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Fund administration services
Boost Your Fund's Success with Tailored BVI Management Solutions
Why CISA Funds is Your Trusted Partner for BVI Success
At CISA Fund Administration Ltd., we are committed to providing clients with Funds Administration Services that are customized to their investment needs, regulatory requirements, and operational goals in the British Virgen Islands (BVI). Our expertise ensures that your investment fund runs seamlessly while staying compliant with BVI regulations, allowing you to focus on growth and long term success.
Why Choose the BVI for Your Investment Fund?
The British Virgin Islands (BVI) is one of the leading jurisdictions for setting up investment funds, offering a favorable regulatory and tax environment. The Financial Services Commission (FSC) regulates the BVI fund industry and enforces the Securities and Investment Business Act (SIBA) and the Mutual Funds Regulation, providing a robust framework for investment vehicles.
Types of BVI Funds We Administer
We specialize in administrating a variety of fund structures to suit the unique objectives of investors:
The two main categories of investment funds are:
- Open-Ended Funds: These funds provide flexibility allowing investors to voluntarily redeem their shares based on the fund’s net asset value and holds liquid investments.
- Closed-Ended Funds: Operate with no automatic redemption rights, with the board of directors managing such decisions, caters more to private equity funds that hold illiquid investments.
Types of Open-ended Funds
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Public Funds: Available to the general public without investor number restrictions. Suitable for retail offerings, but subject to the most stringent regulatory requirements in BVI.
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Professional Funds: Designed for high-net-worth individuals and professional investors, these funds require a minimum initial investment of USD 100,000.
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Private Funds: Capped at 50 investors, these funds are for private subscriptions made through personal or business connections with no minimum initial investment requirement.
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Approved Funds: Tailored for “friends and family” offerings, with a cap of 20 investors and total net assets under US$100 million. Lower setup and ongoing requirements make it ideal for smaller ventures.
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Incubator Funds: Built for emerging managers testing a new strategy or track record. Limited to 20 investors and US$20 million in assets, with fewer mandatory appointments. Must convert to another fund type after 2–3 years or wind down.
Types of Closed-ended Funds
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Private Investment Funds: Suitable for private offerings with limited redemptions. PIFs require 3 designated persons to oversee management, valuation, and safekeeping, along with other standard governance elements. Must be licensed under the Private Investment Funds Regulations.
Types of BVI Funds Structures
The BVI offers a variety of fund structures, allowing investors and fund managers to choose the most suitable setup based on their objectives and regulatory needs. These structures include:
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BVI Business Companies
including Segregated Portfolio Companies – the most common structure.
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Limited Partnerships
Limited Partnerships – often used for private equity or venture capital funds.
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Unit Trusts
Unit Trusts – typically chosen for tax-efficient structures.
Our Comprehensive Fund Administration Services
Our Fund Administration Services are built to ensure that every aspect of your fund’s operations is managed with precision and in full compliance with BVI laws:
Net Asset Value (NAV) Calculation
We calculate the fund's NAV on a regular basis, ensuring transparency and accuracy for investors.
Pricing of Assets & Liabilities
We ensure the fund's assets and liabilities are priced according to the valuation policy, maintaining integrity and regulatory compliance.
Subscription & Redemption Processing
We manage all subscription, redemption, and distribution activities, providing a seamless experience for investors.
Audit Coordination
We work closely with auditors to facilitate smooth and accurate audits, ensuring your fund's compliance and operational integrity.
Financial Statement Preparation
We prepare financial statements in line with International Financial Reporting Standards (IFRS), ensuring full transparency and regulatory compliance.
Why Work with CISA Funds?
Choosing the right Fund Administrator is crucial for the success of your BVI investment fund. At CISA Fund, we combine our deep knowledge of BVI regulations with a commitment to efficiency and transparency. We provide:
- Expertise in managing both open-ended and closed-ended funds.
- Regulatory compliance with the Financial Services Commission (FSC) and SIBA.
- Seamless operations through efficient subscription processing, valuation, and reporting.
Our goal is to simplify the complex administrative tasks involved in running a fund, enabling you to concentrate on what matters most-growing your investments.
Things to Consider
- Does your Fund Administrator have proven expertise in managing the type of fund you plan to establish?
- Is their service offering comprehensive enough to cover all regulatory and operational requirements?
- Are the fees and costs associated with administration clearly outlined and aligned with your fund’s budget?
Streamline your BVI Fund with CISA Trust!
Contact us today for expert fund administration and focus on growing your investments.
