Hedge fund companies

Hedge fund companies

Offshore hedge fundsJerseyBritish Virgin IslandsCayman Islands
Summary at a glance
Total hedge funds incorporation costs (excl. Government fees)US$25,420US$26,900US$29,241
Subsequent renewal costsUS$10,700US$11,710US$10,720
Types of fund

  • Unclassified Fund;
  • Expert Fund;
  • Unregulated Eligible Investor Fund.

  • Professional Fund;
  • Private Fund;
  • Public Fund.

  • Licensed Fund;
  • Administered Fund;
  • Registered Fund;
  • Exempt Fund.
How long to incorporate a hedge fund?1 week1 week1 week
How long to launch the hedge fund?

  • 12 weeks for Unclassified and Expert Funds;
  • 4 weeks for Unregulated Funds.

  • 8 weeks for Public Funds;
  • 4 weeks for others.

  • 12 weeks for Licensed Funds;
  • 4 weeks for others.
Do you visit the country for hedge fund incorporation?NoNoNo
Minimum investment

  • Unclassified Funds: none;
  • Expert Fund: US$100,000 or "Expert investors";
  • Unregulated Eligible Investor Fund: US$1,000,000 or "Eligible investors".

  • Professional Fund: US$100,000;
  • Private Fund: none;
  • Private Fund: none.

  • Licensed Fund: none;
  • Administered Fund: none;
  • Registered Fund: US$100,000;
  • Exempt Fund: none.
Regulatory AuthorityJersey Financial Services Commission (JFSC)BVI Financial Services Commission ("FSC")Cayman Islands Monetary Authority ("CIMA")
Incorporation subject to Government approval?No unless is a “collective investment fund”Open-ended vehicles: yes
Close-end vehicles: no
Open-ended vehicles: yes, but exceptions.
Close-end vehicles: no
Local registered address required?YesYesYes
Local directors required?YesNoNo
Resident registered agent required?NoYesNo
Resident manager required?YesNoNo
Legal considerations
Minimum number of directors required?

  • Unclassified and Expert Fund: 2;
  • Unregulated Eligible Investor Fund: not
Minimum number of resident directors required?

  • Unclassified and Expert Fund: 2;
  • Unregulated eligible investor fund: not regulated.
Corporate directors allowed?YesYes, except for public fundsYes
Individual directors allowed?YesYesYes
Minimum number of managers required?

  • Unclassified Fund: 2;
  • Expert Fund: 1;
  • Unregulated eligible investor fund: not regulated.
Resident manager required?

  • Unclassified Fund: 2;
  • Expert Fund: 0;
  • Unregulated eligible investor fund: not regulated.
Must the managers have a license?

  • Unclassified Fund: no;
  • Expert Fund: yes;
  • Unregulated eligible investor fund: not regulated.
Minimum number of representative required?010
Minimum number of resident representative required?010
Public register of shareholders and directorsYesNoNo
Tax and accounting considerations
Corporate tax payable000
Audited financial statementsYesYesYes
Local audit firm required?NoNoYes
Annual tax return to be submittedYesYesYes
Access to how many double tax treaties3120
Withholding tax payable000
Can the hedge fund hire expatriate staff in the country?YesYesYes
Logistic considerations
Can invoice/sign sales contracts with local clientsNoNoNo
Can rent office premises in the countryNoNoNo
Employment visa fees (US$)US$3,950US$3,950US$3,950
Average monthly salary in Hedge Funds (US$)US$75,000US$75,000US$75,000
English spoken rate94.6%75%95%
Literacy rate (%)-98%99%
Computer literacy rate (%)48.6%46.9%70.6%
GDP per capita (US$)US$57,000US$42,300US$43,800
Population (in thousands)95,73231,91253,737
Unemployment rate1.7%8.7%4%
Inflation rate3.7%2.2%1.2%
Estimate of engagement costs
Standard invoice?Jersey hedge fundsBVI hedge fundsCayman Islands hedge funds
Estimate of Government registration feesUS$570 + 1,624 (applicable only to unclassified and Expert Funds)For Professional and Private Funds

  • Under 50,000 shares: US$2,050;
  • Above 50,000 shares: US$2,800.

Contact us

For additional information on our hedge fund company services, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal