Offshore IBC for mutual funds / Forex Trading now in Seychelles or what?

**bizman** · 03-04-2010, 08:36 AM

Now read and learn, the differences are pretty clear and can be narrowed down to, that a Forex Trading company trade with "forex" currencies while with a Mutual Fund you are selling shares of the funds for investments. Now a Offshore IBC is just a simple company or business as you like, ofcourse you can sell the shares in the company but I believe no one will buy them unless you have a huge business, more important, you can't do investments on behalf of other investors with a regular IBC nor are you allowed to do any Forex Trading..

An open-end mutual fund has an unlimited number of shares. You can buy these shares through either the mutual fund company or your broker. The Securities and Exchange Commission (SEC) requires that each mutual fund company calculate the NAV (net asset value) of each fund every day at the close of business.

A closed-end mutual fund is a hybrid: part mutual fund and part stock. A closed-end mutual fund is a publicly traded investment company with a limited number of shares. According to the Investment Company Institute (ICI), in August 2004, the combined assets of the nation’s closedend funds were over $232 billion. As of June 30, 2004, there were 604 closed-end funds.

The total of number of June 2004 closed-end funds can generally be divided into two categories. Bond closed-end funds totaled 458, and equity closed-end funds totaled 146. Specifically, closed fund types include closed-end stock funds (investments in common and preferred stocks), closed-end bond funds (investments in a range of bonds), closed-end convertible bond funds (with portfolios of bonds that can be converted to common stocks), closed-end single country funds (specialize in stocks from one country or geographical region), and so on.

One of the things to keep in mind when you purchase a closed-end fund is that the investment company doesn’t stand ready to redeem its own shares from shareholders, and it rarely issues new shares beyond its initial offering. That’s why it’s a closed fund. You can buy or sell these shares only through a broker on the major stock exchanges. The value of these shares isn’t calculated by using the NAV methodology. Instead, shares are valued by using a method similar to bonds and are traded at either a discount or a premium. Market prices of publicly traded closed-end mutual fund shares are published daily. The Closed-End Fund Center, located at CEFA - Closed-End Fund Association, is sponsored by the national trade association of the closed-end fund industry. This Web site offers detailed investor education, a portfolio tracker, and data about specific closed-end funds.

**SysOp** · 03-04-2010, 08:40 AM

Even if bizman has outlined things very good, thank you, I find it useful if you are looking into this thread IGTFX technical analysis USD PLN and AUD NZD what the thread starters are posting there are form the Forex market...

**drillbill** · 03-08-2010, 03:59 PM

Anyone made a conclusion out of this thread? I did, you will want to register for a Mutual Fund Offshore IBC in the Seychelles to accessing the Forex market, Cyprus sure, for branding and the better looking of your business it an option but you will need 1 million euro to get started, with the Seychelles Mutual Fund you can get started as less as 60k euro.

**Admin** · 03-08-2010, 09:48 PM

If you are looking into Forex Trading business and you will want to make everything legit a mutual fund in the Seychelles or a Forex Trading license in Cyprus is the way to go thats for sure.

**surender** · 03-09-2010, 03:04 PM

Originally Posted by drillbill

Anyone made a conclusion out of this thread? I did, you will want to register for a Mutual Fund Offshore IBC in the Seychelles to accessing the Forex market, Cyprus sure, for branding and the better looking of your business it an option but you will need 1 million euro to get started, with the Seychelles Mutual Fund you can get started as less as 60k euro.

The conclusion may be that it depends on which business you are into, if it is Forex Trading on a large scal you will need to register for a Mutual Fund in the Seychelles or as mentioned Cyprus, if it is private investments or a small group of investors it may be the Seychelles CSL company, thats what I know now

**blueweb** · 03-10-2010, 06:24 AM

Does anyone actually is in the process to register a Mutual Fund for the purpose of Forex Trading in the Seychelles? Just wondering...

**Safa** · 03-10-2010, 06:33 AM

Thank you all, I think I got the picture, a lot of good information is available here..

**Admin** · 03-10-2010, 11:21 AM

Don't forget you will need to register a offshore company before you can get started, this has to be in the Seychelles.

**Admin** · 06-19-2010, 10:12 AM

For ones general interest we have just released new information in regards to the Seychelles Mutual Fund which can be found on our blog: How To Set Up a Private Fund in Seychelles - Blogs - Offshore Company Forum

**claudioforex** · 05-02-2011, 05:18 PM

In case we want to act as forex account manager for third party, do we need a license in seychelles?

As "account manager" I mean that the customer would keep their forex account at their own name and only provide the right to the account manager to trade their account, but in no case to withdraw any money. Seychelle company would then only recover the commissions and performance fee agreed with customers.

In such case is there any need for a license?

**Admin** · 05-04-2011, 09:06 AM

In case we want to act as forex account manager for third party, do we need a license in seychelles?

There is actually no license to apply for but rather you need a Mutual Fund or Private Interest Foundation to be compliant with local laws in the Seychelles with such activity.

As "account manager" I mean that the customer would keep their forex account at their own name and only provide the right to the account manager to trade their account, but in no case to withdraw any money. Seychelle company would then only recover the commissions and performance fee agreed with customers.

I assume no one will be able to see that you login to their account so therefore no one can have any problems with it, so the answer is, yes a Seychelles company will do the job.