Investment Management

Funds

We provide audit services to a wide variety of investment funds administered in the Gibraltar. We are able to offer guidance to our clients on the application of United Kingdom and International Financial Reporting Standards and on accounting for complex derivative products.

Funds in Gibraltar are supervised by the Financial Services Commission. 2005 saw the introduction of the Financial Services (Experienced Investor Funds) Regulations 2005. This has given rise to a niche area for funds in Gibraltar. These are funds designed for high net-worth or experienced investors. These funds do not have to go through the regular licensing procedure and are intended to provide adequate investor protection whilst at the same time providing for a flexible and “lighter” regulatory environment.

Licensed funds in Gibraltar (including Experienced Investor Funds) are exempt from taxation in Gibraltar upon receipt of a certificate from the Commissioner of Income Tax. In addition there is no capital gains tax or wealth tax in Gibraltar and stamp duty on the increase of capital and on the transfer of shares is fixed at £10.