Hedge fund companies in 2022

Offshore hedge funds Jersey British Virgin Islands Cayman Islands
Summary at a glance
Types of funds?
How long to setup the hedge fund vehicle? 1 week 1 week 1 week
How long to launch the hedge fund? Up to 12 weeks Up to 12 weeks Up to 12 weeks
Does our Client need to travel to complete fund setup? No No No
Minimum investment required? Up to US$1,000,000 Up to US$1,000,000 Up to US$1,000,000
Regulatory Authority? JFSC BVIFSC CIMA
Government approval required? For collective investment fund For open-ended funds For open-ended funds
Local registered address required? Yes Yes Yes
Local directors required? Yes (unclassified funds) No No
Resident registered agent required? No Yes No
Resident manager required? Yes (unclassified funds) No No
Total hedge funds setup costs (excl. Government fees) US$25,420 US$26,900 US$29,241
Hedge Fund Registration
Minimum number of directors required? 1 2 2
Resident directors required? Yes (unclassified funds) No No
Corporate directors allowed? Yes Yes (except public funds) Yes
Individual directors allowed? Yes Yes Yes
Managers must be appointed? Yes (except unregulated fund) No No
Minimum number of managers required? 1 0 0
Resident manager required? Yes (unclassified funds) No No
Must managers be licensed by the government? Yes (expert funds) Yes No
Minimum number of agent required? 0 1 0
Resident agent required? No Yes No
Public register of shareholders and directors? Yes No No
Accounting and tax considerations
Statutory corporate income tax payable? 0% 0% 0%
Audited Financial Statements to be submitted? Yes Yes Yes
Must engage a local audit Firm? No No Yes
Annual tax return to be submitted? Yes Yes Yes
Access to how many double taxation treaties? 31 2 0
Statutory audit required? Yes Yes Yes
Annual tax return to be submitted? Yes Yes Yes
Withholding tax payable on dividends to foreign shareholders? No No No
Can hedge fund hire expatriate staff in the country? Yes Yes Yes
Logistical considerations
Can issue invoices/sign sales contracts with local Clients? No No No
Can rent office premises in the jurisdiction? No No No
Healy Consultants PLC’s Employment visa fees? US$3,950 US$3,950 US$3,950
Average monthly salary for hedge fund employee? US$25,000 US$25,000 US$25,000
English spoken rate (% of population) 95 75 95
Literacy rate (% of population) 99 98 99
Computer literacy rate (% of population) 49 47 71
GDP per capita? US$57,000 US$42,300 US$43,800
Population (in thousands) 95,732 31,912 53,737
Unemployment rate? 1.7% 8.7% 4%
Inflation rate? 3.7% 2.2% 1.2%
Healy Consultants Group PLC’s fees
Total hedge funds setup costs (excl. Government fees) US$25,420 US$26,900 US$26,900
Subsequent annual costs (incl. accounting & tax) US$10,700 US$11,710 US$10,720
Estimate of Government fees US$570 US$570 US$4,391
Standard invoice? View invoice PDF View invoice PDF View invoice PDF

Contact us

For additional information on our hedge fund company services, please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal