The provisions relating to professional CISs applies to CISs offering their shares solely to sophisticated investors, or those CISs offering their shares as private placements. Moreover, the provisions also apply to closed-end funds which are not reporting issuers or to those CISs that the Commission classifies by rules as professional CISs. The professional CISs are exempted from several provisions of the Securities Regulations provided the shares acquired by the participants shall not be resold to the public and the participants are advised of this restriction at the moment of subscription or the CIS is not listed for trading on a securities exchange.

Key Features

Mauritius Professional 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

No

  • 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.