Alternative Funds 2024 Comparisons

Last Updated October 17, 2024

Cayman Islands DO NOT USE

Law and Practice

1. General

1.1 General Overview of Jurisdiction

1.2 Key Trends

2. Funds

2.1 Types of Alternative Funds and Structures

2.2 Regulatory Regime for Funds

2.3 Disclosure/Reporting Requirements

2.4 Tax Regime for Funds

2.5 Loan Origination

2.6 Non-traditional Assets

2.7 Use of Subsidiaries for Investment Purposes

2.8 Local/Presence Requirements for Funds

2.9 Rules Concerning Service Providers

2.10 Anticipated Changes

3. Fund Managers

3.1 Origin of Promoters/Sponsors of Alternative Funds

3.2 Legal Structures Used by Managers

3.3 Regulatory Regime for Managers

3.4 Tax Regime for Managers

3.5 Rules Concerning Permanent Establishments

3.6 Taxation of Carried Interest

3.7 Outsourcing of Investment Functions/Business Operations

3.8 Local Substance Requirements

3.9 Change of Control

3.10 AI and Use of Data

3.11 Anticipated Changes

4. Investors

4.1 Types of Investors in Alternative Funds

4.2 Side Letters

4.3 Marketing of Alternative Funds to Investors

4.4 Rules Concerning Marketing of Alternative Funds

4.5 Compensation and Placement Agents

4.6 Tax Regime for Investors

4.7 Double Tax Treaties

4.8 Foreign Account Tax Compliance Act (FATCA)/Common Reporting Standard (CRS) Compliance Regime

Alternative Funds 2024 Comparisons

Law and Practice

1. General

1.1 General Overview of Jurisdiction

1.2 Key Trends

2. Funds

2.1 Types of Alternative Funds and Structures

2.2 Regulatory Regime for Funds

2.3 Disclosure/Reporting Requirements

2.4 Tax Regime for Funds

2.5 Loan Origination

2.6 Non-traditional Assets

2.7 Use of Subsidiaries for Investment Purposes

2.8 Local/Presence Requirements for Funds

2.9 Rules Concerning Service Providers

2.10 Anticipated Changes

3. Fund Managers

3.1 Origin of Promoters/Sponsors of Alternative Funds

3.2 Legal Structures Used by Managers

3.3 Regulatory Regime for Managers

3.4 Tax Regime for Managers

3.5 Rules Concerning Permanent Establishments

3.6 Taxation of Carried Interest

3.7 Outsourcing of Investment Functions/Business Operations

3.8 Local Substance Requirements

3.9 Change of Control

3.10 AI and Use of Data

3.11 Anticipated Changes

4. Investors

4.1 Types of Investors in Alternative Funds

4.2 Side Letters

4.3 Marketing of Alternative Funds to Investors

4.4 Rules Concerning Marketing of Alternative Funds

4.5 Compensation and Placement Agents

4.6 Tax Regime for Investors

4.7 Double Tax Treaties

4.8 Foreign Account Tax Compliance Act (FATCA)/Common Reporting Standard (CRS) Compliance Regime

4.9 Anti-Money Laundering (AML) and Know Your Customer (KYC) Regime

4.10 Data Security and Privacy for Investors

4.11 Anticipated Changes

Law and Practice in Cayman Islands DO NOT USE

Author(s)