Ireland has a very effective double-taxation treaty regime and offers an efficient way for firms to set up a base for international fund distribution.
Ireland’s uniquely flexible regime enables alternative managers with existing structures elsewhere to expand their strategies into Ireland, providing for tax-transparency, corporate structuring, and investor needs.
The Central Bank of Ireland has outlined a clear commitment to deepening the pool of capital available for alternative investing, and the domicile offers a sophisticated range of structures available to asset managers.
Irish Qualifying Investor Alternative Investment Fund (QIAIF)
- Used for private equity, venture capital, property, infrastructure etc funds
- Flexible regulatory framework for alternative funds to access the marketing benefits of the EU’s Alternative Investment Fund Managers Directive (AIFMD)
- Can be structured as an ICAV, ILP, Unit Trust, CCF
The following structures cater for tax, investment or client needs
Irish Collective Asset-Management Vehicle (ICAV)
- Corporate vehicle that sits alongside plc
- Can be both UCITS (liquid) and AIF (illiquid)
- Non-Irish funds can migrate to Ireland and become an ICAV
Investment Limited Partnership (ILP)
- Ireland-based General Partner in agreement with global Limited Partner investors
- Structure recently refreshed with enhancements from areas to AML to AIFMD compatibility
Common Contractual Funds (CCFs) / Unit Trusts / Variable Capital Companies (VCCs)
- Varying tax capabilities
- Cater to a range of risk allocation, investment strategy or client needs
The 1907 Limited Partnership
- Unregulated private equity structure
BBH Alternative Fund Services
We provide administration, depositary and investor servicing to a range of regulated collective investment schemes offering illiquid and liquid asset classes and strategies, from real assets, private equity and private debt, to syndicated loans, hedge, and hybrid funds.
Our dedicated Regulatory and Distribution Intelligence experts help you to navigate international jurisdictions and take the best strategic approach to growing your alternatives business.
We are available to talk to you about getting the most out of Ireland’s powerful regulatory toolkit. Contact us today to find out more.
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