VP Fund Solutions

Offshore
British Virgin Islands
Private fund No restriction as to eligible assets or risk diversification; annual return and audited financial statements
filed with FSC; appointment of independent service providers (manager, custodian, administrator) and
a BVI-resident authorised representative; maximum number of investors (50); service providers do not
have to be located in fund jurisdiction
Professional fund No restriction as to eligible assets or risk diversification; annual return and audited financial statements
filed with FSC; appointment of independent service providers (manager, custodian, administrator) and
a BVI-resident authorised representative; minimum investment requirement USD 100,000 and professional
status (net worth in excess of USD 1 million or whose business involves acquisition of fund);
service providers do not have to be located in fund jurisdiction
Public fund No restriction as to eligible assets or risk diversification; annual return and audited financial statements
filed with FSC; appointment of independent service providers (manager, custodian, administrator) and
a BVI-resident authorised representative; licensing required by FSC; service providers do not have to
be located in fund jurisdiction
Anguilla
Private fund No requirement for auditor; annual return filed with FSC; no restriction as to eligible assets;
maximum number of investors (99); service providers do not have to be located in fund jurisdiction
Professional fund No requirement for auditor; annual return filed with FSC; no restriction as to eligible assets;
minimum investment requirement USD 100,000 and professional status (net worth in excess of
USD 1 million or whose business involves acquisition of fund); service providers do not have to be
located in fund jurisdiction
Public fund Licensing required by FSC; administrator and custodian functionally independent; service providers
do not have to be located in fund jurisdiction; requirement to appoint auditor; service providers do not
have to be located in fund jurisdiction
Cayman Islands
Registered mutual fund Cayman auditor; annual return and audited financial statements filed with Cayman Islands Monetary
Authority (CIMA); minimum investment USD 100,000 or listed on a recognised stock exchange; no
restrictions as to eligible assets
Licensed mutual fund Offered to the public outside the Cayman Islands; administration and custody performed outside the
Cayman Islands; licensing required by CIMA; Cayman auditor; no restrictions as to eligible assets
British Virgin Islands, Anguilla, Cayman Islands
Closed-ended fund No supervision by the FSC/CIMA; no automatic right of redemption, redemptions are at the
directors’ discretion
9 | VP Fund Solutions | Global solutions for your local needs