How to obtain a Mutual Fund License in The British Virgin Islands
The first step for obtaining a BVI Investment Fund License is to register a local BVI Business Company or a Limited Partnership or Unit Trust.
In most cases, a BVI Business Company is the preferred form of incorporation. The formal application for a license has to be made to the British Virgin Islands Financial Services Commission. Before applying for a license, an Investment Fund must have an investment manager, an administrator, a custodian, and an auditor. The investment managers must be licensed under the act. The applicant also has to prepare a prospectus for the fund for the application process. It is also required to have an authorized representative in the British Virgin Islands. The fee for an application for a license is $1000. After completion of the application process, the Financial Services Commission will issue a certificate of registration.