An Eligible Investor Fund is an unclassified collective investment fund established in Jersey pursuant to the Collective Investment Funds (Jersey) Law 1988, as amended (1988 Law) and the Jersey Eligible Investor Fund Guide issued by the Commission (Eligible Investor Fund Guide). Interests in a Jersey

Key Features of a JPF

Eligible Investor Funds are only available for subscription, purchase or exchange by an Eligible Investor. Only persons qualifying as Eligible Investors and who have signed and provided to the fund a declaration stating they have received, understood and accepted the warning before the subscription, purchase or exchange is completed.

Among the classes of investors covered are professional investors, individuals or entities who have agreed to pay consideration of not less than USD1 million for the subscription, purchase, exchange or acquisition of interests in the fund or individuals or entities whose property has a total market value of not less than USD 10 million or the equivalent in another currency.

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Jersey Company, Limited Partnership, Unit trust

  • Local physical office required

No

Share capital or equivalent

  • Minimum paid up capital

USD 250,000 (Eligible Investors)

  • Minimum investors

Maximum of 50

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

Yes (minimum of two)

Service Providers Required

  • Custodian

Yes

  • Fund manager/Investment manager

Yes

  • Fund administrator

Yes

  • Auditors

Yes

 Tax Treatment

Non-resident income is tax exempt.

Duration to Set Up

3 months

Distinctive Benefits of Licence

  • Robust yet flexible regulatory environment
  • Professional infrastructure and quality of workplace
  • Tax neutrality and Tax Exchange Agreements

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