Seychelles Professional Fund

The Mutual Fund and Hedge Fund Act, 2008 (Act 10 of 2008) sets out the guidelines pertaining to the application and licensing of mutual funds and other collective investment entities. Mutual fund is administered by a person holding a Seychelles fund administrator’s license; and which is incorporated or otherwise established and domiciled outside Seychelles.

Professional Fund is made available to either a highly experienced professional investors/high net worth investors, with the initial minimum investment per investor being USD 100,000 or the equity interests are listed on a stock exchange of a recognized jurisdiction. Professional investors include Recognized Banks, Mutual Funds, Insurance Companies, Securities dealers, etc. An investor must sign a declaration confirming that he meets these criteria and consenting to be treated as a professional investor for the purposes of the Act.

Key Features

Seychelles Professional Fund Corporate Details
General
  • Type of Entity
Professional Fund
  • Registered Address in Seychelles
Yes
  • Corporate Taxation
No
Share capital or equivalent
  • Standard currency
USD
  • Permitted currencies
Any
  • Minimum Subscription
USD 100,000
  • Minimum Investors
No
Directors
  • Minimum number
2
  • Local required
No
  • Corporate directorship allowed
Yes
Service Providers
  • Custodian
Yes
  • Fund Manager/Investment Manger
Yes
  • Fund administrator
Yes
  • Auditor
Yes
Accounts
  • Requirements to prepare
Yes
  • Audit requirements
Yes, on Annual basis
  • Requirements to file accounts
Yes