Introduction
The BVI's incubator and approved funds continue to be
extremely popular and cost-effective for fund start-ups and
emerging managers.
The BVI is a key offshore jurisdiction for open-ended investment
funds and has implemented updates to the incubator and approved
fund regime to bring it in line with the most up to date
international regulatory standards and to secure its recognition by
the EU as a cooperative jurisdiction for tax purposes. This makes
it particularly attractive jurisdiction for investors, and
consequently, for managers seeking to raise funds.
The Incubator Fund
The incubator fund is specifically aimed at start-up funds
looking to establish a track-record over the first two to three
years with limited regulatory requirements. After an initial
incubation period of two years (with a possible one year extension)
the incubator fund can be converted into one of the BVI's other
fully fledged open ended funds (the approved, private,
