Gibraltar accommodates a range of fund strategies, including private equity, venture capital, hedge and alternative investments.
In practice, two structures are used most frequently:
Private Funds
Typically used where the investor group is defined and capital is raised within a closed network. They offer flexibility and speed, but still require clear governance and proper administration.
Experienced Investor Funds (EIFs)
Gibraltar’s primary regulated fund structure, designed for professional or experienced investors. EIFs require authorised directors, a licensed administrator and audited accounts, and are suited to structures that require a higher level of regulatory oversight.
The choice between the two depends on the investor base and the level of formality required.
The administrator is central to how a fund operates on a day-to-day basis.
This typically includes:
In regulated structures, the appointment of an administrator is mandatory. More broadly, it is the function that ensures the fund remains operationally sound and compliant.
Acquarius provides this support with direct senior involvement, ensuring continuity across the lifecycle of the structure.
Gibraltar funds operate within a framework that emphasises clear roles, board accountability and ongoing compliance.
For EIFs, this includes:
Private Funds, while not authorised, are still expected to demonstrate comparable standards of governance to remain credible.
In both cases, the effectiveness of the structure depends less on its design and more on how it is administered in practice.
Acquarius works with advisers to ensure governance is applied consistently and properly evidenced over time.
Gibraltar operates a territorial system of taxation.
For funds, this typically results in:
Investment income is generally not taxed at the fund level, although treatment depends on management and control, investor jurisdiction and underlying assets.
These considerations should always be assessed alongside independent tax advice.
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Key Contacts
Oliver Andlaw
Managing Director
Gareth Cross
Chief Operating Officer
Laura Fuhr
Company Manager
Speak to us about a Gibraltar Fund
Talk to usWhat is the difference between a Private Fund and an EIF?
Private Funds are unregulated and limited to a defined group of investors. EIFs are regulated structures designed for professional investors and require formal governance and oversight.
Do Gibraltar funds require an administrator?
Yes. EIFs must appoint a licensed administrator. In practice, Private Funds also require administration to operate effectively.
How long does it take to establish a fund?
Typically four to eight weeks, depending on structure and documentation.
Are Gibraltar funds suitable for all strategies?
No. They are typically used where a proportionate, well-governed structure is required. Suitability depends on the investor base and overall structuring.
Can Acquarius work with existing advisors?
Yes. We work alongside legal, tax and investment advisers and do not replace existing relationships.
Acquarius Trust
Company Limited
+(350) 200 50418
Icom House, Suite 3,
2nd Floor 1/5 Irish Town,
PO Box 883
Gibraltar, GX11 1AA
Reg. N 64486
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