Collective Investment Schemes (CIS)

Different classifications for investment funds to be domiciled in Mauritius was introduced in 2008 under the regulation The Securities (collective investment schemes and closed-end funds) 2008. This regulation is to be read in conjunction with the Securities Act 2005.

This regulation facilitates the establishment of a variety of investment funds in Mauritius.

A CIS can be constituted as a private limited company or a public company or a protected cell company or a limited partnership. It can take the form of an stand-alone fund, umbrella fund, single-class, multi-class, fund of funds, PCC, master fund or feeder fund.

A CIS pooling investors from abroad with the intention of investing outside of Mauritius will be established as a Global Business Corporation (GBC) to then hold a CIS licence according to the fund’s investment objectives, strategy and other specifications.

The Offering Document

The offering document is the deed which delineates the investment thesis of the fund, identifies the strategy of investment and the terms thereto. It outlines the potential risk factors and summarises the key terms of the participating shares.

Disclosure & Reporting

The offering document is the deed which delineates the investment thesis of the fund, identifies the strategy of investment and the terms thereto. It outlines the potential risk factors and summarises the key terms of the participating shares.

Raising Capital

The offering document is the deed which delineates the investment thesis of the fund, identifies the strategy of investment and the terms thereto. It outlines the potential risk factors and summarises the key terms of the participating shares.

Tax Efficiency

Taxation is usually perceived as tantamount to an extra layer of difficulties. But when judiciously applied, the opportunity offered represents an added-value for domiciling your funds in Mauritius.

going offshore

Foreign Tax Credit

A CIS may claim credit for foreign tax rather than the 80% partial exemption if it has suffered withholding taxes above 12% of its foreign-sourced income.

Dual Deduction

Partial exemption and foreign tax credit can be claimed on unrelated securities within the same portfolio of a CIS. Hence the opportunity to further reduce the tax rate.

No Capital Gains Tax

The fund will not suffer any capital gains tax in Mauritius.

44 DTAAs

Avail to tax relief under 44 Double Taxation Avoidance Agreements.

No WHT

No withholding taxes deducted on distribution of securities in Mauritius.

In need of a CIS fund set up and administration?

The Fund Manager

It is essential, not only for the regulators, but from an operational and reputational aspects that a fund be managed by a fund manager that demonstrates relevant expertise, proficiency and experience in managing a licensed fund.

Therefore, a fund in Mauritius is required to appoint a Fund Manager recognised as such only if the fund manager holds a CIS Manager or an equivalent licence or an authorisation in Mauritius or another jurisdiction.

There are instances where companies holding a CIS licence are managed by its board of directors, this is then recognised as a self-managed CIS.

A holder of an investment adviser licence may also seek approval from the Financial Services Commission of Mauritius to be appointed as the CIS Manager of a CIS.

how can we help you?

Take advantage of a free consultation on the formation of an offshore company in Mauritius.

We wish to thank Blue Azurite for the strong support they have provided during our application process.

Private client
CEO

Very focused and responsive. The team at Blue Azurite made sure we were guided as per our business model. We were amazed by the level of professionalism and we are to looking forward to working with the team for many years to come.

Corporate client
Director

Thank you Blue Azurite. You have been very swift and your work ethics are second to none. Well done. Will definitely refer my friends.

Founder