Fund / CIS Manager

Fund / CIS Manager

In the majority of global fund structures set up in known fund jurisdictions, there need to be a Fund Manager Company to undertake the research work and to manage and make investment decisions based on the investment strategy and objective of the particular investment fund.

The Mauritius Securities Act 2005 and the Securities Regulations of 2008 on (Collective Investment Schemes and Closed end Funds) , allow for a Fund Manager or Collective Investment Scheme (CIS) Manager Company to be set up and licensed in Mauritius. In addition to the normal GBC license requirement, a Fund Manager Company has to obtain a CIS manager license from the Financial Services Commission to be able to operate.

Services we Offer

We offer comprehensive support to Fund/CIS Managers, including:

Fund Formation and Structuring
  • Advising on the most suitable fund structure (e.g., Global Business Corporation (GBC), Limited Partnership, Protected Cell Company (PCC), Variable Capital Company (VCC)). 
     
  • Drafting and reviewing constitutive documents like the prospectus, private placement memorandum, investment management agreement, etc.
  • Liaising with legal advisors and regulatory authorities for the application process.
  • Assisting with the official launch of the fund.
  • Net Asset Value (NAV) calculation and accounting.
  • Preparation of financial statements (quarterly and annual) under IFRS.
     
  • Maintaining the fund’s books and records.
  • Processing fund expenses and distributions.
  • Liaising with auditors.   
     
  • Trade processing and settlement.
  • Maintaining bank, broker, and custodian accounts.
  • Providing resident directors.
  • Preparing board papers and minutes.
  • Organizing and attending board and shareholder meetings.
  • Maintaining statutory records.   
     
  • Ensuring compliance with relevant laws.
  • Maintaining investor records.
  • Processing subscriptions, redemptions, and transfers.
  • Handling investor queries and communication.
  • Issuing capital account statements and holding statements.
  • Managing investor portals for reporting and communication.
  • Ensuring the fund and manager comply with licensing conditions and ongoing regulations (e.g., Securities Act, Financial Services Act, CIS Regulations).
  • Conducting customer due diligence (CDD) on investors.
  • Providing Money Laundering Reporting Officer (MLRO) and Deputy MLRO services.
  • Developing and implementing AML/CFT policies and procedures.
  • Providing compliance health checks and training.
  • Tax planning for international structures.  
     
  • Applying for tax rulings and Tax Residence Certificates.
  • Preparing and filing tax returns (income tax, VAT, PAYE).  
     
  • Handling queries from foreign tax authorities.

Contact Us

Have a question about our services or ready to expand your business horizons?

+ 230 212 97 36

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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.

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