Regarding the L-QIF, I asked him and he said that this format is expected in Switzerland for mid 2023, but cannot be managed under the "de minimis". So it will be more a solution for pension funds and not for EAMs.
FO:
"we would like to get in touch with FINMA and assess the likelihood of Oyat Advisors receiving authorization to manage a collective investment scheme"
1741:
Given the most current FINMA practice, it will be important to highlight the following:
The portfolio that shall be managed in the fund does not differ substantially from the portfolios you are allowed to manage in the individual accounts of your clients (same diversification, same instruments, same investment techniques, same custodian)
OYAT is not planning to distribute the fund on a larger scale
Benedikt / 15.02.2022
"From a withholding tax point of view, it will be advisable to ensure that the income generated from Swiss sources will be below 20%. In this case, all investors domiciled abroad would benefit from the possibility to receive distributions from the fund without paying any withholding tax (affidavit-procedure)."
Setup CHF 10k - Finma CHF 2-3k = GC CHF 3500 - 4000
Running 30 Bps - Audit 3-5 Bps = GC Approx. 12.5 Bps
Custodian & Brokerage e.g. ZKB 2 Bps & CHF 20k p.a. on top (no impact to GC)
VAT applies.