How to Start an Offshore Fund
Starting an Offshore Fund has its complexities. If you have been a super trader with an impressive track record, it is likely that you are also seeking to enter the international investment fund arena for the first time, with ’seed capital’ of between US$500K to US$1 million. This requires starting a private fund, preferably, offshore. To start an Offshore Fund, you need to know the types of specialist services available:
Initial Fund Start Up Services
- Incorporation of an Offshore Company
- Preparation of Private Offering Memorandum (Prospectus), Shareholders’ Agreement and Share Subscription Agreement.
- Facilitation of Offshore Administration services and Private Offering Memorandum (Prospectus) and Subscription documentation.
- Preparation of investor documentation, letters.
- Vendor Due Diligence documentation
Fund Administration Services
- Providing the Offshore Fund its management office and non investment manager-trader operations personnel (if required)
- Due diligence checks on Investor under the Anti-Money Laundering (AML) regulations.
- Risk Management and Data Recovery services.
Investor Management Services
- Providing prospective investors with offering memorandum and shareholders’ agreement and offering materials
- Managing subscription documents
- Processing and notifying investment manager and general partner of subscriptions, capital contributions and withdrawals
- Distributing financial reports, mailings and electronic communications
- Responding to investor inquiries.
Accounting Services
- Calculation of monthly capital account balances on an economic and tax basis.
- Calculation of management fees and performance allocation.
- Preparation of monthly financial statements.
- Calculation of fees due sales agent.
- Interaction with investment managers and traders, banks, counsel and auditors.
- Facilitate and manage the preparation of financial statements and year end audit.
- Facilitate and manage tax preparation, planning and consulting.
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September 16th, 2008 at 4:51 am
Hi, I am on a research on fund administration industry in Singapore. I have difficulty in getting the information about them. May I just know how many of them are in the Singapore market? Is there any websites you could recommend? Thanks in advance.