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Investing and Operating in EU (with domicile in Delaware)

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Dec 14, 2023

What are the requirements for European GPs opening a fund in Europe, even with domicile of fund in Delaware? Is there a need for a specific license to operate and invest in the EU?

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European GPs (General Partners) looking to fundraise in Europe, even with the domicile of the fund in Delaware, face a complex regulatory environment. When pitching EU limited partners before the fund is launched, manager must adhere to ...

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For Canada Domicile, there has been a lot of movement towards alberta (lower tax rates to start) - any thoughts on this differing from Ontario? (ie. some are newly dubbing alberta 'delware of the north' - true?)

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Nov 10, 2023

Here are a few articles to review that have popped up in the last month: 1) https://www.theglobeandmail.com/business/commentary/article-albertas-aim-to-be-delaware-north-deserves-more-attention-from-canadas/?rel=premium 2) https://www.canadianla...

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Ontario is an internationally recognized domicile. Alberta, BC and Quebec may make sense if all LPs and investments are from that region. Otherwise, Ontario is the recommended domicile because it's a hub. This means that there is a good ...

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Mike had said there are 5 legal entities in domiciling in Toronto, Canada - what are they and why 2 extra then normal?

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Community Member
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Nov 10, 2023

3 legal entitities of a venture capital firm venture capital firm typically consists of three legal entities:1. The Management Company (ManCo) - This is the enduring entity across all funds and is owned by the fund managers. It typically employs ...

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See the diagram below: [Canada Cornerstone Structure.png]

 -  Mike Suprovici
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Most investments are in USD, so use USD. Use CAD if you are primarily planning to invest in CAD in Canadian startups, raising primarily from Canadian LPs.

 -  Adeo Ressi
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Relevancy of the location/domicile for a VC fund

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Jul 19, 2023

How relevant is the domicile when building a Vc fund? Are there countries to avoid? Where will the domicile impact?

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The Domicile of the fund is absolutely critical. It affects a number of factors such as operational costs, tax, investments, limited partners etc.. Read the following articles: Domicile Report https://govclab.com/2021/09/25/venture-cap...