Licence types
Funds
Fund vehicles, managers and administrators. Compared across 4 regimes. Figures are the statutory minimums from each regulator; real capital needs are usually higher.
| Jurisdiction | Licence | Minimum capital | Timeline | Risk |
|---|---|---|---|---|
| Bahamas Americas & Caribbean | Investment fund licence or registration (professional, standard, SMART and self-administered funds) and fund administrator licence Securities Commission of The Bahamas | Not published | Not published | Standard |
| Bermuda Americas & Caribbean | Authorised fund (institutional, administered, specified jurisdiction, standard) or registered fund (Professional Class A, Professional Class B, Professional Closed, private, overseas) Bermuda Monetary Authority | Not published | Not published | Standard |
| British Virgin Islands Americas & Caribbean | Mutual funds (private, professional, public), private investment funds, incubator and approved funds Financial Services Commission | Not published | Not published | High risk |
| Cayman Islands Americas & Caribbean | Regulated mutual fund (licensed, administered, registered, master or limited investor fund) and registered private fund Cayman Islands Monetary Authority | Not published | Not published | Standard |
Sources are listed on each jurisdiction page. Information only, not legal advice.