Valsen Corporate

Bermuda Standard Fund License

  • The Investment Funds Act governs the exclusion, exemption and authorisation of investment funds and contains certain requirements for the formation of investment funds, their operation and the offering of shares, units or interests of investment funds. The Bermuda Monetary Authority (BMA) is the principal body responsible for the regulation of investment funds.
  • Key Features
  • Standard Funds are any investment funds which do not qualify to be classified under any of the foregoing categories. A fund will qualify for classification as a standard fund if it does not fall within any other class of fund.
  • Legal Requirements

    Requirements

    Description

    General
    • Corporate  vehicle permitted

    Company, Unit trust, Limited partnership
    • 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 Bermuda investment funds are not subject to any tax, as there are no Bermuda corporation, profit, withholding, capital gains or income taxes applicable to an investment fund or to its share or unit holders or partners which are not resident in Bermuda. 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