Funds

Mauritius has asserted itself as a jurisdiction for funds domicile by combining the relatively low rate of domestic taxes, competitive cost structures and network of Double Taxation Agreements with several European, African and Asian countries.

 

Imara Trust provides specialist fund services for a full range of fund structures. Our local and international expertise ensures a tax-effective structure combined with regulatory compliance. We have our own dedicated fund administration software for NAV calculations; Share Dealing, Securities, General Ledger; Contact Management and Database Management.

 

We employ highly experienced and qualified professionals providing Fund set-up and administration services. We not only provide fund administration services to structures established in Mauritius but also to entities licensed and incorporated in other jurisdictions.

 

Imara Trust can also assist you to list your fund on the Stock Exchange of Mauritius (“SEM”).

 

 

Our Fund Services include:
  • Establishment of open-ended (unit trusts, open ended companies or mutual funds) and close-ended funds (investment trusts).
  • Establishment of Funds as Protected Cell Companies (“PCC”)
  • Provision of two resident directors of the required caliber
  • Provision of registered office
  • Corporate Secretarial services
  • Provision of Money Laundering Reporting Officer and Deputy Money Laundering Officer
  • Registrar services
  • Capital calls and investor reporting
  • Preparation and filing of tax returns with local tax authorities
  • NAV calculations
  • Assisting in the preparation of Private Placement Memorandums and other constitutive documents
  • Management of Investors’ information
  • Preparation of financial statements in accordance with International Financial Reporting Standards
  • Point of contact for all service providers/connected parties/regulators
  • General administration
  • Maintenance of bank accounts and providing resident signatories
  • Keeping all statutory and accounting records of the company
  • Due-diligence checks on investors
  • Ensuring compliance with laws and regulations
  • Any other service that may be mutually agreed with the client.

The above does not exclude the possibility of the Fund obtaining assistance for the management of its assets from an investment manager/advisor established overseas, nor does it prevent management decisions in relation to investment and disinvestment being executed overseas. Also the requirement for the location of the issuance and redemption of shares in Mauritius does not preclude foreign intermediaries from participating in the placing and redemption operations as distributors or nominees. The regulator, the Financial Services Commission, insists on the independence of the Manager, the Trustee and the Custodian.

Read more about Global Funds in Mauritius
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