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RSM Gibraltar has been at the forefront of the Gibraltar Fund industry. We can help establish and run a wide range of investment funds, including UCITS, Experienced Investor Funds and private funds.
Gibraltar, as a jurisdiction, provides:
- A unique offering for asset managers, combining quality of life with fiscal and legislative stability;
- High regulatory standards, combined with an approachable environment for fund managers, service providers and the regulator;
- Specialist European master feeder fund solutions; and
- Professional and internationally recognised fund and investment expertise.
Experienced Investor Funds
One of the most competitive innovations in the Gibraltar fund industry is the Experienced Investor Fund (“EIF”).
An EIF is a fund which is highly versatile and lightly regulated.
Investors in these funds must:
- be investment professionals,
- have a net worth in excess of €1,000,000;
- or invest a minimum of €100,000 in the fund.
An EIF can be set up in a matter of days and does not require prior regulatory approval. Authorisation is achieved by simply notifying the Gibraltar Financial Services Commission (“GFSC”) of the fund's launch within 14 days. The notification must be accompanied by the fund's prospectus, memorandum and articles of association, a legal opinion from Gibraltar counsel confirming that the fund has been set up in accordance with the law, a form completed by the administrator and the prescribed fee.
Two of the directors of an EIF must be authorised by the GFSC and reside in Gibraltar. An Experienced Investor Fund must also have a Gibraltar administrator and auditor. There are no restrictions on the location of the custodian or prime broker, and no investment or borrowing restrictions.
An EIF may take the form of a company, a protected cell company, a unit trust, a limited partnership or any other vehicle that is acceptable to the GFSC.