Malaysia Hotline: +603- 2141 8908
A BVI
Fund is defined as an entity which
1.
Collects and pools investor funds for the purpose of collective investment;
2.
Issues shares, units or partnership interests;
3.
Issues shares, units or partnership interests that entitle the holder to
receive on demand or within a specified period after demand, an amount computed
by reference to the value of a proportionate interest in the whole or in a part
of the net assets of the Fund.
Mutual
Funds in BVI
Building
on its position as the world's pre-eminent corporate domicile, the BVI is a
growing jurisdiction for the establishment of offshore mutual funds. New mutual
funds legislation have been introduced, which complements and enhances the
existing regulatory framework which covers insurance business, banks and trust
companies, company formation and company management activities in the BVI.
The
Mutual Funds Act came into force on January 2, 1998, in order to regulate all
mutual funds activities being conducted in or from within the territory of the
BVI. With more than 3,000 registered and recognized mutual funds currently
incorporated in the territory, with assets estimated at over $55 billion, the
new legislation has enhanced the benefits to multinational mutual fund
businesses and has established the BVI as a reputable and cost-effective
location for international finance.
Types of
Funds in BVI
-Private
Funds are either for no more than fifty investors or where subscriptions are
made on a private basis.
-Professional
Funds are available to professional investors (basically persons with a net
worth in excess of $1 million and where the initial investment is not less than
$100,000).
-Public
Funds are not subject to any restriction on the number of investors or minimum
subscription or net worth amounts.
Legal
Organization in BVI
Funds
may be established as corporate entities using a BVI company or unincorporated
entities using a BVI unit trust or a BVI limited partnership.
The
Vehicle of Choice - The BVI Business Company
The most
popular Fund vehicle is the BVI Business Company, established under the BVI
Business Companies Act, 2004 (the “BCA”).
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP :
http://www.tannet-group.net,
http://en.tannet.com.my