Valsen Corporate

Montserrat Private Fund License

A private mutual fund is defined as one whose shares are not offered to the general public but to specified persons or by reason of a private or business connection between the promoter and investor with no minimum investment amount or are held by not more than 250 investors with a minimum investment of USD$25,000 for each investor or is designated as a private fund by regulators.
Montserrat Private Fund License Key Feature

  1. Must maintain accounting records
  2. Shares are not offered to the general public but to specified persons
  3. Maximum Investors 50
  4. Must prepare audited financial accounts.
  5. Exemption from registration or recognition is given to a family trust fund as defined in the Act.

Montserrat Private Fund License Legal Requirements

Montserrat Private Fund License

Corporate Details

General
  • Type of Entity

Private  Fund
  • Local physical office required

No

Share capital or equivalent
  • Minimum subscription

None
  • Minimum investors

50

Directors
  • Minimum number

2
  • Corporate directorship allowed

Yes
  • Local director required

No

Service Providers Required
  • Custodian

Optional
  • Fund manager/Investment manager

Yes
  • Fund administrator

Yes
  • Audited Accounts

Yes

Montserrat Private Fund License Tax Treatment

  • Montserrat mutual funds are exempted from specified taxes in Montserrat

Montserrat Private Fund License Duration for Set up
3 -4 Weeks

Montserrat Private Fund License Distinctive Benefits

  • Montserrat mutual funds are exempted from specified taxes in Montserrat
  • Finely tuned regulatory regime that provides confidence in the quality of supervision while ensuring that the demands of the investment community can be met.
  • Minimum initial investment limit shall not apply in respect of an investment made by the manager, administrator, promoter or underwriter of the Public fund

Why US (Key Strengths)

  1. We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
  2. Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  3. We are very hands on in the post filing period checking with the regulator and service providers and updating you regularly.
  4. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  5. We can provide you with fit and proper directors in case you need.
  6. We have a full in-house compliance support for all compliance requirements with the regulator and service providers