Услуги по структурированию инвестиционных фондов
Разработайте оптимальную структуру фонда с учётом инвестиционных целей, типа инвесторов и налоговой эффективности.
Наши специалисты по структурированию фондов разрабатывают оптимальные фондовые структуры, соответствующие вашей инвестиционной стратегии и требованиям инвесторов.
Mauritius Fund Structures
Expert Fund
The Expert Fund is the most commonly used vehicle for institutional and sophisticated investor-focused strategies. It is available only to 'expert investors' (individuals or entities with a minimum initial investment of USD 100,000 or equivalent). Expert Funds require FSC notification rather than full authorisation, benefit from a lighter regulatory touch, and can be structured as open or closed-ended vehicles. Launch is typically achievable within four to eight weeks.
Authorised Collective Investment Scheme (CIS)
A fully FSC-authorised CIS is required where the fund will be publicly offered or marketed to retail investors. Authorised CIS vehicles face more stringent requirements including mandatory external management, independent custodian, and full prospectus disclosure. They are structured as either open-ended (with redemption rights) or closed-ended (listed or unlisted).
Specialised Collective Investment Scheme (SCIS)
The SCIS is designed for sophisticated investment strategies including property, infrastructure, private equity and real estate. It requires FSC authorisation and must comply with the FSC's CIS (Specialised) Rules, but benefits from greater flexibility in structuring and leverage compared to a standard Authorised CIS.
Global Scheme
A Global Scheme is a foreign fund that obtains a certificate from the FSC to be promoted or offered in Mauritius. This is the appropriate pathway for foreign managers wishing to access Mauritius-domiciled investors without establishing a new Mauritius fund vehicle.
Limited Partnership (LP)
Mauritius introduced modern Limited Partnership legislation under the Limited Partnerships Act 2011. LPs are commonly used as fund vehicles for private equity and venture capital strategies, offering the familiar LP/GP structure known to international institutional investors and providing favourable pass-through tax treatment.
Variable Capital Company (VCC)
The Variable Capital Company (VCC) structure, modelled on Singapore's VCC, allows multiple sub-funds to be housed within a single legal entity with segregated assets and liabilities, separate financial statements for each sub-fund, and umbrella-level governance. It is well-suited to multi-strategy or multi-manager platforms.
Fund Structuring and Launch Process
Strategy and Structure Assessment
We assess the investment strategy, target investors, target markets, AUM target and timeline, and recommend the most appropriate Mauritius fund vehicle, legal form and regulatory pathway.
Service Provider Assembly
We assist in assembling the full service provider team — fund manager/GP, custodian, auditor, legal counsel, fund administrator and prime broker (if applicable) — and coordinate the appointment and mandate documentation for each.
Constitutional Document Drafting
We coordinate the drafting of the fund's constitutive documents — offering document/prospectus, articles of association or limited partnership agreement, subscription documents and investment management agreement — with specialist fund legal counsel.
FSC Application
We prepare and submit the FSC licence or notification application, including all required supporting documents, business plan, service provider confirmations, fit and proper documentation for key persons, and the completed FSC forms.
FSC Review and Approval
The FSC reviews the application and may raise queries or request additional information. We manage this dialogue and work with the manager's legal team to address any FSC requirements. Expert Fund notifications are typically processed in two to four weeks; full CIS authorisations take eight to sixteen weeks.
Operational Launch
Following FSC approval, we manage the operational launch — company registration with the Registrar of Companies, bank account opening, administration system setup, investor onboarding infrastructure and first close coordination.
Key Requirements for FSC Fund Licencing
- Licensed fund manager (Mauritius CIS Manager licence or equivalently regulated foreign manager)
- Independent custodian appointed for Authorised CIS and SCIS structures
- Licensed fund administrator appointed
- Approved auditor from FSC's list of approved auditors
- Fit and proper documentation for key persons (CEO, CIO, directors)
- Offering document or prospectus reviewed by FSC-approved legal counsel
- Anti-money laundering (AML) programme in place
- Minimum USD 100,000 initial investment per investor for Expert Funds
- Mauritius-registered office and at least one Mauritius-resident director