Cayman Islands:
Relocating European Investment Managers Offshore
13 August 2013
Higgs & Johnson
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The recent implementation of the European Alternative Investment
Fund Managers Directive ("AIFMD") in Europe will have
forced investment managers based in the European Economic Area
("EEA") to assess the impact of AIFMD on their
businesses.
If they have not already done so, many managers who are not
actively marketing to EEA based investors will be considering
relocating their businesses offshore to avoid the application of
AIFMD. For those looking to make the switch the Cayman Islands is
an excellent choice of jurisdiction.
Cayman's Securities and Investment Business Law will allow
many investment managers to set-up as "excluded persons"
at low cost and with minimal regulatory oversight and compliance
requirements. Entity formation may be completed quickly with low
ongoing compliance costs.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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