News and Articles

  • Wed, 10/02/2016 - 8:47am
    Regulatory and investor pressure have drastically altered the hedge fund industry in recent years. With managers increasingly looking for fund administrators to provide more middle-office and value-added services, whilst at the same time squeezing them on fees, the situation has become a Gordian Knot. Administrators must find ways to remain relevant, attract new clients, and continue to build revenues at a time when everyone is adjusting to FATCA, AIFMD, and shortly Common Reporting Standards.
  • Tue, 15/12/2015 - 12:27am

    Lawyer Monthly recently conducted an interview with Calum McKenzie, Director at Folio Corporate Services Limited. Calum McKenzie has worked in the offshore financial services industry for over 16 years.

  • Tue, 26/05/2015 - 6:03pm

    The British Virgin Islands has taken steps to enhance its product offering in the investment business sector by creating two new fund products.

    The “incubator fund” and the “approved fund” are two new lightly regulated fund products which are primarily aimed at start-up emerging managers and those managing funds for friends and family/non-institutional offerings.

  • Tue, 26/05/2015 - 5:45pm

    The Cayman Islands Government (CIG) has introduced The Directors Registration and Licensing Law 2014 (“the Law”) and corresponding Regulations under which individuals and corporate companies acting as directors on mutual funds regulated under the Mutual Funds Law of the Cayman Islands ("regulated funds") need to be either registered or licensed

  • Tue, 01/07/2014 - 3:23pm

    We focus on commercial services this month, with an interview from Calum McKenzie, Director at Folio Corporate Services Limited. Calum Mckenzie has worked in the offshore financial services industry for over 16 years.

  • Tue, 13/05/2014 - 5:27pm

    The BVI is the leading jurisdiction for the incorporation of companies. The number of active companies is approximately 460,000 based on the 2014 Q4 statistics released by the BVI Financial Services Commission. The main single reason for this is the product… the BVI company is quick and simple to obtain/register, easy to use and understand – thanks to pragmatic, clear and simple legislation, recognized worldwide and historically a proven product.

  • Thu, 27/03/2014 - 8:40am

    The British Virgin Islands (BVI) has risen four places and been named a top five offshore finance centre in the 15th influential Global Financial Centres Index (GFCI)1.

    Overall, the jurisdiction is ranked 44th in the world, ahead of 39 other financial centres.

    The strong rise of the BVI in the GFCI 15 counters the trend for most offshore centres that have seen a decline in their position relative to other financial centres; several losing more than ten places.

  • Thu, 16/01/2014 - 7:36am

    Last year we told you that the BVI had introduced a new ‘regulation light’ regime for the recognition and approval of Investment Managers and Advisers. The essence of the new regime was to strike the right balance of flexibility, cost and effective regulation (http://www.folioadmin.com/news/bvi-approved-investment-managers-regulati...).

  • Mon, 01/07/2013 - 5:33pm

    Panama, one of the world's fastest growing economies (recording its second consecutive year of double-digit growth in 2012), is undoubtedly the banking and financial services hub of Latin America. The resulting new wealth and growing middle class has created an ever increasing demand for new investment products and vehicles.

  • Mon, 01/07/2013 - 5:21pm

    The circumstances, commentary and findings in Weavering put corporate governance front and centre in the financial services arena. Despite this there appears to be a continued reticence on the part of principals or sponsors when it comes to appointing professional independent directors rather than ‘amateurs’ with a direct or personal connection to a company.

  • Mon, 01/07/2013 - 8:47am
    The BVI has long been recognised as the ‘go-to’ domicile for the incorporation of offshore companies. There is no question that this can be attributed in large part to the basic tenet of the jurisdiction being tax neutral, highly cost efficient and offering a good degree of privacy within which to conduct business affairs. However many other far less successful jurisdictions offer such benefits so what has led to the unquestionable success of the BVI?
  • Tue, 04/06/2013 - 9:11am

    Diversity in the battle against adversity: cross-selling techniques using insurance.

    The Offshore Challenge

    The past 12 months will always be remembered in the financial world for all of the wrong reasons.

    With a US government downgrade in August, UK banks being downgraded in October and continuing uncertainties relating to the potential debt default by Eurozone members, navigating the markets in 2012 could only ever be described as "challenging" at best.

  • Tue, 05/02/2013 - 7:16am

    Acquistion International Magazine Article - Approved Manager Regime

    Exciting news for practitioners and clients alike is the introduction effective December 10, 2012 of the Approved Manager regime under SIBA.

  • Wed, 16/01/2013 - 10:59am

    On December 10, 2012, the BVI introduced a new ‘regulation light’ regime for the recognition and approval of Investment Managers and Advisers. The essence of the new regime is to adopt a risk‐based approach to certain elements of investment management business conducted in the BVI and to strike the right balance of flexibility and effective regulation, taking into account the relative risk, nature and complexity of the business carried on.

  • Wed, 16/01/2013 - 7:48am

    Important Notice for all BVI entities

    Changes to record‐keeping requirements introduced in BVI

    The record keeping and record retention obligations of all BVI companies and limited partnerships have changed as a result of amendments to the Mutual Legal Assistance (Tax Matters) Act, 2003 (MLAT) and the Partnership Act, 1996 (PA 1996). The amendments are effective immediately having come into force from the date of assent on 12 November 2012.

  • Wed, 04/07/2012 - 2:06pm

    Folio primarily operates in the small to medium sized fund market. We assist a variety of clients ranging from single managers and small institutions to family offices. We specialise in the establishment, launch and ongoing administration of an array of investment structures.

