Despite Covid-19, there has been a large amount of activity this
year in relation to establishing new funds. Some of this is to
assist with the deployment of the high levels of undeployed capital
that existed prior to Covid-19, but the activity also encompasses
the establishment of new funds, including those aiming to take
advantage of the suppressed valuations in the market due to the
pandemic.
So, where should you establish your fund? Why would you look to
anywhere other than Guernsey? As a quick recap, Guernsey has been
an International Finance Centre for more than 50 years, is
politically stable (outside the EU with third country rights
already in place), is on the EU's and OECD's
"whitelist", offers real economic substance, has high
regulatory standards (meeting 48 out of 49 of FATF
recommendations), has experienced service providers, and has a
regulator who is both flexible and pragmatic.
