The process of setting up a fund in Cayman is similar to other offshore islands, which probably includes project investigation, selection of fund managers, preparation of legal documents by local lawyers, registration of fund establishment, opening of cash accounts and investment accounts, and the efforts of fund managers, and then the funds can be transferred to start operation. Of course, periodic work, such as accounting and net financial value calculation, is generally carried out monthly or quarterly. The annual audit of the fund is also necessary.
Just look at the process, not much, but not a few. If the organization goes to a service provider (lawyer, auditor, etc.). ) one by one, from the beginning of contact to the final implementation, it will take a lot of time, not too difficult, but it will be more troublesome. If you don't want to do it yourself, you can find a China brokerage firm like Anxin International. They will provide you with a set of services from the beginning, and the final price may be lower than the price of your own individual service negotiation, and the speed is fast.
There are a few points to remind you:
1. Watch the time. If an institution sets up its own offshore fund, it will take at least 3-5 months, and if it uses the sirrah SPC platform of Anxin International or Dongying, it will take 2-3 months at the earliest, but Anxin International can provide a whole set of brokerage business, and the follow-up should be more convenient.
2. As for the fees, generally we will find an external service provider to register the exempted company first, which will involve many service providers, such as lawyers and auditors. Pay attention to what the comprehensive quotation includes, and don't just compare the total price.
3. Some continuing obligations after the establishment, such as submitting an offer, annual license fee, annual audit, etc.
Wish you success!