Cheapest investment fund setup?

[369]

What would be the cheapest investment fund setup ?

 

[Sols]

It depends on the type, purpose, and expected size of the investment fund. Residence/nationality of founders and customers can also matter.

BVI, Cayman Islands, and Isle of Man are very popular and offer a pretty good balance between cost, regulation, and reputation.

 

[369]

Seize is very small.
It is basicly a tool to avoid to hold CBDC's which will be provided to retailers.
So low maintenance fee is important,
Residence Mauritius and nationality currently Austrian

 

[Sols]

Just to clarify, what do you mean by investment fund? And are you going to collect funds from independent third parties (the public/retailers) and manage/invest them?

There are different vehicles available in Mauritius that might be of interest: CIS (Closed Investment Scheme) and CEF (Closed-Ended Fund). I don't know the fees off the top of my head but these things tend to be very reasonably priced in Mauritius.

Seychelles might also be worth looking into. They have a different vehicles available.

There's also some sort of investment license for companies in Belize, but you need to open a local bank account and deposit 50–100,000 USD. Aside from that, the fees are competitive.

 

[algotrader]

Another question is what would be the economic substance requirements for such a fund? Do you need to set up a local management company, appoint "qualified" fund managers, have a local office, or can you run them by another company from abroad? Can you open accounts with regulated brokers in EU/UK/US or will you face the same problems as with offshore companies (need for a director with local residence)? Do you need to give third parties access to accounts?

 

[Don]

What would be the cheapest investment fund setup ?

Where are your clients going to be based?