Fund Formation: Legal Advisory

A fund in the Gelephu Mindfulness City is regulated at three points at once: the vehicle, the manager and the offer, and each has its own rules. Basnet Law Pte. Ltd. advises sponsors and managers on establishing funds in GMC under the Financial Services Act 2025, the Fund Rulebook and the Limited Partnerships Act 2026, with the tax position under the Income Tax Act 2025 planned alongside.

Determining whether your structure is a Collective Investment Fund under the Financial Services Act 2025, and whether it is a Public Fund, an Exempt Fund or a Qualified Investor Fund.

Advising on licensing the manager for Managing a Collective Investment Fund and, where relevant, for Managing Assets.

Advising on administrators and trustees of investment trusts, and drafting the trust deed.

Advising on Public Fund registration and the 14-day notification before an Exempt Fund or Qualified Investor Fund is first offered.

Advising on structuring limited partnership vehicles under the Limited Partnerships Act 2026.

Advising on the tax position under the Income Tax Act 2025, including the fund exemptions.

Asset managers launching a first GMC fund or relocating an existing strategy. Venture capital and private equity sponsors structuring closed-ended vehicles. Family offices setting up private investment funds. Administrators and trustees seeking a GMC permission.