Gibraltar AIF Fund

Gibraltar Government transposes the EU Alternative Investment Fund Managers Directive into Gibraltar law.

Key Features

In basic terms, under the AIFMD all EU funds will either be UCITS or alternative investment funds (‘AIFs’). The scope of the AIFMD is therefore very large and in Gibraltar it will cover experienced investor funds (‘EIFs’), authorised funds, private funds, some recognised funds, and even potentially holding companies which meet the definition below.

Legal Requirements

Requirements	Description
General
Corporate  vehicle permitted	Limited company, Unit trust, Limited partnership, Protected Cell Company (PCC)
Local physical office required	No
Share capital or equivalent
·         Minimum subscription	None
·         Minimum investors	None
Directors
Minimum number	2
Corporate directorship allowed	Yes
Local director required	No
Service Providers Required
Custodian	Yes
Fund manager/Investment manager	Yes
Fund administrator	Yes
Auditors	Yes

Tax Treatment

• No Corporation tax on income accrued and derived outside Gibraltar
• No requirement to withhold tax on dividends or on redemption of shares
• No inheritance, capital gains tax, wealth tax or VAT
• No withholding tax on dividends paid to non-resident companies or individuals
  

Duration to Set Up

3 to 6 months

Distinctive Benefits of Licence

• Low setup costs
• Quick and easy regulatory notification process
• No investment restrictions
• Favourable tax environment

The Valsen Advantage

• End to end comprehensive service
• Speedy and efficient service
• Expert advice on structuring options
• Dedicated ongoing compliance support
• Extensive network pool of service providers