represents a top destination for the investors who want to establish an investment fund
in Europe. However, it is necessary to know that the country is not a member state of the European Union and, thus, the legislation applicable here for fund domiciliation
does not follow the Community’s directives. One of the ways in which an investor can establish a fund here is through an investment company with variable capital (SICAV)
. In order to incorporate a SICAV
, the businessmen will have to meet several requirements and our team of Swiss lawyers
can assist in this procedure.
SICAV, an open-ended retail fund in Switzerland
Foreign investors who want to establish a business in Switzerland
can invest in a SICAV
, which falls under the category of open-ended retail funds
, signifying that the future company will not be limited to the issuance of a certain amount of shares.
In order to register a SICAV
or another type of fund in Switzerland
, the investor will need an approval from the Swiss Financial Market Supervisory Authority (FINMA)
provides the regulatory framework for the activity of funds in Switzerland
and it is also the main body which authorizes these legal entities. It is important to know that a SICAV in Switzerland
can be structured as an umbrella fund
, which refers to the creation of various sub-funds within the main fund
that can have different investment strategies
. An important aspect in this situation is that each particular sub-fund
will need an approval from FINMA
in order to carry its investment policies
; our team of Swiss attorneys
can offer assistance on the legislation referring to umbrella-funds
Why register a SICAV in Switzerland?
are incorporated in order to provide collective capital investment schemes
. A Swiss SICAV
can be managed by its founders or it can also be coordinated by a fund management company
The assets of the fund have to be maintained by a custodian bank which has to respect the following:
• be a Swiss bank;
• received an authorization from FINMA.
Businessmen interested in receiving more details on the registration of a SICAV in Switzerland
can address to our Swiss law firm
for legal assistance.