Quality Without Compromise
Mutual Funds
The BVI is the world's second largest fund domicile. The BVI through its precise, modern legislation - the Securities and Investments Business Act (SIBA) has enhanced the benefits to multinationals and established the territory as a reputable and cost effective location for the domicile of mutual funds business. In addition to the legislative framework the BVI FSC through its investment business division maintains regulatory oversight that sets quality benchmarks protecting the interests of investors,financial institutions and the jurisdiction.
Forward does not provide directorships or shareholdings to fund entities. We will however work with our boutique law firm and the client together with the client's advisors and promoters in setting up the fund and will arrange to said fund to be administered in a professional manner ensuring compliance with the prevailing legislation.
Some of the key formation services include:
- Assistance in the situs of jurisdiction
- Assistance in the drafting of the Offering Memorandum or Prospectus
- Formation of structure and application for recognition of Private and Professional funds
- Some of the key administrative services include:
- Maintenance of investor registers
- Investor transaction processing (subscriptions/contributions/redemptions/withdrawals,transfers,distributions)
- Communications with investors and responding to investor queries
- Provision of RA/RO services, maintaining corporate records, organising annual meetings and preparation of corporate resolutions.
