Explore Other Packages

Guernsey - GP/LP Structure

Jersey Private Fund Setup

Luxembourg RAIF (SCSP) Fund Setup

GIFT City – Company Setup (Fund Management Entity)

DIFC Category 3C License

Cayman Island Fund & Regulated Entity Audit

View all

British Virgin Islands

BVI Approved Fund Setup (Open-Ended Fund)

Wealth Management

Open-Ended Fund

Corporate Governance

BVI FSC Compliance

Introduction

A BVI Approved Fund is a lightly regulated investment fund designed for smaller private investor groups such as family members, close business partners, or...
Read more

View Overview

Funds

Highlights & Benefits

Best for Small Investor Groups

Approved funds are suitable for private networks such as families, friends, or closely connected investors who want to pool capital

Limited Investor Structure

The total number of investors is restricted to 20 participants, allowing the fund to maintain a private investment structure

Higher Asset Threshold

Approved Funds can manage up to USD 100 million in net assets, allowing greater investment scale compared to early-stage fund structures

No Minimum Investment Requirement

Unlike some regulated funds, Approved Funds do not impose a minimum investment requirement for investors

Flexible Service Provider Requirements

The only mandatory third-party appointment is a fund administrator, who provides services such as investor registry, transfer agent functions, and NAV calculation.

Process Flow

Define the Fund Structure

The process begins by defining the fund’s investment objective, investor group, and governance structure. Most Approved Funds are established for closely connected investors.

Incorporate the Fund Entity

The fund is typically incorporated as a business company in the British Virgin Islands, outlining share classes, investor rights, and redemption rules.

Appoint Required Roles

The fund must appoint at least two directors, including one individual director. An Authorized Representative must also be appointed to communicate with the BVI Financial Services Commission

Prepare Fund Documentation

Constitutional documents, investment guidelines, and compliance policies are prepared before submitting the fund application

Register the Approved Fund

Once the documentation is submitted and approved by the BVI Financial Services Commission, the fund becomes operational and can begin accepting investor subscriptions

Documents from the Authority

BVI Funds.pdf

fund_financials_...

fund_custodian_a...

private_investme...

FAQs

What is an open-ended fund?

An open-ended fund allows investors to redeem their shares in the fund based on a defined redemption schedule. Investors receive the value of their holdings based on the fund’s Net Asset Value (NAV).

How many investors can an Approved Fund have?

Approved Funds are limited to a maximum of 20 investors

Is there a minimum investment requirement?

No. Approved Funds do not impose a minimum investment threshold for investors

What is the asset limit for an Approved Fund?

The total net assets of an Approved Fund must not exceed USD 100 million

Terms & Conditions

The fund must be regulated by the BVI Financial Services Commission
This service is offered by Arnifi in partnership with Asia leading and Arnifi shall only act as facilitator of this service.
A registered agent and authorized representative must be maintained throughout the fund’s operation

Pricing Details

BVI Approved Fund Setup (Open-Ended Fund)

Normal service

USD 21,300

Total

USD 21,300

Arnifi Price

USD 21,300

Note: The payment is prepaid.

100% Money Back Guarantee

Full refund guarantee and no questions asked

Real Time Dashboard
Never miss a deadline

Compliance calendar integrated in your dashboard

24×7 Operational Support

Round-the-clock support for all clients available every day, any time

Pricing Details

USD 21,300

Explore Other Packages

Guernsey - GP/LP Structure

Jersey Private Fund Setup

Luxembourg RAIF (SCSP) Fund Setup

GIFT City – Company Setup (Fund Management Entity)

DIFC Category 3C License

Cayman Island Fund & Regulated Entity Audit

View all

Start your Business

Locations

Services

Tools

Resources

Partner Contact

We simplify business setup, visas, tax filing, and compliance helping entrepreneurs expand globally.

Assured Safe & Secure Transaction

Join Our Newsletter

Our Offices

India

4th Floor, Vaswani Presidio, Panathur Main Rd, Kadubeesanahalli, Bengaluru, Karnataka-560103

+91 70229 66202

UAE

API Trio Tower - Office 1105 - Sheikh Zayed Rd - Al Barsha First - Dubai - United Arab Emirates

+971-58-5054423

United Kingdom

Berkeley Suite, 35 Berkeley Square, Mayfair, London UK, W1J 5BF

+44 7343 040385

Mail Us

hello@arnifi.com

Assured Safe & Secure Transaction

Join Our Newsletter

Get an AI summary of Arnifi

Explore Other Packages

Guernsey - GP/LP Structure

Jersey Private Fund Setup

Luxembourg RAIF (SCSP) Fund Setup

GIFT City – Company Setup (Fund Management Entity)

DIFC Category 3C License

Cayman Island Fund & Regulated Entity Audit

View all

British Virgin Islands

BVI Approved Fund Setup (Open-Ended Fund)

Wealth Management

Open-Ended Fund

Corporate Governance

BVI FSC Compliance

Introduction

A BVI Approved Fund is a lightly regulated investment fund designed for smaller private investor groups such as family members, close business partners, or...
Read more

View Overview

Funds