MAURITIUS: THE PREMIER FUND DOMICILE
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.
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.
