Our dedicated fund team, Mann Made Administration Limited, is an Isle of Man based fund administration company providing cost effective administration services to Isle of Man exempt schemes & overseas exempt type schemes.
The exempt scheme is a fully flexible cost-effective vehicle that is wholly outside the scope of fund regulation in the Isle of Man and is suitable for all types of private funds, as well as family offices looking to structure their assets in a zero corporation tax environment.
There are two criteria for Isle of Man exempt scheme status namely:
- Interests in the exempt scheme may not be offered to the public
- The exempt scheme must have fewer than 50 investors at all times
Although there is no requirement for an exempt scheme to appoint a regulated fund administrator, the use of an Isle of Man fund vehicle will, as a minimum, require an Isle of Man fiduciary services provider to deliver formation and on-going compliance services. These are regulated activities in the Isle of Man.
As an unregulated vehicle, there are no restrictions on asset classes, trading strategies or leverage for an exempt scheme. Accordingly, the exempt scheme is suitable for any type of investment fund from traditional equity funds to hedge fund strategies and from private equity to property investment.
An exempt scheme can obtain investment advice from any source.
At Mann Made we are ready to service Isle of Man exempt schemes and overseas exempt type schemes with particular focus on the provision of fund administration and custodian services to those schemes involved in real estate.
What we do
- Accounting and Bookkeeping
- Opening and operation of bank accounts
- Handling investor subscriptions and redemptions
- Performing due diligence identification procedures in respect of investors
- Maintaining the register of shares and investors
- Net asset valuations
- Calculating and disbursing payment of any fees due creditors
- Calculation and disbursing payment of any income and gains to the investors
- Communicating with investors
Mann Made Administration Limited and Mann Made Custody Limited are wholly owned subsidiaries of Mann Made Corporate Services Limited. Mann Made Corporate Services Limited is licensed by the Isle of Man Financial Supervision Commission