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 |
| Bejarano ADF 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% |
| Bejarano ADF 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 |
