Investment Adviser Licence

The Investment Adviser Licence has numerous advantages particularly for investors managing Offshore Funds and Fund sponsors with offshore funds set up worldwide. The Investment Adviser is regulated under the Securities Act 2005 and The Securities Regulations 2008 and by the Financial Services Commission (“FSC”) of Mauritius.
Categories

Categories

There are three types of Investment Advisers under the Securities Act 2005:

Investment Adviser (Unrestricted)

Authorised to manage, under a mandate, portfolios of securities and advise, guide or recommend on securities transactions through printed materials or any other means

Investment Adviser (Restricted)

Authorised to give advice on securities transactions through printed materials or any other means

Investment Adviser (Corporate Finance Advisory)

Authorised to provide corporate finance advisory services with respect to securities transactions through printed materials or any other means

Minimum unimpaired capital

An Investment Adviser licensee is required to maintain the prescribed minimum stated unimpaired capital and will not start its operations, trade, or incur any liabilities prior to meeting this condition.

Investment Adviser Licence (Unrestricted) MUR 600,000 or its equivalent amount
Investment Adviser Licence (Restricted) MUR 500,000 or its equivalent amount
Investment Adviser Licence (Corporate Finance) MUR 1,000,000 or its equivalent amount

Taxation aspect
  • Tax resident in Mauritius;
  • Corporate rate of 3% on all profits
  • Benefits from the Double Taxation Agreements
  • No capital gains tax
  • No withholding tax on payment of dividends, interests or royalties;
  • Liable to corporate tax at the rate of 15 % but holders of investment adviser licence may benefit from a relief of 80% under the Partial Exemption Regime
Administrative aspect
  • Managed and controlled in Mauritius
  • Accounting documents and accounts kept are available in Mauritius
  • The financial statements audited and required within 3 months of financial year end
  • The share register is kept in Mauritius
  • Two directors and a qualified secretary who are resident in Mauritius
  • Board meetings are chaired in Mauritius.
  • To have adequate IT infrastructure to support its day to day operations as per FSC requirement
Statutory Fees

Application Processing Fee to FSC Annual Fees to FSC
Investment Adviser (Unrestricted) Licence US$ 500 US$ 1,900
Investment Adviser (Restricted) Licence US$ 500 US$ 1,200
Investment Adviser (Corporate Finance Advisory) Licence US$ 750 US$ 2,500