Instruments of saving and investing capital: Personal Funds and Closed-End Investment Funds (CEIFs)

On March 19, 2025, the SPIBA Legal Committee held a webinar on “Instruments of saving and investing capital: Personal Funds and Closed-End Investment Funds (CEIFs)”. It was organized and moderated by Julia Talagaeva, Senior Associate at Forte Tax & Law.

Among the speakers were representatives of key law firms, banks, and management companies. Colleagues exchanged views on the prospects of using such modern and safe investment instruments as personal funds and CEIFs. They also discussed special considerations related to their taxation.

Natalia Vorobyeva, Senior Associate at Forte Tax & Law, presented three cases that clearly illustrated the tax issues related to the establishment and operation of a CEIF.

“Today, CEIFs and personal funds are one of the most sought-after instruments for saving and augmenting capital. Their popularity is growing geometrically. This is because they can solve a wide range of problems—from ensuring confidentiality (which is particularly important in the face of sanctions) to minimizing taxes, estate planning, and protecting assets from division or hostile takeover,” Julia commented.

 

If you would like to learn more about personal funds and CEIFs, please send an email to Natalia Vorobyeva or Julia Talagaeva.