Key Features

The Alternative Investment Fund Managers Directive 2011/61/EU (“AIFMD”) was transposed in Gibraltar legislation via the Financial Services (Alternative Investment Fund Managers) Regulations 2013. AIFMD does not directly regulate the operations of Alternative Investment Funds (“AIFs”) but instead regulates the managers of the AIFs; i.e. the alternative investment fund managers (“AIFMs”).

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Company, Limited Partnership

  • Local physical office required

No

Share capital or equivalent

  • Minimum paid up capital

€125,000 (or where a self-managed AIFM, €300,000)

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Shareholders

  • Minimum number

2

  • Corporate shareholders allowed

Yes

  • Local  shareholders required

No

Service Providers Required

  • Company Secretary

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 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