Investment Funds

Our Experience

We provide legal advice on the formation, on-going obligations and restructuring of BVI hedge funds and private equity and its functionaries (investment managers, investment advisors, custodians, prime broker etc.). We also provide our clients with fund administration services.

Our clients range from start-up projects to the leading promoters and asset managers. We regularly act for private equity houses, investment managers, pension funds, institutional investors, ultra-high-net-worth individuals and private banks.

A number of senior team members serves as directors of very well-established investment funds.

Through our offices in the BVI but also in Jersey, Panama and South Africa, we are familiar with investment structures seeking to invest in emerging markets.

Our team, in conjunction with our listing partner, Hatstone Listing Services Limited, can also assist with the listing of an investment fund on The International Stock Exchange Limited, the Stock Exchange of Mauritius and the Irish Stock Exchange.

Our Services

We are able to provide comprehensive legal and regulatory advice on all aspects of fund formation, restructuring and winding up. In particular, we have expertise in the following areas:

  • formation;
  • listings;
  • reorganisations;
  • migrations;
  • regulation;
  • specialist fund functionary advice; and
  • termination and disposals.

Our Approach

We are known for our commerciality when it comes to advising on the set-up, regulation, reorganisation or termination of investment fund structures. We work closely with our clients to ensure they achieve their objectives in the most cost effective and pragmatic way.

Our Publications

13/07/18British Virgin Islands – Investment Funds
This note provides a brief summary of BVI investment fund structures.
03/08/18British Virgin Islands – Investment Funds: The Approved Manager
This note provides some basic information about British Virgin Islands (“BVI”) investment funds.
03/08/18Investment Funds in the British Virgin Islands – Comparison Chart
This note provides a comparison of investment funds in the British Virgin Islands.
09/01/20British Virgin Islands – New Regulations for Closed-Ended Funds
With the passing of the Securities and Investment Business (Amendment) Act, 2019 (the “Amendment Act”), the British Virgin Islands (“BVI”) introduced a new regulatory regime applicable to most closed-ended funds operating in or from within the BVI.
15/01/20Islas Vírgenes Británicas – Nueva Reglamentación Para Fondos Cerrados
Con la aprobación de la Ley de Negocios de Valores e Inversiones (Enmienda), 2019 (la "Enmienda"), se introdujo en Islas Vírgenes Británicas ("BVI") un nuevo régimen normativo aplicable a la mayoría de los fondos cerrados (Closed-ended funds) que operan en o desde las BVI.
18/02/20British Virgin Islands – Economic Substance Regime Implemented
Following the introduction of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) in the British Virgin Islands (the BVI) on 1st January 2019 all BVI companies and all limited partnerships with legal personality need to assess their compliance with the Act and report their findings within six months after the end of their financial reporting period. The BVI International Tax Authority (the ITA) is advising companies and their directors to seek BVI legal assistance should the assessment under the Act not be straightforward and clear.
18/02/20Islas Vírgenes Británicas – Nuevos Requisitos De Sustancia Económica Para Sociedades De Islas Vírgenes Británicas
Con la introducción de la Ley de Sustancia Económica (Compañías y Sociedades Limitadas) de 2018 (la Ley) en las Islas Vírgenes Británicas (BVI) el 1 de enero de 2019, todas las compañías de BVI y todas las sociedades limitadas con personería jurídica deberán evaluar su cumplimiento de la Ley e informar sus hallazgos dentro de los seis meses posteriores al cierre de su período de presentación de informes financieros. La Autoridad Fiscal Internacional de las Islas Vírgenes Británicas (ITA) aconseja a las compañías y a sus directores que busquen asistencia legal en las Islas Vírgenes Británicas en caso de que la evaluación en virtud de la Ley no sea sencilla y clara.
11/06/21BVI – Economic Substance: Enforcement and penalties for non-compliance
The penalties imposed by the Economic Substance (Companies and Limited Partnership) Act, 2018 (“ESA”) are intended to be rigorous, effective, and dissuasive.