Jun 14 2011
85% of hedge fund companies have been incorporated in Cayman Islands. It’s very interesting to observe particular jurisdiction how they try to attract companies by providing special law and regulation in different area and changing law according to the market needs. While small island being recognized as a state then is much easier to adapt law where population is about 85,000 inhabitant – Seychelles International Business Authority has adopted special Act 2008 providing flexible administration of funds. It has been recognized as a one of the most modern offshore jurisdiction for Professional funds. Regulatory requirements have been adapted to suit all types of funds. Where licensing for Professional funds cost not less than 100,000 USD.
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