Isle of Man Specialist Fund
Key Features
- Not retail – minimum initial investment level above US$100,000
- No regulatory pre-approval
- Post event notifications to the Authority
- Must appoint an administrator in IOM or acceptable jurisdiction
- No formal requirements for a custodian
- Flexibility on investment advisory/ asset management requirements
- Investors must be “specialist investors”
- Normally sold through Independent Financial Advisers to specialist investors or direct to institutional investors
Requirements |
Description |
General |
|
|
Company, Limited partnership, Unit trust |
|
No |
Share capital or equivalent |
|
|
USD 100,000 |
|
None |
Directors |
|
|
2 |
|
Yes |
|
Yes (if Administrator is not IoM resident) |
Service Providers Required |
|
|
No |
|
No |
|
Yes (local) |
|
Yes |
- 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
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers