Mauritius provides a regulated environment for collective investment and private capital vehicles serving international investors. Fund structures can be tailored to asset class, liquidity, investor eligibility and governance needs.
Funds are regulated by the FSC under the Securities Act 2005 and the Securities (Collective Investment Schemes and Closed-End Funds) Regulations 2008. Main categories include Collective Investment Schemes (typically offering redemption features) and Closed-End Funds (typically longer-term capital commitments). Available categories include retail/global schemes, expert funds, professional schemes and specialised schemes subject to specific eligibility and authorisation rules.
Fund strategy and business plan; offering memorandum or private placement documentation; constitution or partnership documents; investor eligibility and subscription arrangements; FSC application and category-specific approval; fit-and-proper directors and controllers; appropriate manager, administrator, custodian and auditor as required; AML/CFT procedures, valuation, conflicts and risk policies; ongoing financial and regulatory reporting.
Access to a recognised regulatory framework; choice of open-ended or closed-ended strategies; support for private equity, venture capital, real estate and other eligible investments; flexible multi-fund structuring; potential tax treatment for qualifying fund income, subject to substance and other conditions.
The tax treatment of fund income, investors and distributions must be reviewed separately. Partial exemption may apply to prescribed income subject to statutory conditions. Marketing funds into other countries may require registrations, private-placement compliance or other approvals; a Mauritius licence does not confer automatic global distribution rights.
Asset managers, family offices, private equity sponsors, investment advisers and institutional promoters seeking a compliant international fund platform.
Depending on objectives, funds may use companies, trusts, limited partnerships, PCCs or Variable Capital Companies (VCCs). A VCC can operate sub-funds and special-purpose vehicles with statutory segregation and, subject to approval, separate legal personality for sub-entities.