Guernsey as a Jurisdiction for Establishing Middle East and Islamic Funds
In recent years Guernsey has seen an increase in Shariah-compliant investment funds.
Guernsey has become an attractive jurisdiction for Middle East and Islamic investment business because of:
a.) Regulation - Guernsey is a well-regulated jurisdiction and does not offer unregulated funds structures, which means that it generally one of the best regarded jurisdictions for governance;
b.) Service providers - Guernsey has high quality service providers, who are able to provide legal, accounting, valuation, registrar, company secretarial and audit services for the structuring, launch and ongoing administration of funds with a Middle East and/or Islamic focus.
c.) Structural flexibility - Guernsey funds structures range from companies (including protected cell companies) to unit trusts and limited partnerships, providing a number of options for Middle East and Islamic clients to structure their product to suit its needs and to take advantage of efficiencies, such as those provided in respect of protected cell companies
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