Key Features
A UCITS must appoint an investment manager who manages the investments made by a UCITS. The discretionary investment manager does not need to be located in Ireland and, for the most part, is typically not located in Ireland. Any investment manager (and discretionary investment adviser) to be appointed by a UCITS must be approved to act as such by the Central Bank. Essentially the Central Bank must be satisfied that the discretionary manager is authorised by an appropriate regulatory authority and is subject to ongoing supervision.
Legal Requirements
|
Requirements |
Description |
|
General |
|
|
Investment company |
|
No |
|
Share capital or equivalent |
|
|
· Minimum paid-up capital |
EUR 125,000 plus 0.02% of the amount by which net assets exceed EUR 250 million |
|
Directors |
|
|
3 |
|
No |
|
Minimum of 2 local directors |
|
Shareholder |
|
|
1 |
|
Yes |
|
No |
|
Service Providers Required |
|
|
Yes |
|
Yes |
Tax Treatment
Authorised Irish funds are tax exempt, except to the extent that they have Irish resident investors.
Transfers of units in Irish funds are exempt from Irish stamp duty.
Duration to Set Up
About 3 weeks
Distinctive Benefits of Licence
- Ease and speed of establishment
- Favourable tax regime
- Globally reputable regulatory 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