{{ languageVal }}
  • English

Analysis & Insights

New jurisdictions for fund redomiciliations added to the ICAV Act 2015 & Companies Act 2014

21 May 2019

The Minister for Finance recently signed regulations adding Bermuda and Guernsey to the list of "relevant jurisdictions" from which a foreign registered investment company can migrate inwards to Ireland and continue as an ICAV. These regulations also provide for reciprocal arrangements enabling Irish investment funds constituted as ICAVs to migrate outwards to Bermuda and Guernsey.

As a consequence of these amending regulations, the full list of "relevant jurisdictions" from and to which ICAV migration is now permitted includes:

  • British Virgin Islands;
  • Cayman Islands;
  • Jersey;
  • Bermuda; and
  • Guernsey.

The Minister for Finance also recently signed long awaited regulations that designate the jurisdictions listed above as relevant jurisdictions under corresponding provisions of the Companies Act 2014.

The Maples Group advised on the first fund redomiciled into Ireland as a QIAIF ICAV and the first fund redomiciled into Ireland as a UCITS ICAV.

Additionally, we practice the laws of the British Virgin Islands, the Cayman Islands and Jersey (i.e. 3 of the 5 migration jurisdictions) and can therefore advise on both the outward and inward sides of a corporate migration from any of those jurisdictions.

For further information, please liaise with your usual Maples Group contact.  

Related Services

Funds & Investment Management

Advising on the laws of the BVI, the Cayman Islands, Ireland, Jersey and Luxembourg, our global Funds & Investment Management team provides expert legal advice on every aspect of the life cycle of an investment fund including set up, management and investment across a broad range of fund structures and management entities.