What We Offer
End-to-end company management and fiduciary solutions, built around your structure.
Whether you are protecting wealth, launching a fund or managing an existing offshore structure, we provide every service you need in one place. Our team handles the full lifecycle of your entities, from formation through to administration, compliance and, when the time comes, dissolution.
What We Offer
Select a service to learn more.
Legal Entity Formation
Company and entity formation across the BVI, Cayman Islands, Nevis and the Bahamas, managed from start to finish.
Trust and Fiduciary Services
Professional trustee services and complete trust administration, from establishment through to ongoing management.
Investment Business
Full support for investment managers, fund operators and advisors establishing and operating within the BVI regulatory framework.
Corporate Administration
Ongoing administrative support for companies, trusts and partnerships, so your structures stay compliant and your records stay current
Regulatory and Compliance
AML/CFT, economic substance, FATCA/CRS and regulated business licenses. Your compliance obligations, managed with precision.
Dissolution and Accounting
Proper wind-down of structures that have served their purpose, alongside accounting and bookkeeping services for client entities.
Setting up the right entity in the right jurisdiction is the foundation of any sound offshore structure. We advise on the most appropriate vehicle for your objectives and manage the entire formation process on your behalf, from the initial advice through to incorporation and post-formation requirements.
What is included
• Company incorporation
• Registered Agent and Registered Office
• Individual and corporate directors
• Corporate Shareholder
• Corporate Secretary
• Bookkeeping and preparation of financial statements
• Office space provision
• Liquidation services
Who this is for
Individuals and families establishing holding structures for investments, property or assets. Business owners requiring an offshore entity for operational or structuring purposes. Fund managers and investment professionals setting up a vehicle for a specific mandate.
A trust is one of the most powerful structures available for wealth protection, estate planning and succession. Its effectiveness depends entirely on the quality of the trustee. SOMASI provides professional trustee services built on over 20 years of trust administration experience, delivered personally and with complete accountability.
We also offer individual and corporate directorship services for holding companies, investment business entities, fintech and crypto entities, and special purpose vehicles.
What is included
• Creation and administration of various forms of BVI trusts
• Professional Trustee service
• Trust accounting
• Incorporation of Private Trust Companies
• Individual and corporate directorship services
• Independent professional directors for holding companies, investment business, fintech and special purpose vehicles
Who this is for:
Individuals and families seeking to protect and transfer wealth across generations. Clients requiring a licensed, professional trustee. International clients with complex, multi-jurisdictional estate planning requirements. Companies requiring a professional director on the ground in the BVI.
Once an entity has been established, from time to time there are various administrative tasks that become necessary. These may range from statutory filings required for regulatory compliance, to standard record keeping and document preparation for corporate transactions. SOMASI offers a range of post-setup administrative support services for companies, trusts, investment business entities and limited partnerships, skillfully administering your structure to ensure it is fully compliant and operates efficiently.
What is included
Who this is for
Clients with existing BVI or Caribbean entities who require a professional administrator to manage ongoing compliance. International
need consistent operational support. Any client who needs their entities maintained properly without managing the process themselves.
The BVI is the second largest offshore jurisdiction globally for hedge fund formation. The legislative framework facilitates a variety of investment structures, from simple start-up funds to more sophisticated professional funds. SOMASI provides comprehensive support to set up and launch your investment business entity, whether an investment fund, investment manager or advisor.
What is included
• Advise on structuring and formation of the entity
• Facilitate preparation of offering and constitutional documents and functionary agreements
• Incorporation of the investment entity
• Facilitate BVI Financial Services Commission (FSC) license applications for registration and approval of investment business entities.
• Director and Authorised Representative services
• Provide ongoing regulatory, compliance, and corporate governance support
Who this is for
Fund managers and investment professionals establishing a BVI-based operation. Asset managers seeking a licensed structure through which to manage client capital. Investment advisors requiring regulatory support and a professional presence in the BVI.
The regulatory landscape for offshore structures is demanding and constantly evolving. SOMASI assists clients in navigating the pathways of the regulatory landscape to ensure compliance with applicable regulations and mitigate reputational, regulatory, legal and financial risk. We manage obligations across AML/CFT, economic substance, FATCA/CRS and licensing requirements on behalf of our clients, staying current with regulatory developments and advising proactively on changes that affect their structures.
What is included (AML/CFT and Regulatory Compliance)
• Advice and guidance on regulatory obligations relating to trusts, investment business, company management and compliance
• Qualified professionals to act as Money Laundering Reporting Officer (MLRO)
• Drafting of bespoke Compliance and Procedures Manuals
• Acting as liaison with regulators, competent authorities, and other regulatory agencies
What is included (Economic Substance Services)
• Consultation regarding substance requirements
• Entity classification
• Application for Trade Licenses
• Independent office set-up and office management services
• Board support services including directorship and company secretarial services
What is included (Regulated Business Licenses)
• Advise clients on the process and requirements to obtain a license
• Facilitate license applications to the FSC on clients’ behalf and manage the entire application process
• Provide ongoing support to licensees and interact with the FSC on their behalf
Panel: What is included (FATCA and CRS Services)
• Consultation regarding FATCA and CRS obligations
• FATCA and CRS classifications
• Assist with BVI International Tax Authority (ITA) registration and ongoing reporting
• Liaison with BVI ITA where necessary
Who this is for
Companies and funds with ongoing regulatory obligations in the BVI or other Caribbean jurisdictions. Clients who have received regulatory notices or need to bring their structures into
compliance. Any operator who requires a professional compliance function without building one in-house.
When the purpose of a company has been fulfilled and it is no longer required, or if a structure needs to be wound up for any reason, SOMASI provides a full suite of liquidation services. We also offer accounting and bookkeeping services for client entities that require maintained financial records, whether for regulatory purposes, banking requirements or owner reporting.
What is included (Company Dissolution)
• Acting as liquidator
• Preparation of final accounts
• Handling BVI Registry filings and ensuring the liquidation process is handled smoothly, efficiently and in accordance with legal requirements
What is included (Accounting Services)
• Bookkeeping for BVI trusts, companies, and investment business entities
• Preparation of financial statements
• Assistance with the audit process
Who this is for
Clients whose offshore entities are no longer needed and require a clean, properly managed wind-down. Trustees and directors managing the conclusion of a trust or fund. Any client requiring accounting or bookkeeping services for their BVI or Caribbean entities.
Not sure which service fits your situation?
Get in touch and we will walk you through the options.