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Article: Cayman Islands Mutual Funds.
- Article from:
- Mondaq Business Briefing
- Article date:
- June 12, 2003
CopyrightCOPYRIGHT 2003 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction
This memorandum summarises the methods of establishing mutual funds in the Cayman Islands and highlights the principal legal and regulatory considerations. It is not intended to deal exhaustively with all aspects of the subject and proper legal advice should be obtained before proceeding with the establishment of a particular fund.
The Cayman Islands, with over 4,000 regulated and many more unregulated funds currently in existence, have become a jurisdiction of choice for the establishment of mutual funds. The laws of the Cayman Islands allow a high degree of flexibility and permit mutual funds to be structured as companies, unit trusts or ...