A Collective Investment Scheme can apply to the FSC to be authorized as an Expert Fund based on the condition that the scheme is only available to expert investors. The Regulations define an “expert investor” as either (i) an investor that makes minimum initial investment for his own account in an amount of not less than USD 100,000 or (ii) a Sophisticated Investor as defined by the Act. The investment manager of an Expert Fund either needs to hold a Collective Investment Scheme Managers Licence or must hold a licence issued by a regulator in a jurisdiction having comparable regulation as Mauritius for investor protection.

Key Features

Mauritius Expert CIS

Corporate Details

General

  • Type of Entity

CIS

  • Type of Law

English Common Law

  • Registered Office in Mauritius

Yes

  • Other Local Service Providers

Yes

  • Our time to obtain licence

3 Weeks

  • Corporate Taxation

No

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

Any

  • Minimum Subscription

US$ 100,000

  • Minimum Investors

No

Directors

  • Minimum number

2

  • Local required

No

  • Corporate directorship allowed

Yes

Service Providers

  • Custodian

Yes

  • Fund Manager/Investment Manger

Yes

  • Fund administrator

Yes

  • Auditors

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

Advantages

  1. There is no withholding tax on dividends payable to foreign individual and institutional investors in Mauritius;
  2. Dividends received by a Mauritian resident institutional investor are exempt from tax in Mauritius;
  3. No tax is imposed on capital gains, except on transactions in land and immoveable property;
  4. Any securities held for more than six months are considered as capital gains and are not taxable in Mauritius.

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.