Asset management / hedge funds · 2025-08-22 · Anonymised case study

UK Hedge-Fund Founder Exits Non-Dom Regime via BVI + ADGM SPV

London hedge-fund founder, GBP 410M AUM, GBP 38M personal wealth. April 2025 non-dom abolition under Finance Act 2024 + FIG four-year transition. Modelled ongoing UK tax exposure: ~GBP 14M annually (vs GBP 200k-400k pre). Introduced by Lincoln's Inn tax silk. Three-layer structure: BVI BC (personal portfolio + ManCo founder equity), ADGM SPV (CIO services to London ManCo with QFZP analysis), UAE personal residency (Golden Visa investor). Kensington property deliberately not unwound. 11-week execution: SRT day-count planning under Schedule 45 FA 2013 (<16 UK days), BVI BC + ADGM SPV incorporations, Golden Visa investor route, UK exit administration, ADGM first management invoice with TP memorandum under Article 34 FDL 47/2022. UAE TRC issued at 183 days.

All client details have been anonymised. Industry sector, asset perimeter, regulator interactions and structural patterns are accurate to the matter as executed. Specific figures may have been rounded or generalised to protect client confidentiality.