Jurisdiction maps
The four jurisdictions classify funds along different axes. Cayman and the BVI focus heavily on open-ended versus closed-ended characteristics and the investor base. Hong Kong overlays the public-offer regime with the OFC vehicle. Singapore requires separate analysis of the VCC vehicle, the manager's licence and the CIS offering route.
| Jurisdiction | First question | Main authorities | Typical portals |
|---|---|---|---|
| Cayman Islands | Are interests redeemable at the investor's option, or is this a private fund? | CIMA, DITC, Registrar | REEFS, DITC Portal |
| Hong Kong | Is there a public offer, and is the vehicle an OFC? | SFC, Companies Registry, IRD | SFC e-IP, CR e-Services, AEOI Portal |
| BVI | What is the open-ended investor category, or is the closed-ended vehicle a PIF? | FSC, Registrar, international tax authority | VIRRGIN, FSC Returns |
| Singapore | Is the vehicle a VCC, who manages it, and how is it offered? | MAS, ACRA, IRAS | VCC Portal, OPERA, myTax Portal |
Each map covers the regulatory system, fund types, formation, service providers and governance, valuation and NAV, audit, AML/CFT/CPF, FATCA/CRS and ongoing filings.