Comparison of British Virgin Islands funds
This guide provides a comparison of British Virgin Islands (BVI) funds, looking at Private, Professional and Public Funds, and Incubator and Approved Funds.
Following the promulgation of the Securities and Investment Business (Incubator and Approved Funds) Regulations 2015 (the “Regulations”), the British Virgin Islands (the “BVI”) has established two additional types of funds, incubator funds and approved funds. Prior to the Regulations, the BVI offered three types of open-ended funds; private funds, professional funds and public funds.
In comparison to the previous funds, the two new funds are lightly regulated and are very cost efficient. The incubator fund is a start-up fund which offers managers a straightforward, economical solution for implementing an investment strategy with low up-front costs and limited on going obligations. The approved fund is aimed at the “friends and family” market and is similar to the private fund, but with less stringent regulation and lower on-going costs. The chart available in our download provides a comparison of the five BVI funds, from formation to on-going obligations.
Download the briefing to see our comparison table.
