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Securities Act · VCC framework · FSC Mauritius

Mauritius Fund Structuring & Regulatory Advisory

Mauritius supports open-ended collective investment schemes, closed-end funds and flexible multi-fund structures. The correct route depends on liquidity, investor profile, investment strategy, distribution model, fund governance and the required service-provider ecosystem.

Discuss a Fund Structure

Fund structure

FundCIS / Closed-End / VCC
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Manager / AdviserInvestment decisions
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AdministratorNAV, registrar
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CustodianAsset safekeeping
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InvestorsSubscriptions

Routes at a glance

Regulatory Snapshot: Funds & VCCFSC · Mauritius
Collective Investment Scheme
SEC-3.1Arelated multi-fund or PCC categories, generally open-ended collective-investment structures authorised under the Securities Act.
Closed-End Fund
SEC-3.2Arelated multi-fund or PCC categories, closed-ended investment structures authorised under the Securities Act.
Variable Capital Company
VCC-1.1a flexible corporate fund structure capable of operating with sub-funds and SPVs, subject to the VCC framework.
Core regulator
Financial Services Commission, Mauritius (FSC)
Functionaries
Depending on the structure: CIS Manager / investment manager or adviser, administrator, custodian, auditor and other service providers.

CIS

Open-ended collective investment scheme, generally authorised under the Securities Act.

Closed-End Fund

Closed-ended investment structure with defined subscription and redemption terms.

VCC

Variable Capital Company, a flexible corporate fund vehicle supporting sub-funds and SPVs.

What Ylexium helps design

Structuring level, service-provider depth.

  • Fund classification and regulatory route.
  • Legal / corporate structure: single fund, multi-fund, PCC or VCC where appropriate.
  • Investment strategy, target-investor profile and distribution restrictions.
  • Manager / adviser, administrator, custodian, bank and auditor architecture.
  • Offering-document and service-agreement coordination.
  • AML/CFT, governance, conflicts, valuation and operational policies.
  • FSC authorisation / licensing project coordination and launch readiness.
A note on investor thresholds. Investor-eligibility thresholds for Expert, Professional and Specialised fund categories are not stated on this page and should be confirmed against current FSC regulations and guidance for the specific structure.

Discuss a Fund Structure

Share the investment strategy, target investors and distribution model and Ylexium will map the correct Mauritius fund route.

Discuss a Fund StructureSee All Mauritius Licences