Gibraltar AIF Fund

Gibraltar Government transposes the EU Alternative Investment Fund Managers Directive into Gibraltar law.

 

Key Features

In basic terms, under the AIFMD all EU funds will either be UCITS or alternative investment funds (‘AIFs’). The scope of the AIFMD is therefore very large and in Gibraltar, it will cover experienced investor funds (‘EIFs’), authorised funds, private funds, some recognised funds, and even potentially holding companies which meet the definition below.

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Limited company, Unit trust, Limited partnership, Protected Cell Company (PCC)

  • Local physical office required

No

Share capital or equivalent

  • Minimum subscription

None

  • Minimum investors

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Service Providers Required

  • Custodian

Yes

  • Fund manager/Investment manager

Yes

  • Fund administrator

Yes

  • Auditors

Yes

 

Tax Treatment

  • No Corporation tax on income accrued and derived outside Gibraltar
  • No requirement to withhold tax on dividends or on redemption of shares
  • No inheritance, capital gains tax, wealth tax or VAT
  • No withholding tax on dividends paid to non-resident companies or individuals

 

Duration to Set Up

3 to 6 months

 

Distinctive Benefits of Licence

  • Low setup costs
  • Quick and easy regulatory notification process
  • No investment restrictions
  • Favourable tax environment

 

The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers