1705814_1920-e1507806777726 Setting Up a Structure

Key Facts

Jersey is long established as a strong financial center. It is the larger of the two islands in terms of services, specializing in a variety of fund categories. Jersey also offers a number of low-tax business formats. Jersey has over £300 billion in assets under management in 1,195 funds.

No. of Funds

1195

AUM

$395 billion

Regulator

www.jerseyfsc.org

london-bridge-945499_1920-opt-e1507809948664 Setting Up a Structure

Key Facts

London is one of the most important financial centers of the world and the largest urban zone of the European Union. It is the major financial center also for international business and commerce. It is also the 5th largest city economy in the entire world after cities such as Tokyo, New York, Los Angeles and Chicago. One of the key areas worth investing in London is in the manufacturing of green products. Apart from this, there are also lots of opportunities for investors to invest in the largest sector of London, financial exports. There also lots of opportunities in media and professional services which is considered to be the second largest sector in London. The government offers lots of incentives to foreign investors who wish to invest in London. The UK trade and investment agency which is established by the UK government to assist investors with their decisions of investing in London sees that investors get all the tax incentives and tax benefits that are applied to the whole of the United Kingdom. The UK tax policy is in fact benign for foreign investors and hence many investors are attracted to invest in cities such as London.

No. of Funds

9000+

AUM

$4.5 trillion

Regulator

www.bankofengland.co.uk

Offices

logo-1 Setting Up a StructureVeneziano & Partners is an international consulting boutique specialised in the European regulation of cross-border fund distribution and global fund registration services under UCITS & AIFMD.

Offices

CJG Setting Up a StructureCarlton James Group is a private Investment group specializing in diversified portfolios across different global asset classes across varying jurisdictions, Industries and economies with the goal of investing in a diverse portfolio with a capital protection focus and the potential to generate higher returns and secure their capital against global financial upset. The Carlton James Investment team possesses decades of experience in the investment arena and utilize their market position to invest in collateralized senior debt opportunities, producing a consistent investment return (IR) that beats market expectations.

Our Contact

www.venezianoandpartners.co.uk

 

 

Our Contact

www.carltonjamesgroup.com

toronto-2183706_1920-opt-e1507809806923 Setting Up a Structure

Key Facts

Toronto is Canada’s business and financial capital, a growing financial hub in North America, and a top ten global financial centre. The Toronto region’s GDP accounts for 18 per cent of Canada’s GDP and Toronto’s economy grew by 2.4 per cent in 2014. It is home to Canada’s five major banks, the vast majority of foreign banks operating in Canada, and the Toronto Stock Exchange (TSX) – the world’s principal exchange for mining, oil and gas and a leader in cleantech listings. Toronto is competitive in almost every other major business sector from technology and life sciences to green energy; from fashion and design to food and beverage; from film and television production to music and digital media. Toronto’s rich industrial diversity drives growth, innovation and cross-sectoral synergies and knowledge spillovers have spawned new leading-edge hybrid sectors including med-tech, green-tech and food-tech.

No. of Funds

8000+

AUM

$800 billion

Regulator

www.osfi-bsif.gc.ca

Offices

Claritas-logo-resize-rgb300 Setting Up a StructureClaritas Communications Inc. (Claritas) serves business-to-business and corporate clients – complex organizations with sophisticated corporate needs. To best serve these clients, Claritas draws upon a range of corporate advisory, marketing, sales and marketing communications skills. Moreover, it applies business judgement that is grounded by the extensive experience of its consultants.

Our Contact

www.claritas-inc.com

new-york-1768212_1920-opt-e1507809849759 Setting Up a Structure

Key Facts

New York City remains the largest centre for trading in public equity and debt capital markets, driven in part by the size and financial development of the U.S. economy. The NYSE and NASDAQ are the two largest stock exchanges in the world. New York City is not only home to a number of billion dollar hedge funds, including Och-Ziff Capital Management and Renaissance Technologies; it is also the area with the highest concentration of hedge fund managers of any city worldwide with more than 1,000 firms. The state's tax policies allow new businesses to operate tax-free for 10 years. Investors who want to give seed money to New York businesses are able to observe start-ups through the city's many incubators, which foster business growth. Larger tech companies are creating strong pools of tech talent, while the city's wonderland of activities lend themselves toward enticing the younger workforce.

No. of Funds

6000+

AUM

$6.5 trillion

Regulator

www.sec.gov

No. of Funds

6000+

AUM

$6.5 trillion

Regulator

www.sec.gov

monte-2297813_1920-opt-e1507809890187 Setting Up a Structure

Key Facts

Among the many aspects which make Monaco a strategic location for doing business in Europe are its unique political and economic environment, the presence of efficient administrative infrastructures, the density of financial activities and the security for residents and their property. With 37 banks, and more than 42 portfolio and mutual fund management companies, the banking sector constitutes a large part of Monaco's financial activity. The Monegasque government actively combats money-laundering and numbered bank accounts are illegal. However, bank confidentiality is one of the main principals of Monegasque banking. Monegasque banking establishments are not only capable of managing international assets, but also offer comprehensive services to companies in the Principality (including helping companies to obtain financial resources from a special government fund).

No. of Funds

150+

AUM

$4 billion

Regulator

www.ccaf.mc/en

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cyprus-2114900_1920-opt-e1507810039595 Setting Up a Structure

Key Facts

Cyprus' status as an offshore area of note was given a boost by its admittance into the European Union in 2004. The country benefits from the EU's single market directives and its own emerging body of jurisprudence.There is €2.9 billion in assets under management with over 80 funds located in the country. Cyprus has 37 promotors of administered funds, 7 fund custodians and over 100 law firms and auditors. Advantages of incorporating in Cyprus include a low corporation tax, no capital gains or dividend tax for non-residents of Cyprus, a strong business infrastructure, and a legal system based primarily on English law.

No. of Funds

80+

AUM

$3.5 billion

Regulator

www.cysec.gov.cy

IoM Setting Up a Structure

Key Facts

The Isle of Man's low tax status, political and economic stability and proximity to the key markets of Europe make it a compelling and cost-effective alternative for the domicile of investment funds. With a wide range of fund service providers and a sophisticated professional and banking infrastructure, the Island offers a solution for all fund promoters. The Isle of Man has a well-founded reputation as a premier jurisdiction in terms of regulation and achieves a balance between, on the one hand, providing a business-friendly environment and, on the other hand, meeting international standards of financial supervision. As you would expect of a common law jurisdiction, the Isle of Man offers a full range of vehicles for use as fund structures, including open-ended investment companies, protected cell companies, limited partnerships and unit trusts.

No. of Funds

300+

AUM

$25 billion

Regulator

www.iomfsa.im

Mauritius Setting Up a Structure

Key Facts

Gaining attention as an international financial centre on the rise, Mauritius is an attractive domicile for investment funds in emerging markets, particularly in India. It offers excellent access to Asia, South Africa, the Middle East and Europe. With a reputation for being well established, this small island has both a regulated—and pragmatic—environment, and an extensive double-tax treaty network. There are over 1,000 funds located in Mauritius.

No. of Funds

1000+

AUM

$80 billion

Regulator

www.fscmauritius.org/en

No. of Funds

1000+

AUM

$80 billion

Regulator

www.fscmauritius.org/en