Our team is experienced in the setting up of Mauritius funds and foreign funds in jurisdictions such as Cayman Islands, BVI, Luxemburg and Bermuda, for which we provide full fund administration, compliance, NAV, share registry and investor relations services.
Setting up and launching a fund in Mauritius involves navigating legal and regulatory requirements, choosing the appropriate structure, and appointing service providers.Renesis, being an experienced and regulated Fund services provider can streamline this process and ensure compliance and efficiency.
Depending on the client’s requirements, our experienced dedicated team will advise on the legal, regulatory and tax requirements. We shall guide you in selecting the most efficient fund structure in terms of costs and structuring. All global funds in Mauritius are structured as Global Business Companies (GBC) .
The setting up stage is a critical phase in our relationship. It is important that we make this experience smooth as possible, and our experienced onboarding team shall ensure that you are met with a smooth process and experience.
We are here to handle the operational complexities for you, allowing you to concentrate in your already complex investment activities:
As a crucial component of global fund administration offering, the assistance in closing(s) of the fund is an essential undertaking that requires expertise and precision. The accounting professional plays a significant role across this process by ensuring that all records are up-to-date and accurate as per relevant accounting standards.
Additionally, our fund administration services includes administrative functions such as calculating the final Net Asset Value (NAV) and preparing financial statements. These tasks require meticulous attention to detail and adherence to regulatory guidelines, and this is where we help investment managers in their various closing(s). We at Renesis, ensure that all closings (subscription and redemption) are in line with fund documents and statutory requirements of the law and licensing conditions.
We communicate with regulators and authorities to register the fund and apply for respective licences with the Financial Services Commission (if structure is set up in Mauritius).
Understanding the specific requirements for fund registration and licensing.
Maintaining open lines of communication with regulators and authorities to ensure compliance with evolving regulations.
Partnering with a third party solution provider that has expertise in navigating regulatory issues.
By taking these steps, we effectively assist fund managers by taking care of the compliance obligations, so that they can focus on their core strategies.
As the adage goes, “an ounce of prevention is worth a pound of cure”, and this certainly applies to Due Diligence on potential investors. It is the process of researching, analysing, and verifying the background, reputation, financial stability, and legal standing of each potential investor before engaging in any investment or financial transaction with them.
Knowing their customers is crucial for entrepreneurs and companies seeking capital, helping them to mitigate risks, prevent fraud, and ensure a strong and mutually beneficial relationship. We provide access to our expert knowledge and resources to ensure that all necessary checks are carried out prior to the onboarding of investors.
When it comes to end-to-end fund administration services, opening accounts with banks, brokers, and custodians is primordial. This is why we ensure that all necessary documentation is in place before proceeding. Furthermore, fund managers should be aware of all regulations that may apply to specific types of accounts or transactions.
Opening of bank accounts, managing accounts, making payments to suppliers, shareholders, etc. and assist with the challenges and risks associated with these accounts.
This step consist of dealing with transactions, maintaining the register and keeping up-to-date investor data. We comply with Anti-Money Laundering / Combating the Financing of Terrorism (AML/CFT) regulations and follow rigorous procedures to ensure the integrity of the register is maintained at all times.
The following are some of the key functions performed by transfer agency and registrar services:
• Maintaining accurate records of shareholders
• Dealing with transactions on behalf of shareholders
• Handling communication with shareholders
The processing of capital calls and distribution is an integral part of fund administration services. These services involve the timely and accurate computation, notification, and collection of capital calls from investors, calculation, approval, and disbursement of distributions to them. We calculate and generate all capital calls, equalisation and distribution notices. We keep all investor information (financial and non-financial) secure within our register.
An essential aspect of any business, governance involves the processes and structures that are put in place to ensure that the fund is being managed ethically, responsibly, and with integrity. We help you to adjust your corporate governance for it to be more efficient.
Adding value to your processes, it contributes to obtaining a long-term competitive edge through better strategic decisions. These policies help to ensure that the system operates efficiently and effectively while minimizing risks.
Fund Formation services
Bank and custody account opening (Mauritius & foreign)
Provision of professional directorship services
Acting as Company Secretary and transfer agent
Provision of registered office facilities (depending on statutory requirements)
Business and facilitation services and transactional support
NAV calculation and reporting
Investor relations
Share Registry Services
Compliance, AMLCO and MLRO services
Financial Report preparation
Audit coordination, assistance and liaison
Tax computation and filing services
Liaising with custodians
Bank transaction processing
Trade execution as instructed by IM
Back office services
The impact of technology on digital transformation for Renesis is undeniable. We are committed to helping our clients navigate this landscape by integrating advanced technology such as Paxus etc
Our core fund administration technology backbone is provided by a combination of institutional grade platforms PFS-PAXUS which are matched to clients based on their specific requirements. This software enables us to offer you increased efficiency, reduced risk of errors, faster valuation, support for complex funds, lower overall IT costs and reporting requirements which suit your needs.
Designed specifically for the alternative fund administration industry, PFS-PAXUS delivers one integrated solution with customer web access built into its core. PFS-PAXUS is a specialist fund accounting and fund administration system that is the product of choice for administrators of both alternative and traditional funds across the globe.
An established market-leading product, PFS-PAXUS offers fund administrators a complete back-office fund accounting, portfolio valuation, fund pricing solution and shareholder recording keeping administrative solution on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
We believe in giving a quality of service to all our clients. Time management is a key factor in our beliefs and we use an internal Documents Management System to give our esteemend clients a fast and reliable service.
Documents serve as the backbone of all business processes and procedures. Not only different process actors, but also the different departments within our organisation need to collaborate on them multiple times.
Below are some reasons why the internal DMS is a key factor in our service:
The usage of an internal DMS increases the productivity of our team
Increased security and data privacy
Improved legal compliance
Cost saving and resources optimisation
Faster disaster recovery
Improved workflow automation
We use the LSEG World-Check KYC software for all our KYC and third-party due diligence screening obligations. World check helps us meet our due diligence obligations and identifies potential financial criminal activities with information from reputable public domains. It also helps us address our Politically Exposed Persons (PEP) monitoring requirements.
Advantages of LSEG World-Check KYC Software:
Reliable intelligence and rigorous quality control
Subjet matter expertise
Up-to-date information
Target Screening
In-depth search
Have a question about our services or ready to expand your business horizons?
Renesis Financial Services is a boutique management company licensed and regulated by the Financial Services Commission of Mauritius, offers a wide range of professional international business support services, with a tailor-made approach.
Harbour Front Building
President John Kennedy St, Port Louis