Sable Trust Limited offers substantial experience in providing detailed advice on the establishment and use of fund structures. Fund administration services are offered through our licensed subsidiary, Sable Fund Services Ltd.
For new Investment Fund Structures, the BVI has precise, modern legislation regulating the set up and administration of offshore funds. In addition to the legislative framework, the Investment Business Division of the BVI Financial Services Commission maintains regulatory oversight over BVI funds and BVI investment managers, thereby providing both Fund Managers and investors with added protection in the operation and administration of the Fund. The BVI Financial Services Commission is also responsible for the licensing and regulation of BVI fund administrators.
Formation services include the following:
- Assistance in the choice of jurisdiction and type of structure.
- Assistance in the drafting of Offering Memorandum or Prospectus.
- Incorporation of structure and application for recognition of the Fund.
- Liaison with third party service providers (e.g. custodians, investment advisors etc.) and drafting of third party management agreements.
- Assisting with operational structure for Management and Administration of the Fund.
- Access to Legal Services provided by the leading BVI offshore firms.
Administration Services
In order to ensure compliance with Fund regulatory requirements, together with other day-to-day Fund administration needs, the Sable group provides all of the necessary administration functions, which include the following:
- Provision of Officers and Directors.
- Provision of a Registered Office, maintaining corporate records, holding annual meetings and preparation of corporate resolutions.
- Arranging for renewal of Fund licences.
- Arranging for preparation of Annual Financial Statements and review with external auditors.
- Publication of the Net Asset Value for the Fund.
- Access to legal services as required.
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