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Fund Solutions

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Fund Implementation

Coordination with lawyers, custodians, auditors and other service providers

Review of fund documentation

Implementation of the fund and chart of accounts

Registering with the US Internal Revenue Service (IRS) and obtaining a Global Intermediary Identification Number (GIIN)

Opening bank accounts

Registration with the applicable regulator and CRS/FATCA

Modeling of waterfall distribution schemes

Fund Domiciliation

Domiciliation service for fund, general partners, management companies and SPVs

Operational Support For Funds

Company secretarial support, administrative management and regulatory compliance

Directorships

Employment contracts

Employment visa applications

Accounting and consolidation

Tax assistance / Filing of Employers HK Tax Returns BIR56A and IR56B

Statutory auditor services

Employee compensation and medical insurance

Payroll services

Annual leave calculations and tracking

Investor Services

Onboarding of new investors

KYC collection, storage and maintenance

Closings / drawdowns

Communicating with investors

Preparing and sending investor circulars & notices

Provision of contract notes and statements to investors

Liaising with investors over distributions

FATCA and CRS support

Fund Administration

Accounting services

Calculation of expenses and fees

Preparing and lodging filings

Preparing financial statements (monthly / quarterly / annually – as required)

Communicating with manager

Communicating with third party service providers

Record keeping

Bank account reconciliation (frequency as required)

Investor registry services (including administration of receipt of funds)

Transfer agency

Handling subscriptions, redemptions and transfers

Handling distributions

General secretarial and legal compliance

Coordination of investments/divestments

Payments processing

Provision of registered offices

Assistance with board meetings

Fund Accounting

Fund and adviser bookkeeping

NAV calculation

Preparation of financial statements

Interim financial reporting

Coordination and follow-up of the audit process

Partnership accounting

Shareholder Services

Handling shareholder communications

Registrar and Transfer Agent

Maintenance of unit/share register

Investment transactions processing (commitment, subscription, capital call, redemptions, distributions, transfer, etc)

Processing of all investor transactions (capital calls, distribution, redemptions, etc)

Eligibility, KYC and AML checks

Investor communication

Provision of individual investment account

Offering of participant administration for suppliers of security investment products

Cayman AML & Beneficial Ownership Register Compliance

At Marbury we understand our clients need to focus on portfolio management, performance and investors. Pursuant to the Anti-Money Laundering Regulations (Revised) (AML Regulations), all Cayman domiciled entities carrying out relevant financial business are required to fulfil the AML Regulations. Relevant types of investment structures that must comply with AML Regulations include:

Regulated investment funds registered with the Cayman Islands Monetary Authority (CIMA)

Closed-ended and open-ended but currently unregulated investment funds, including private equity funds, funds or investment vehicles undertaking private debt, real estate/property and infrastructure funds

Other entities carrying out relevant financial business potentially including entities such as trading subsidiaries, SPVs and general partners (where appropriate)

Where Marbury is engaged as Registered Office and already providing Funds Solutions, we can also offer the following services:

Money Laundering Reporting Officer (MLRO)

Deputy MLRO (DMLRO)

AML Registers

Compliance manual and framework

Training on AML procedures

Management of the suspicious activity reporting process

BO Principal Point of Contact (BO PPOC) for the Beneficial Ownership Register (BOR)

AEOI – FATCA & CRS

The Automatic Exchange of Information (AEOI), which comprises due diligence and reporting regimes such as the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) introduces an information standard for the automatic exchange of financial information to combat tax evasion. Our services include:

Entity classification and self-certification

Obtaining a Global Intermediary Identification Number (GIIN)

Designated Principal Point of Contact (PPOC) appointment (or communications with the Cayman Islands Tax Information Authority (TIA))

Designated Primary User appointment (for communications with the BVI International Tax Authority (ITA) via the Financial Account Reporting System (FARS))

CRS Notification with the relevant tax authority

Annual CRS and FATCA reporting

Completion of the CRS Compliance form where applicable

Drafting or reviewing AEOI policies and procedures and assist with the implementation of a manual where relevant

Reviewing self-certification forms, sponsored entity agreements and delegation agreements

CRS and FATCA onboarding new accounts including Self-Certifications

Periodic reviews of the CRS FATCA documentation we hold

For sponsoring entities – taking responsibility for FATCA compliance on behalf of the sponsoring entity client, including performing all initial and ongoing due diligence to identify any reportable accounts, GIIN registration and reporting where applicable

See our Overview of CRS & FATCA for more details

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About Us

Marbury provides corporate services, fund administration, formation and compliance services, business support solutions and corporate advisory through our global network.

Contact

+852 2110 0848

info@marburys.com

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