A mutual fund, incorporated or formed under the laws of the BVI, or otherwise carrying business from within the BVI, must be registered or recognized under SIBA as (a) Professional Fund; (b) Private Fund; or (c) Public Fund:
(a) Private
- No more than 50 investors;
- Private invitations only for subscriptions.
(b) Professional
- Professional or high net worth investors;
- Minimum investment of US$100,000.00 per investor.
(c) Public
- Neither Private nor Professional;
- Shares sold publicly.