When offering your fund to private investors who have opted-out to become professional investors (e.g. high-net-worth individuals and private investment structures created for them, small family offices where family is involved in the decision making) you are required to appoint a Swiss representative.
The representative is an appointment that is done by the Fund. The appointment of a Paying Agent, which must be a Swiss bank, is also required. This is generally organized by the Swiss representative.
