Gibraltar In Comparison To Other Fund Jurisdictions

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Gibraltar In Comparison To OtherFund
Jurisdictions
NICOLA GREEN
Helvetic Fund Administration Limited Suite 209
Neptune House Marina Bay Gibraltar
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Contents

• Gibraltars advantages as a Jurisdiction
• Success Drivers
• Capacity for Growth
• Focus on start-up and medium sized operations

Helvetic Fund Administration Limited
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Gibraltars advantages as a Jurisdiction

• EU territory and Attractive fiscal regime
• Member of the EU since 1973 - Exempt from the
  EU VAT requirements
• Open Platform Funds Regime
• Access to Resources in Major Financial Centres
  (Custody, Brokerage etc.)
• Absence of protective/captive Measures
• Active promotion by Government and Regulator of
  the Funds industry
• Proactive regulatory environment
• Regulator supportive of funds industry
• Due Diligence and investor protection
• Recognition
• Fund domicile
• Effective individualised approach towards finance
  industrys requirements

Helvetic Fund Administration Limited
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Success Drivers

• The regulators standards set for authorisation
• Recognition of authorisation outside the
  jurisdiction
• Accessibility and communication
• Attracting high quality operations from around
  the world
• Time zone convenience and proximity to European
  counter-parties (prime-brokers custodians)
• Broadband communications and efficient
  telecommunications
• Availability of experienced, qualified and able
  personnel.
• Availability of work permits
• Affordable overheads office rent, staff salaries
  and infrastructure

Helvetic Fund Administration Limited
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Success Drivers
Helvetic Fund Administration Limited
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Capacity for Growth

• Accessibility of office space and staff
  accommodation
• Higher quality office suites available for same
  price as other jurisdictions.
• Data Service Providers
• GibTel are only phone service provider, but
  another company offers comprehensive, efficient
  Least Cost Routing for cheap international calls
  worldwide. Room for competition.
• GibTel have BT based systems and training. GibTel
  offer broadband with limitations which can be
  dealt with by IT system control.
• Investment in Qualified Staff
• Work permits EU nationals do not need to apply
  for a work permit allowing access to a wealth of
  experienced and qualified staff. For Non EU
  nationals the process of obtaining a work permit
  is straight forward.

Helvetic Fund Administration Limited
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Focus on start-up andmedium sized operations

• Co-operation between Fund Manager and
  Administrator from inception
• Sharing knowledge of fund structure, trading
  strategies and instruments enables staff to
  understand the fund and any developments in
  future strategy
• Turnkey operations experience with complex
  investment structures in multiple jurisdictions
• Administrator has experience with several
  varieties of funds. Understanding of different
  jurisdictions regulations and disclosure
  requirements
• Experience with operational structures
• Systems established to manage the transfer of
  data detailing many different currencies, share
  classes, fee structures and portfolios of assets
• Multi-currency accounting policies
• Operation of bank accounts, issuing of payment
  instructions, reconciliation of accounts
• Investor relations, transfer agency reporting
  structures
• Prospectus and performance figures updated
  regularly. NAV calculation and distribution.
  Receipt of subscriptions and redemptions. Holding
  of shareholder register
• Flexibility introductions to counter-parties
• Experience and history of contact with reliable
  counterparties in Gibraltar and elsewhere
• AML procedures and Due Diligence
• Employees up to date with legislation in all
  relevant jurisdictions. Guidance Notes from FSC.
  Due diligence on counterparties' regardless of
  whether introduced and new

Helvetic Fund Administration Limited
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Thank you for your attention
Helvetic Fund Administration Limited Suite 209
Neptune House Marina Bay Gibraltar