BVI Incubator And Approved Funds

Success for Start Ups

Cementing its reputation as the offshore jurisdiction of choice for new managers and start-up funds, the British Virgin Islands' innovative Incubator and Approved Fund products continue to grow in popularity, as they allow managers to start building a track record and launch funds under less stringent regulatory conditions.

Introduced in 2015, as part of the Securities and Investment Business (Incubator and Approved Funds) Regulations, the low cost Incubator and Approved Fund vehicles provide the opportunity for managers to gain enough traction in the market, while keeping overheads to a minimum, so that enough capital can be attracted to become viable over the long term. Both vehicles are restricted to having no more than 20 investors and while the Incubator Fund caps net assets at US$20 million, with a minimum subscription of US$20,000, the Approved Fund, which has no minimum investment, can hold a maximum of US$100 million in