Foreign investors are attracted to set up a mutual fund in the Cayman Islands due to its favorable regulatory environment and tax benefits for international entrepreneurs. The Cayman Islands Monetary Authority (CIMA) oversights the investment funds, which can be categorized as open-ended or closed-ended. The jurisdiction offers a range of fund vehicles used for operating mutual funds, such as the Cayman Islands exempted company. We assist in opening a mutual fund, including the preparation of documents and the registration process.
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The Mutual Funds Act (MFL) assigns regulatory responsibility to CIMA for certain categories of funds operating in and from the Cayman Islands. Investors looking to open a mutual fund in the Cayman Islands will have to respect these regulations. However, not all mutual funds are regulated, as exemptions exist based on specified criteria outlined in the MFL. The supervision of funds and administrators is done by CIMA’s Investments Supervision Division.
In setting up a mutual fund in the Cayman Islands, regulatory measures are aligned with international standards established by entities like the International Organization of Securities Commissions (IOSCO) and the Offshore Group of Collective Investment Scheme Supervisors (OGCISS).
Our agents can provide more details regarding the Cayman Islands incorporation process for mutual funds.
There are different categories of mutual funds in the Cayman Islands, with specific regulatory requirements. These categories are the following, as explained by our Cayman Islands company formation specialists:
You can set up a mutual fund in the Cayman Islands choosing from these various categories.
The common fund vehicles utilized for opening a mutual fund in the Cayman Islands are:
We can provide you with more details if you are interested in setting up a company in the Cayman Islands.
Individuals interested in learning more about mutual funds in the Cayman Islands can find the following statistics useful:
Besides company formation services related to mutual funds or other types of companies, we also assist in matters regarding immigration to the Cayman Islands.
You can contact our team for more assistance regarding opening a mutual fund in the Cayman Islands. We can help you through the entire process and address any questions you may have.