Saint Lucia International Private Mutual Funds_Guideline
Saint Lucia International Private Mutual Funds
The International Mutual Funds Act Cap 12.16 (the Act) of the 2008 revised laws of St. Lucia provide for the regulation, authorization and control of international mutual funds and their administrators and managers, the carrying on of international mutual fund business in or from Saint Lucia and for related matters.
The Financial Services Regulatory Authority of Saint Lucia (FSRA) licenses Public Mutual Funds and registers Private Mutual Funds in Saint Lucia.
About International Private Mutual Funds
International Private Mutual Funds is an investment club of not more than one hundred persons, each of whom makes an investment of not less than US$ 50,000.00 into the fund, are not required to have a licensed Administrator, although they must be registered with the Director of Financial Services.
A private mutual fund does not require a license to carry on mutual fund business from St. Lucia, however it needs to be registered with the Financial Services Regulatory Authority (FSRA).
An International Private Mutual Fund does not require to have any service providers including directors of corporate entities in St. Lucia, other than that of the registered agent or registered trustee. Therefore its service providers such as investment advisers, administrators, investment managers and custodians may be located in any jurisdiction.
- The prescribed annual fee shall be paid on or before the 15th day of January in each year following first registration in respect of each international private mutual fund.
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OR Contact us on:
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- Email: email@example.com