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Legal costs
Asked by Jonathan Barton

What are the legal costs for setting up a single fund entity as a limited liability company (includingoffering and subscription documents) in an offshore location such as the Cayman Islands?

Answer By

Legal costs can vary greatly depending upon the location you choose for your fund, as well as the law firm you hire. To start a domestic fund, expect to pay anywhere from $15,000 to $150,000+ in legal fees to start up a fund. To set up a fund offshore (British Virgin Islands, Cayman Islands, etc.), expect to pay between as little as $50,000 to upwards of $400,000. With offshore funds, costs can vary greatly depending upon the ever-changing mix of local laws, taxes, and regulations.