Mauritius Closed-end Fund (More than 1 fund) License 

The processing fee is RS. 25,000 which included the first fund and Rs. 5,000 for each additional fund. The annual fee is Rs. 75,000 which includes the first fund and Rs. 10,000 for each additional fund. The legal documents required for the various structures of the CEF include:

If CEF is an Individual If the CEF is structure as a CompanyIf the CEF is structured as a TrustIf  CEF is structured as a Limited PartnershipIf CEF is structured as a FoundationIf CEF forms part of a Master feeder If CEF is a Multi-class Share Structure
CV detailsCopy of constitution dated signed accompanied by a legal certificate and certified copy of Certificate of IncorporationCertified copy of the Trust Deed. Name of the Trust, its date and place of registrationCertified copy of the Limited Partnership AgreementCertified copy of the CharterFull Customer Due Diligence on the Master/Feeder fund.An indication of the number of sub-funds/share classes to be set up initially
Valid passport copyCertified copied of statutory documents lodged with the registrar of companies with respect to the incorporation of the CISDetails of the trustees to include submission of full Customer Due Diligence (CDD) on settlor/contributor trustee and beneficiaries or confirmation from the management company.Details of the General partner to include full Customer Due DiligenceDetails of Council MembersOffer document of the feeder fund disclosing to investors that their investment will be routed through a Master fundDetails on the first sub-funds/share-class to be created
Proof of address e.g. a recent utility billList of controlling shareholders and directorsDetails of the settlor including submission of full Customer Due DiligenceLatest audited financial statements of the Limited Partnership and it’s General PartnerDetails of the founder accompanied by Customer Due DiligenceAn indication of the percentage corpus of the feeder fund that will be invested in the Master FundConfirmation that no sub-fund/share-class will be created unless prior approval of the Commission is secured.
Recent Bank referenceLatest audited financial statements or Corporate ProfileCorporate profile if latest audited accounts are not available.