Comparative Guides

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4. Results: Answers
Alternative Investment Funds
Tips and traps
What are your top tips for the smooth establishment and management of an alternative investment fund in your jurisdiction, and what specific challenges would you note?
British Virgin Islands

Answer ... Select service providers that you like working with and that have a good understanding of your strategy, and get your administrator on board at an early stage. Explore banking options early to avoid any delays to launch, as opening bank accounts can be time consuming. Consider where you are going to market the fund and take legal advice in the relevant jurisdictions to ensure that you comply with local private placement regimes. Keep a diary of key reporting deadlines and a list of continuing obligations, so that you ensure that the fund is fully compliant and avoids any penalties or fines.

For more information about this answer please contact: Ian Montgomery from Collas Crill
Alternative Investment Funds