Easing the way for managers of existing funds to move to Guernsey

A new fast track application service has been launched for Managers of existing Overseas Collective Investment Schemes to migrate to the Channel Island of Guernsey.

Investment managers are increasingly being drawn to Guernsey because of the quality and expertise on the island across legal, tax, audit and administration. In addition, the flexibility and ease of doing business, combined with high standards of regulation and governance, gives investors the comfort to put their money into Guernsey funds.

Guernsey’s regulator, the Guernsey Financial Services Commission (GFSC), expects that migration, or if required the licencing of a newly incorporated Guernsey entity, will take just 10 days from the application being submitted. As an experienced licensed administrator, Elysium works with funds, investment managers and advisers that are considering Guernsey and we can provide the declarations that are required by the GFSC under this fast track approach.

This latest fast track programme complements the existing fast track applications for Registered Funds and Private Investment Funds and once again demonstrates Guernsey’s proactive and innovative approach to enabling business to be done. It also demonstrates that this leading international financial centre is very much open for business despite the global coronavirus pandemic. Guernsey was one of the first places in the world to have eliminated Covid-19 and is moving into Phase 5 of its exit from lockdown – a return to near normality – on 20 June 2020.

Elysium, with its 20+ year heritage of providing administration, accounting and company secretary services to alternative funds and managers, has specialist expertise across private equity, infrastructure, property, specialist debt, special situations and sustainable finance.

Please contact the Elysium team on +44 (0)1481 810 100 or elysium@elysiumfundman.com if you would like further information on this new service for existing Managers and funds or to discuss new funds.