Best jurisdiction in Europe to set up an Alternative Investment Fund
- Thread starter carlosbl
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Hi, we've just set-up one in Luxembourg. Takes as much as the bank account opening for the fund company is delayed...the process itself may be 6-8 weeks, but the bloody account opening with any bank can take 3-4 extra months, and there's very little (if any) way around it. Hope this helps.
NVO
NVO
See below posts I made on AIFM setup.
https://www.offshorecorptalk.com/th...tructure-should-work-or-not.32384/post-162424
https://www.offshorecorptalk.com/th...tructure-should-work-or-not.32384/post-162651
P.S Ireland, 4 weeks and 20k. Hopefully price not inflated now smi(&%.
https://www.offshorecorptalk.com/th...tructure-should-work-or-not.32384/post-162424
https://www.offshorecorptalk.com/th...tructure-should-work-or-not.32384/post-162651
P.S Ireland, 4 weeks and 20k. Hopefully price not inflated now smi(&%.
Cyprus is also a good option. There are 3 types of AIFs. AIF with Limited Number of Persons, AIF with Unlimited Number of Persons and Registered AIF.
Cyprus has established itself as hub for AIFs, there is an array of options for fund managers and other providers. The regulator is very cooperative and understands tha market.
Cyprus has established itself as hub for AIFs, there is an array of options for fund managers and other providers. The regulator is very cooperative and understands tha market.
Depends on your budget, level of fund administration needed and country of choice. I mean there are a few if you shop around. I don't know if you know what is fully required to have a working AIF its no cake walk without outsourcing everything.
In certain cases with lower amounts (< 100m€), it might make sense to set up an unlicensed trust fund in Estonia (registered with Financial Supervision Authority). Cheap and quick setup with full confidentiality to investors. Ability to manage stocks, derivatives, cryptocurrencies, real estate, and other financial assets and commodities.
For this setup, two entities need to be created - fund manager (Estonian LLC) and trust fund (LPF).
Fund Manager´s main activity is the management of one or more funds, i.e. the management of financial assets of investors in order to maximize profits with minimal risk. Small︀ Fund Manager has the right to control several funds, but the total assets of the︁ managed funds cannot exceed 100 million euros, or in case if the investments are made︂ for long periods (from 5 years or more) and financial leverage (income gearing) is not︃ used, then the total assets of the funds can reach 500 million euros.
Limited Partnership︄ Fund (LPF)
is easy to register and manage, being the most common legal form for︅ the Small Alternative Investment Fund.
The members of LPF are at least one General Partner︆ (Fund manager-registered in Estonia), and at least one Limited Partner, i.e. investor (can be foreign︇ entities).
LPF is fiscally transparent meaning that LPF is not considered a taxpayer or an︈ Estonian resident for the purposes of Estonian tax laws, and the income earned by LPF︉ is immediately allocated to its investors in proportion to their stakes in LPFs.
The investors︊ will be then taxed as if they made investments directly, i.e., they will retain access︋ to DTT-s.
For this setup, two entities need to be created - fund manager (Estonian LLC) and trust fund (LPF).
Fund Manager´s main activity is the management of one or more funds, i.e. the management of financial assets of investors in order to maximize profits with minimal risk. Small︀ Fund Manager has the right to control several funds, but the total assets of the︁ managed funds cannot exceed 100 million euros, or in case if the investments are made︂ for long periods (from 5 years or more) and financial leverage (income gearing) is not︃ used, then the total assets of the funds can reach 500 million euros.
Limited Partnership︄ Fund (LPF)
is easy to register and manage, being the most common legal form for︅ the Small Alternative Investment Fund.
The members of LPF are at least one General Partner︆ (Fund manager-registered in Estonia), and at least one Limited Partner, i.e. investor (can be foreign︇ entities).
LPF is fiscally transparent meaning that LPF is not considered a taxpayer or an︈ Estonian resident for the purposes of Estonian tax laws, and the income earned by LPF︉ is immediately allocated to its investors in proportion to their stakes in LPFs.
The investors︊ will be then taxed as if they made investments directly, i.e., they will retain access︋ to DTT-s.
OP, since you market this as a question thread and you actually made it a question thread it then it would be much appreciated if you up and down vote answers and once you have sufficient answer mark the best answer as solution 😉
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