Valsen Corporate

Isle of Man Specialist 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
    • 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
    Legal Requirements

    Requirements

    Description

    General
    • Corporate  vehicle permitted

    Company, Limited partnership, Unit trust
    • Local physical office required

    No

    Share capital or equivalent
    • Minimum subscription

    USD 100,000
    • 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

    No
    • Fund manager/Investment manager

    No
    • Fund administrator

    Yes (local)
    • 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