Private Fund |
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Fund Status:
A private fund is established according to the Securities and Exchange Act B.E. 2535. The management company is responsible for managing a private fund of a person or a body of persons (including a juristic person) who authorizes the company to invest in securities whether or not to invest in other assets. The management service shall be deemed as an ordinary course of business with fees and other charges in return. Hence, a private fund status changes according to the owner of the assets. That is, if the fund owner is a person, the fund status shall be a person. However, if the fund owner is a juristic person, the fund status shall be a juristic person. Property Right: The property right remains with the client. The assets are still under the client's name, but the management company is listed alongside to specify which company manages the client's assets. Fund Nationality: The nationality of the fund shall be according to the client's nationality. Tax duty: The tax rate shall be the same rate as when directly investing in such securities. |