FUNDS

MAURITIUS: THE PREMIER FUND DOMICILE

A glass globe resting on a financial chart beside stacked coins, at sunrise

Mauritius is a leading international fund jurisdiction, offering a transparent, well-regulated, and globally connected platform for cross-border investment. With a strong track record as a hub into Africa and a recognised route for investment into India, the jurisdiction combines structuring flexibility, investor protection, and operational efficiency.

Supported by an extensive treaty network, a competitive tax regime, and a robust legal framework, Mauritius provides fund promoters with a reliable and efficient environment to structure and manage international investments.

Flexible Fund Structures
A broad range of vehicles, including GBCs, LPs, Unit Trusts, PCCs and VCCs, suited to diverse investment strategies.
Robust Regulatory Framework
An internationally aligned and predictable regime under the Financial Services Commission.
Tax Efficiency
Competitive tax environment with partial exemptions, no capital gains tax, and efficient cross-border distributions.
Global Market Access
Extensive treaty network facilitating investment into Africa, Asia, and beyond.
Established Ecosystem
A mature network of experienced fund administrators, managers, and professional service providers.

Domiciliation
Management
Administration

Mauritius offers a comprehensive suite of fund domiciliation structures designed to accommodate a wide range of investment strategies, asset classes, and investor requirements.

Key Structures:

Global Business Company (GBC)
The most commonly used vehicle for investment funds, offering access to Mauritius’ treaty network and a well-established regulatory framework. GBCs may operate as Collective Investment Schemes (CIS) or Closed-End Funds (CEF).
Limited Partnership (LP)
A highly flexible and often tax-transparent structure, particularly suited for private equity and venture capital. LPs allow structuring flexibility aligned with investor and strategy requirements.
Unit Trust
A trust-based structure governed by a trust deed, commonly used for wealth structuring, succession planning, and certain investment strategies.
Protected Cell Company (PCC)
Enables multiple sub-funds within a single entity, with strict segregation of assets and liabilities across cells, ensuring investor protection and operational efficiency.
Variable Capital Company (VCC)
The Variable Capital Company is Mauritius’ flagship fund vehicle, designed for flexibility, operational efficiency, and investor protection.

Key Features :

Umbrella Flexibility: Multiple sub-funds or SPVs under a single entity, each with its own strategy, asset pool, and optional legal personality.
Investor Protection: Ring-fencing ensures that liabilities remain isolated, providing security even in market stress.
Operational Efficiency & Economies of Scale: Shared service providers reduce costs while maintaining independence and governance.
Tax Advantages: Standard corporate tax is 15%, with partial exemptions reducing effective rates to ~3%. Interest income may enjoy up to 95% exemption. Funds can file consolidated or separate statements to optimise taxation and liability management.
Regulatory Streamlining: One license covers all sub-funds, simplifying compliance and accelerating approvals.

Fund management in Mauritius is underpinned by strong governance, regulatory oversight, and access to skilled professionals.

Funds are typically required to appoint a licensed investment manager, either based in Mauritius or in a recognised jurisdiction. Certain structures, such as CIS or CEF, may also operate as self-managed funds, subject to regulatory approval.

Key Features

Strong governance and fiduciary oversight
Alignment with international best practices
Flexibility in management structuring (local or foreign managers)
Ability to manage multi-strategy and multi-sub-fund structures (e.g. VCCs)

CIS Manager Requirements

Dedicated to managing collective investment schemes (unless otherwise authorised)
Adequate expertise and qualified personnel
Minimum unimpaired capital of MUR 1 million

Mauritius-based managers are well positioned to coordinate with global stakeholders, ensuring effective portfolio oversight, regulatory compliance, and strategic execution.

Mauritius offers a sophisticated administration ecosystem providing full operational support across the fund lifecycle.

Licensed administrators deliver end-to-end services, enabling fund promoters to focus on investment performance while ensuring compliance and operational excellence.

Core Services

Fund incorporation and regulatory approvals
Net Asset Value (NAV) calculation and accounting
Financial and regulatory reporting
Investor servicing
Corporate secretarial services
AML/CFT and CDD compliance

For umbrella structures such as PCCs and VCCs, administrators can also manage shared services across sub-funds, creating economies of scale while maintaining strict governance standards.