Fund Administration & Fund Accounting
Fund administration and fund accounting is the set of required activities for Collective Investment Schemes (CIS). A CIS has to appoint an approved Fund Administrator to carry out necessary activities once a Funds is registered and live. To support Fund Manager and Investors, the Fund Administration is responsible for an accurate up-keeping of the general ledger, monitoring the investment portfolio and the share register to ensure that an investment fund complies with all applicable statutory requirements, rendering such services as:
- Preparation of Net Asset Value on a regular basis
- Pricing the investment portfolio or sub-portfolios
- Fund accounting
- Preparation of contract notes
- Transfer agency
- Payment of bills
- Preparation of financial statements
- Performance reporting
- Compliance reporting
Registered Funds (UCITS, AIFs, PIFs), licenced and governed by the Investment Services Act (ISA), have to comply with statutory laws and maintaining accurate and up to date books. Every investment vehicle licensed under the ISA is to carry statutory financial statements followed by an Audit as indicated by the mentioned rules. Such a statutory reporting must reflect the investment objectives of the investment fund as set out in the respective Offering Documents. The accounts should be carried out at least on an annual basis (PIFs, AIF) or bi-annually for UCITS Funds. A set of these report must be submitted both the MFSA and the Registry of Companies.
Furthermore, the CIS or the Administrator shall keep accounting and related records in its Malta registered office and made available to the MFSA should the need arises. Records shall be retained for a minimum period of ten years.
However, such activities require a License in Switzerland but also in Liechtenstein and Luxembourg. Therefore, we manage all our Fund Service Activities through separate entities.
We have been active on the market as a professional corporate services provider for more than two decades and have the corresponding experience. You can therefore rely on a trustworthy and reliable service from experts. We operate our own offices in various countries in Europe and also maintain a large international network to reliably implement the goals of our clients.
And the good thing is that with our legal and tax background in international tax law, we also know what we are doing. If structures do not fit your personal circumstances, then they simply do not fit and often we also advise clients not to operate structures for a variety of reasons. Because it is really important to comply with international OECD standards to avoid personal misconduct and possible legal problems.
To all other clients we offer the full range of corporate services, drafting of articles of association and documents as well as registration, filing and observance and transmission of annual filings.
Licensing of Fund Administration
Generally, the provision of fund administration services to CIS is not itself a licensable activity under Maltese law. However, any person wishing to provide administration services to Collective Investment Schemes in Malta or from Malta must obtain a recognition certificate from the Malta Financial Services Authority (MFSA).
We take the burden off the Fund Management shoulder’s, offering a range of dedicated Fund Services and help you focus on what really matters – to grow your fund business.
With our legal background and constant education of our staff, while monitoring ever-changing regulations, we are sure that we can meet your expectations.
Worldwide Company Formations
If you are convinced that an offshore company structure is the right choice for you – after a proper assessment of your personal situation – we are able to offer reasonably priced company formations in the following jurisdictions:
Bahamas Belize British Virgin Islands Canada Cayman Islands Gibraltar Hong Kong Isle of Man Jersey & Guernsey Panama Seychelles Singapore St. Kitts & Nevis US Delaware
A holding structure is not legal form but a way to organize several companies and permanent establishments, on- and offshore in a certain way with each other using the same corporate parent.
Generally one can organize a holding structure differently – as a Management Holding, Financial Holding or Operational Holding whereas the first two forms are widespread and more common.
Often a holding structure makes sense to bundle business activities while creating synergy effects for the purpose of cost reduction. Speak to us to discuss possibilities for your family-run SME.
Any business activity carried out abroad in a foreign country (other than the country where the company is registered) which results in revenue being generated (which can either be revenue generated directly in the country or where the activity in the country contributes to the “group” entity’s revenue), is likely to be deemed by local authorities as having created a “PE”. What this means is that the local country tax authorities will assess corporate tax on a deemed revenue arising in-country. In most countries in order to recognize a PE, it needs to be formally registered under some corporate identity, typically a branch, representative office, or a subsidiary entity.
Onshore & Offshore
It is not forbidden to own an Offshore Company for a legitimate purpose. However, if the sole purpose of your Offshore Entity is Tax Avoidance or even worse Tax Evasion, you should reconsider all options.
Speak to us to find more about how to comply with national Tax rules. There are other more suitable options to reduce your Tax Bill.
Trusts & Foundations
We offer high net worth individuals, corporations, foundations and other institutional investors a sound and independent advice on all issues related to wealth management, its succession and inheritance rules.
We see ourselves as independent consultants for, among other things, the long-term structuring of assets. We attach particular importance when creating an individual and intergenerational wealth strategy involving existing company structures and the family environment alongside with support to planning and execution of succession plans.
Please note that we would not do asset management itself as we are not specialized in and believe, others may do better. So we swapped this according to clients needs to appropriate banks and asset managers.
For our international clientele, we establish foundations and trusts at various locations, always taking into account your individual requirements and with the necessary expertise that you can expect.
Private Label Funds
For our international clientele, we establish Private Label Funds at various locations, always taking into account your individual requirements and with the necessary expertise that you can expect.