Valsen Corporate

Isle of Man Regulated Fund

  • Isle of Man Regulated Fund The Collective Investment Schemes Act 2008 (“CIS Act”) sets out the statutory framework in the Isle of Man for the promotion and regulation of collective investment schemes (“funds”).

    Key Features
    • Funds aimed at retail investors or markets requiring a fiduciary depository
    • Regulated IOM fund subject to Authority pre-approvals
    • No restrictions on types of investor
    • Must appoint an IOM Manager
    • Must appoint a fiduciary custodian/ trustee
    • Flexibility on investment advisory/ asset management requirements
    • Normally sold through Independent Financial Advisers
    Legal Requirements

    Requirements

    Description

    General
    • Corporate  vehicle permitted

    Company, Limited partnership, Unit trust
    • 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

    Yes (if Administrator is not IoM resident)

    Service Providers Required
    • Custodian

    Yes
    • Fund manager/Investment manager

    Yes (local)
    • Fund administrator

    Yes
    • Auditors

    Yes
    Tax Treatment Non-Isle of Man sourced income is free of tax, and there are no withholding taxes so that non-resident investors will receive income and capital returns without deduction. Duration to Set Up 2 months Distinctive Benefits of Licence
    • Low tax status
    • Political and economic stability
    • Proximity to the key markets of Europe
    • Cost-effective alternative for the domicile of investment funds
    • Has a wide range of fund service providers
    • Sophisticated professional and banking infrastructure, the Island offers a solution for all fund promoters
    • The Isle of Man has a well-founded reputation as a premier jurisdiction in terms of regulation and achieves a balance between
    • Provides a business-friendly environment and, on the other hand, meets international standards of financial supervision
    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