Korpus Prava provides services in creating and supporting offshore investment funds.
We work in the following first-class offshore jurisdictions:
- Cayman Islands;
- British Virgin Islands;
- Republic of Cyprus;
- Bermudas
- Malta;
- Luxembourg (within the framework of the existing tax exemptions and for the purpose of listing);
- Singapore/Hong Kong S.A.R. (for managers physically located in these countries);
- Ireland (within the framework of listing and administration).
Types funds to be created:
- Portfolio investment funds, including hedge funds;
- Private equity funds, including venture capital;
- Real estate funds.
Main tasks that are resolved through the creation of offshore funds:
- Income from assets in the Russian Federation (or other onshore jurisdiction) in tax-free zone;
- Transactions on behalf of a fund without disclosure of beneficiaries;
- Preservation of property;
- Redistribution of income;
- Attraction of foreign investors by additional guarantees;
- Reduction of administrative burdens – entrance into a more liberal legal field to carry out professional activities, avoiding licensing requirements and regulations.
Structure creation services include:
- Creation and development of structure;
- Recommendations on choosing a jurisdiction and legal consultation;
- Administration of the fund (on client’s request);
- Design and preparation of document packages in accordance with the aims of the project;
- Regular consultations with lawyers, Fund Administrator;
- Search and auditor's recommendations, assisting in the drafting of letters to CIMA to obtain the fund license;
- Management of investment policy;
- Preparation for tax audit;
- Search and selection of a nominee director, with a full spectrum of nominee services;
- The organisation of legal entities and preparation of necessary documents;
- Opening a bank account;
- Due diligence at all stages of the project;
- Registration in stock exchange (on client’s request);
- Receiving codes of securities: ISIN, SEDOL, Bloomberg (on client’s request);
- Continuous management of each project;
- Controlling the launch and operation of the structure.
Structure maintenance services include:
- Contractual work on making transactions by the funds;
- Preparation of necessary documents (certificates, certified copies, letters of attorney, etc.);
- Annual servicing of legal entities of the structure, extension of licenses, registrations, stock exchange listings, etc.;
- Opening additional bank accounts, interaction with bank officers.