Error encountered in: F:\Website\www.dixcart.com\public_html\inc\templates\richheader.inc.asp
Provider - Unspecified error
Advantages of a Private Isle of Man Mutual Fund
It is the combination of a formal structure with in-built flexibility that makes an Isle of Man Mutual Fund so attractive. Investors can be a mix of onshore and offshore investors.
No tax is levied in the Isle of Man on income or gains and there is no withholding tax.
Additional advantages include:
- Offers a formal but flexible structure for investors with a common interest
- Governs the relationship between investors, allowing investors to leave the fund and new investors to join
- Valuation periods can be selected, varying from daily to annually, depending upon the requirements of the shareholder
- The ultimate holding entity is an enduring entity, building up a track record which can be demonstrated to future investors
- Financial institutions are confident to trade with such structures
- Collective cost savings and reduced duplication of due diligence
- Tax efficient structure
- Allowed to market funds without onerous compliance obligation.
Licensed to conduct Investment Business by the Isle of Man Financial Supervision Commission.