2. In which jurisdiction Fund and Syndicate will be registered?

Syndicates and VC Funds will be registered in Delaware, the USA.

Delaware is one of the most business-oriented States with multiple options for setting-up an investment vehicle. It also offers a business-friendly environment in the field of corporate law and corporate governance.

One of the key features of Delaware law is a possibility to establish Series LLC, which offers unique opportunities for the structuring of investment vehicles (see Question 3 and Question 4).

Furthermore, the cost of establishing and operating investment vehicles in Delaware is relatively cheaper and less time-consuming in comparison to other U.S. States.

Finally, Delaware is known for its tax regime that is favorable for fund managers and investors (see Question 9).

In case Delaware structures are not suitable for your business strategy, we will be glad to contact you and discuss other possible jurisdictions. In this case section ‘Pricing’ will not be relevant and fees will be discussed with you personally.