Fund

Over the years, Mauritius is now well known as a leading regional financial centre for Global fund structuring and administration for targeted investments mainly in Indian, Asian, Middle East and African countries.

A Fund is one where the company’s business consists of investing its funds mainly in securities with the aim of spreading investment risks and giving members of the company the benefit of the results of the management of its funds.  Although registered under the Companies Act 2001 and licensed as a Category 1 Global Business Company under the Financial Services Act 2007, the fund is regulated under the Securities Act 2005 as amended in 2007.

Main Features:

• Can be an open-ended or close-ended company
• Qualified to be Mauritian tax resident and thus may take advantage of the benefits under tax treaty network
• Taxable at concessionary income rate: maximum of 3% and are exempt from capital gains
• No withholding tax on payment of dividends, interests and royalties