This service is suitable for larger investment managers which are either licensed or are classified “Excluded Persons” under the Cayman Islands Securities Investment Business Law (“SIBL”) regime and operating in conjunction with an onshore investment advisor. HighWater goes beyond the provision of basic mind and management functions to include one or more of the following:
The overriding principle is that the services must add value from the Cayman Islands to justify the transfer pricing tax position established by a reputable onshore tax advisor or justify the regulatory functions carried out for AIFMD purposes.