Filing requirements for a UK investor in a US based startup
One of our investors resides in the UK. We of course will file a Form D and make any pertinent blue sky filings for our US investors. But do we need to comply with any UK laws and what laws or exemptions under those laws would apply and would we be required to make any filings in the UK because of the location of this investor. Does anyone have experience with investors from the UK that can assist?
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Hi. My firm handles the corporate and securities work for both domestic and foreign equity offerings. So long as you have otherwise met the requirements for the Regulation D Safe Harbor (e.g., 1) an adequate disclosure document, 2) accredited investors only, 3) and obtaining appropriate investor representations) you have met your obligations. Blue Sky requirements only pertain to US residents. I am assuming your Company is not otherwise subject to UK jurisdiction.
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Mr. Turner's reply wasn't really responsive. You need a UK lawyer to advise you on that. In general, UK law is functionally similar to US law regarding registration requirements and exemptions but the 'devil is in the details". I can provide references to UK counsel if you wish.
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Sorry, wasn't signed in when I posted reply. neil@nijlaw.com to contact.