How to obtain an Australian Hedge Fund License?
An Australian Hedge Fund License is essential for any business or persons providing any investment schemes operating as a hedge fund in Australia or to Australian residents if you are located abroad. The license for operating a Hedge Fund in Australia is issued in the form of an Australian Financial Service License with a registration for a managed investment scheme. It is issued by the Australian Securities and Investments Commission, also called the ASIC.
The first step to obtaining the license is to register a public company in Australia.
This has to be followed by an application for an Australian Financial Service License. An application for an Australian Financial Services License is a well-drawn-out process and it is highly recommended that you obtain the services of a licensing specialist for the process.
The process of the application for an Australian Financial Services License starts with the selection of your Responsible Manager. You will also need to prepare your Business Description, Financial Statements and Financial Resources proof, and Organizational Competence. Once your application is approved, ASIC will issue you a license, which you can use to commence your business.
After obtaining the license, you will also have to register your investment scheme with the ASIC which will allow you to operate the Hedge Fund in Australia. If you already have an Australian Financial Service License, you can move directly to register your scheme.
If you are interested in learning more about an Australian Hedge Fund License and how it can help your business, please get in touch with us and our dedicated team of experienced professionals will assist you through the entire process of obtaining an Australian Hedge Fund License.