Gibraltar Experienced Investor Fund

Key Features

An EIF is an authorised collective investment scheme exclusively for investment by experienced investors and is designed to invest in a wide range of traditional or alternative asset classes. An EIF can market its shares or units to experienced investors and begin trading, from the time the EIF is officially launched.

An Experienced Investor must fulfil any one of the following conditions in order to be considered an Experienced Investor:

  • a person or partnership whose ordinary business or professional activity includes, or it is reasonable to expect that it includes, acquiring, underwriting, managing, holding or disposing of investments, whether as principal or agent, or the giving of advice concerning investments
  • a body corporate which has net assets in excess of €1,000,000 or which is part of a group which has net assets in excess of €1,000,000
  • an unincorporated association which has net assets in excess of €1,000,000
  • the trustee of a trust where the aggregate value of the cash and investments which form part of the trust’s assets is in excess of €1,000,000
  • an individual whose net worth, or joint net worth with that person’s spouse, is greater than €1,000,000, excluding that person’s principal place of residence
  • a participant who has a current aggregate of €100,000 invested in one or more experienced investor funds
  • a participant who invests a minimum of €50,000 in an experienced investor fund and who has been advised by a professional adviser to invest in the fund and the fund’s administrator has received confirmation of such advice
  • a participant who is a professional client, as defined under the Financial Services (Markets In Financial Instruments) Act 2006
  • a participant in a fund that has re-domiciled to Gibraltar where the Authority has permitted the inclusion of such participant either in respect of a specific fund or generally in respect of funds or a category of funds from a certain jurisdiction

 

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