Establishing A BVI Approved Manager: Key Considerations

Five key considerations to establish an investment management business in the BVI under the BVI's Approved Managers Regime.

Are you looking to establish an investment management business in the British Virgin Islands ("BVI")?

The BVI's Approved Managers Regime offers a streamlined, cost-effective regulatory framework designed for qualifying investment managers and advisers. There are five key considerations:

1. Lighter Regulatory Touch: Approved Managers benefit from reduced regulatory requirements compared to fully licensed managers. The BVI Regulatory Code does not apply and there is no requirement for the appointment of an auditor or a compliance officer.
2. Scope and Limits: The regime is available to managers with assets under management up to US$400 million for open-ended funds and US$1 billion for closed-ended funds.