Different rounds of investment

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A set of accounts must be maintained, and a Tax Return submitted in respect of each Cell. Further, each Cell must be clearly identifiable as a Cell, and any transacting party must be made aware that they are dealing with a Cell of a PCC.

A PCC may be a good option for those seeking to create several Isle of Man Exempt Funds in a cost efficient manner. This can be for many different reasons, such as:

Investing into different economic trade areas
Structuring the Cells to mature at different dates
Investing into different or ringfenced asset classes
Segregating projects e.g. Real Estate development etc.
Whether the Promoter prefers the Limited Partnership or PCC, they will require legal jamaica mobile database services to draft important constitutional contracts, which will often be tailored to the structure the Promoter required e.g. will the Isle of Man Exempt Fund be an open or closed ended arrangement? Any particular operational requirements or objectives they want to make provision for etc.

This documentation can include, where appropriate, a modified Articles of Association or Partnership Agreement, Service Agreements between the fund administrator and the Promoter, Agreements between the Investment Manager and administrator, notices or declarations etc. All of which have cost implications for the Promoter to bear in mind – we consider costs later.

Dixcart work with legal experts to ensure all constitutional documentation is appropriate, compliant and fit for purpose. This drafting provides the bedrock for not only our relationship with the parties involved, but also delivers certainty and stability to the arrangement.