Mauritius Fully Regulated CIS

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.