Starting a Low Cost Hedge Fund in
The British Virgin Islands (BVI)

Frank Nagy Financial Services offers a turn-key solution to set up an offshore fund in the British Virgin Islands.

The British Virgin Islands (BVI) is an attractive jurisdiction for hedge funds. The legislative structure in the BVI is modern and internationally recognized. Hedge funds domiciled in the BVI would benefit from the availability of higher quality banking and custody services in the jurisdiction.

Currently, The British Virgin Islands (BVI) have approximately 3,000 investment funds registered by the BVI Financial Services Commission (FSC). The most popular fund structures are a Closed-ended company (fund) and a licensed Professional Fund.

For emerging managers and traders, a low cost option to set up an offshore hedge fund is to structure it as a close-ended investment vehicle. This type of entity does not allow investors to call for redemption of their fund interests or shares. However, there can be language in the offering documents which states that at some point the company (fund) may convert over to a licensed registered fund. This would enable the investors to redeem their shares.

Currently, there are no regulatory rules applicable to close-ended funds domiciled in the BVI.

With a global network of third party service providers, Frank Nagy Financial Services can provide introductions and advise you in choosing administrators, auditors, prime brokers, bankers and legal counsel who can work side-by-side with you assuring that you and your fund comply with state and federal tax rules and securities regulations. In addition, we are committed to provide ONE (1) year consultation and continual support regarding fund operations, trading, compliance and marketing

Turn-Key Closed-ended (Fund) or Professional BVI Fund:

BVI Hedge Fund Consultation

Prepare BVI Fund Private Placement Memorandum

Prepare BVI Fund Subscription Agreement

Prepare BVI Fund Purchaser Questionnaire

Investment Management Agreement

Offshore Legal review of all offering documents

Incorporation costs

Registered agent/gov fees

Offshore Bank Introductions

Offshore Administrator Introductions

Offshore Auditors Introductions

Prime broker-dealer introductions

Hedge fund pitch book (PDF and Power Point)

Bloomberg ticker symbol

One (1) year advisory and consultation services

Contact us to receive a free summary outlining the process and costs.

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