We understand your business and the challenges of setting up a new fund in a new jurisdiction. Outlined below is some guidance on how to set up a fund in Ireland.
To set up a fund in Ireland you must obtain authorisation from the Central Bank of Ireland. There are a number of steps involved:
There are two main fund regimes in Ireland: UCITS and AIFs. There are a number of factors to consider when making this decision including the location of target investors and the investment policy of the fund.
The following legal structures are available in Ireland - Investment Company, Unit Trust, Common Contractual Fund (CCF) and Investment Limited Partnership.
The Central Bank of Ireland (CBI) is the authority responsible for the authorisation of funds in Ireland. They will approve all the below mentioned service providers.
For all Irish funds a number of service providers must be approved in advance including:
In the case of a UCITS, the fund promoter and the investment manager (only if different to the promoter) must also be approved by the CBI. For AIFs the investment manager must obtain approval as an AIFM from the CBI.
Once the promoter/investment manager have been approved, the final step is obtaining approval for the fund documentation.
We can provide assistance with the market entry strategy for your fund and provide assistance with the set-up and establishment of your fund through regulatory, accounting, tax and operational advice. For more information on how we can help click here.