  • Wed, 10/02/2016 - 8:47am
    Regulatory and investor pressure have drastically altered the hedge fund industry in recent years. With managers increasingly looking for fund administrators to provide more middle-office and value-added services, whilst at the same time squeezing them on fees, the situation has become a Gordian Knot. Administrators must find ways to remain relevant, attract new clients, and continue to build revenues at a time when everyone is adjusting to FATCA, AIFMD, and shortly Common Reporting Standards.
  • Tue, 15/12/2015 - 12:27am

    Lawyer Monthly recently conducted an interview with Calum McKenzie, Director at Folio Corporate Services Limited. Calum McKenzie has worked in the offshore financial services industry for over 16 years.

  • Tue, 26/05/2015 - 6:03pm

    The British Virgin Islands has taken steps to enhance its product offering in the investment business sector by creating two new fund products.

    The “incubator fund” and the “approved fund” are two new lightly regulated fund products which are primarily aimed at start-up emerging managers and those managing funds for friends and family/non-institutional offerings.

  • Tue, 26/05/2015 - 5:45pm

    The Cayman Islands Government (CIG) has introduced The Directors Registration and Licensing Law 2014 (“the Law”) and corresponding Regulations under which individuals and corporate companies acting as directors on mutual funds regulated under the Mutual Funds Law of the Cayman Islands ("regulated funds") need to be either registered or licensed

  • Tue, 01/07/2014 - 3:23pm

    We focus on commercial services this month, with an interview from Calum McKenzie, Director at Folio Corporate Services Limited. Calum Mckenzie has worked in the offshore financial services industry for over 16 years.

  • Tue, 13/05/2014 - 5:27pm

    The BVI is the leading jurisdiction for the incorporation of companies. The number of active companies is approximately 460,000 based on the 2014 Q4 statistics released by the BVI Financial Services Commission. The main single reason for this is the product… the BVI company is quick and simple to obtain/register, easy to use and understand – thanks to pragmatic, clear and simple legislation, recognized worldwide and historically a proven product.

  • Thu, 27/03/2014 - 8:40am

    The British Virgin Islands (BVI) has risen four places and been named a top five offshore finance centre in the 15th influential Global Financial Centres Index (GFCI)1.

    Overall, the jurisdiction is ranked 44th in the world, ahead of 39 other financial centres.

    The strong rise of the BVI in the GFCI 15 counters the trend for most offshore centres that have seen a decline in their position relative to other financial centres; several losing more than ten places.

  • Thu, 16/01/2014 - 7:36am

    Last year we told you that the BVI had introduced a new ‘regulation light’ regime for the recognition and approval of Investment Managers and Advisers. The essence of the new regime was to strike the right balance of flexibility, cost and effective regulation (http://www.folioadmin.com/news/bvi-approved-investment-managers-regulati...).

  • Mon, 01/07/2013 - 5:33pm

    Panama, one of the world's fastest growing economies (recording its second consecutive year of double-digit growth in 2012), is undoubtedly the banking and financial services hub of Latin America. The resulting new wealth and growing middle class has created an ever increasing demand for new investment products and vehicles.

  • Mon, 01/07/2013 - 5:21pm

    The circumstances, commentary and findings in Weavering put corporate governance front and centre in the financial services arena. Despite this there appears to be a continued reticence on the part of principals or sponsors when it comes to appointing professional independent directors rather than ‘amateurs’ with a direct or personal connection to a company.

  • Mon, 01/07/2013 - 8:47am
    The BVI has long been recognised as the ‘go-to’ domicile for the incorporation of offshore companies. There is no question that this can be attributed in large part to the basic tenet of the jurisdiction being tax neutral, highly cost efficient and offering a good degree of privacy within which to conduct business affairs. However many other far less successful jurisdictions offer such benefits so what has led to the unquestionable success of the BVI?
  • Tue, 04/06/2013 - 9:11am

    Diversity in the battle against adversity: cross-selling techniques using insurance.

    The Offshore Challenge

    The past 12 months will always be remembered in the financial world for all of the wrong reasons.

    With a US government downgrade in August, UK banks being downgraded in October and continuing uncertainties relating to the potential debt default by Eurozone members, navigating the markets in 2012 could only ever be described as "challenging" at best.

  • Tue, 05/02/2013 - 7:16am

    Acquistion International Magazine Article - Approved Manager Regime

    Exciting news for practitioners and clients alike is the introduction effective December 10, 2012 of the Approved Manager regime under SIBA.

  • Wed, 16/01/2013 - 10:59am

    On December 10, 2012, the BVI introduced a new ‘regulation light’ regime for the recognition and approval of Investment Managers and Advisers. The essence of the new regime is to adopt a risk‐based approach to certain elements of investment management business conducted in the BVI and to strike the right balance of flexibility and effective regulation, taking into account the relative risk, nature and complexity of the business carried on.

  • Wed, 16/01/2013 - 7:48am

    Important Notice for all BVI entities

    Changes to record‐keeping requirements introduced in BVI

    The record keeping and record retention obligations of all BVI companies and limited partnerships have changed as a result of amendments to the Mutual Legal Assistance (Tax Matters) Act, 2003 (MLAT) and the Partnership Act, 1996 (PA 1996). The amendments are effective immediately having come into force from the date of assent on 12 November 2012.

  • Wed, 04/07/2012 - 2:06pm

    Folio primarily operates in the small to medium sized fund market. We assist a variety of clients ranging from single managers and small institutions to family offices. We specialise in the establishment, launch and ongoing administration of an array of investment structures.