Financial Services for Gibraltar Private Fund

[justlavra]

We are in the process of registering a private fund in Gibraltar structured as a Limited Partnership with a General Partner based in Gibraltar. I’m looking for advice and recommendations on the following:

1. Banking options:
   
   • A bank account to accept contributions from individual investors participating in the fund.
   • A separate account for the fund’s operational activities.
     (These can be two different banks if necessary.)
2. Brokers:
   
   • Does Interactive Brokers work well for this setup?
   • Are there any other reliable broker options you would recommend?
3. Crypto exchanges:
   
   • Apart from Kraken, are there any other crypto exchanges that you would suggest for this type of fund?

Any insights, advice, or recommendations would be greatly appreciated. Thank you in advance!

 

[Houdini]

Have you spoken with your agent or lawyer who helps with the setup of the Gibraltar LP ? Usually they are the first to ask to help with banking and other financial services.

 

[Silverlake]

In terms of banking options in Gibraltar I believe you will be quite limited, but you can start with these.

1. Gibraltar International Bank (I believe they will require local presence)
2. Trusted Novus Bank
3. Turicum Private Bank
4. J. Safra Sarasin Bank

 

[Martin Everson]

1. Banking options:
   • A bank account to accept contributions from individual investors participating in the fund.
   • A separate account for the fund’s operational activities.
     (These can be two different banks if necessary.)
2. Brokers:
   • Does Interactive Brokers work well for this setup?
   • Are there any other reliable broker options you would recommend?

You can go with Britannia Global Markets group for banking and custody and then use IBKR for cheaper execution and DFP securities to your custody account. Or just stick with IBKR for brokerage. Never come across your setup so not sure what will work so best to ask directly the parties for any suggestions given.

Crypto exchanges:

• Apart from Kraken, are there any other crypto exchanges that you would suggest for this type of fund?

Depends what pairs you need.

You can look at LMAX Digital which is licensed in GIB but has very limited pairs.

 

[nurredon]

Not sure why would you choose Gibraltar when you can choose other LP structures like Canada with a GP in US or similar. That kind of setup would allow you to be onboarding in tier1 banks as well as brokers like IBKR