Fully Regulated Collective Investment Schemes (Global CIS), which are mainly offered to the public, are Collective Investment Schemes that do not fall within any of the exemptions applicable to Professional, Specialized and Expert Collective Investment Schemes as set out below and generally do not hold a Global Business licence. All of the Regulations and none of the exemptions apply to such Fully Regulated CIS.

Key Features

Mauritius Fully Regulated 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

5% of Investors amount

  • 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.