Gibraltar Experienced Investor Fund

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