Investment Advisor License
Mauritius has the advantage of having a modern and flexible securities law, it issues clear Investment Adviser licences within a reasonable time
The Securities Act 2005 and rules & regulations made under it allow for Investment Adviser Companies to be set up and licensed in Mauritius. These are particularly beneficial for Investment Houses who manage Offshore Funds or Fund sponsors who have Offshore Funds set up worldwide. Mauritius has the advantage of having a modern and flexible securities law, it issues clear Investment Adviser licences within a reasonable time, requires reasonable minimum capital requirement, charges reasonable licence fees and has a low tax rate. Mauritius is one of the best places to save on costs for Investment Houses and Fund sponsors and at the same time enjoy the array of fund administrators, service providers and fund lawyers in the country.
There are basically two types of Investment Advisers under the Securities Act:
Investment Adviser- Unrestricted Licence
Authorised to manage, under a mandate, portfolios of securities and give advice on securities transactions through printed materials or any other means.
Investment Adviser- Restricted Licence
Authorised to give advice on securities transactions through printed materials or any other means
- Financial Statements Filing
Both are required to file audited financial statements within 6 months of financial year end.
- Staff Qualification
Staff employed must have relevant experience and qualification as required under the Securities Act.
- Minimum Capital Required
An Investment Adviser with Unrestricted or Restricted Licence is required to have a minimum capital.
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