Collective Investment Schemes

If you are considering setting up a mutual fund or collective investment scheme (“CIS”), or if you are managing a non-licensed investment company and are considering having it recognised or licensed, the amount of legal administration and paperwork that must be prepared and completed can be daunting.

Hiring a “Prime Broker” to take care of all of the tasks can be one solution, but this can be a very expensive option for you and the underlying investors. Costs relating to the initial stages of any CIS, using a top five Prime Brokerage Company whether or not amortised is likely to cost a substantial amount of money.

Sovereign Solution

Depending on your Funds strategy, you will most likely need a broker in any event. We can assist in the establishment of the fund in a far more cost effective manner. Obviously, this will result in an improvement to the Net Asset Value from the outset, to your benefit and of course this will be attractive also to the initial investors. 

Sovereign has developed global expertise in establishing CIS companies. With a number of international barristers, corporate lawyers and former fund administrators within our network, we are well placed to advise on the benefits of various jurisdictions, tax treaties, exemptions, and procedures. As part of our service, we study the detail of the particular type of scheme under consideration, and can assist you in determining the likelihood of that scheme being attractive to prospective investors.

From a low key tax exempt start up, to the set up of multi-million dollar funds involving multi country listings, our expertise and local knowledge allows you to benefit from information and advice that can be difficult to obtain elsewhere.

In short, we can assist, advise, review, and establish your CIS from the outset.

If required, we can provide competitive in-house fund administration services through our office in Bahamas (that is Licensed by the Bahamas Commission to administer funds), as well as providing a licensed asset management company Sovereign Asset Management Limited. We also work closely with a number of the best known global private banks, and can provide introductions to their many impressive trading platforms and broking facilities.  

We recognise the need for assistance with the establishment of CIS companies, from the point of view of initial tax structuring, and can assist you by preparing the licence applications for recognition in the chosen jurisdiction.

 

The more popular jurisdictions for fund companies include Cayman Islands, BVI, Bahamas, Isle of Man, Ireland and Luxembourg. This is not an exhaustive list so please do refer to us regarding other jurisdictions.

For further information on these services, please contact John Hanafin on +350 200 76173 or send an e-mail to funds@SovereignGroup.com