Mauritius Funds and Collective Investment Schemes
The availability of fully-fledged Fund administration services along with its credibility and reliability of being an international financial services centre has made Mauritius the desired place chosen by worldwide investors for the establishment of Funds to invest in evolving markets.
Funds are licensed by the Financial Services Commission (FSC) under the provisions of the Financial Services Act 2007 and Securities Act 2005 and are incorporated under the Companies Act 2001 of Mauritius.
A fund in Mauritius is regulated as a collective investment scheme or a closed-ended fund. Funds usually invest in a wide range of investment products, including portfolio or fixed income securities and venture capital.
Protected Cell Companies (PCC's) are commonly used since it allows the segregation of assets and related liabilities within a company into cells. It confines the claim of a creditor against assets of the cell it has contracted with. Consequently the excess liabilities of a sub-fund cannot be set-off against the assets of the entire company.
The Titan team is here to guide you through the whole process of the fund set up, structuring, administration, accounting and compliance issues such as:
- Counsel on the business model and type of licence to seek for based on the client’s intent.
- Structuring of investment fund vehicles, preparation of application to the FSC for the formation and licensing of collective investment schemes (CIS), hedge funds, private equity funds and property funds.
- Day-to-day transaction processing and administration including the Net Asset Value calculation, accounting and annual reports.
- Provision of statutory corporate services to funds including the provision of local directors and maintenance of share register.
- Ensure that all the necessary filings with the authorities are executed on a timely manner.