Investment Adviser Licence
The Investment Adviser Licence has numerous advantages particularly for investors managing Offshore Funds and Fund sponsors with offshore funds set up worldwide. The Investment Adviser is regulated under the Securities Act 2005 and The Securities Regulations 2008 and by the Financial Services Commission (“FSC”) of Mauritius.
There are three types of Investment Advisers under the Securities Act 2005:
> Investment Adviser – Unrestricted
> Investment Adviser – Restricted
> Investment Adviser – Corporate Finance Advisory
INVESTMENT ADVISER – UNRESTRICTED
INVESTMENT ADVISER – RESTRICTED
INVESTMENT ADVISER – CORPORATE FINANCE ADVISORY
INVESTMENT ADVISER – UNRESTRICTED
Authorised to manage, under a mandate, portfolios of securities and advise, guide or recommend on securities transactions through printed materials or any other means
Minimum unimpaired capital
An Investment Adviser licensee is required to maintain the prescribed minimum stated unimpaired capital and will not start its operations, trade, or incur any liabilities prior to meeting this condition.
| Investment Adviser Licence (Unrestricted) | MUR 600,000 or its equivalent amount | |
| Investment Adviser Licence (Restricted) | MUR 500,000 or its equivalent amount | |
| Investment Adviser Licence (Corporate Finance) | MUR 1,000,000 or its equivalent amount | |
Administrative aspect
All categories are required to file audited financial statements within 6 months of financial year end.
Staff employed must have relevant experience and qualification as required under the Securities Act
Two local Directors are required and board meetings must be held in Mauritius.
Must at all times have a registered office in Mauritius where the accounting records and statutory documents must be kept.
Statutory Fees
| Application Processing Fee to FSC | Annual Fees to FSC | |
Investment Dealer (Full-Service Dealer including Underwriting) | US$ 3,000 | US$ 9,500 |
Investment Dealer (Full-Service Dealer excluding Underwriting) | US$ 750 | US$ 2,500 |
| Investment Dealer (Broker) | US$ 500 | US$ 2,000 |
| Investment Dealer (Discount Broker) | US$ 250 | US$ 1,500 |
Taxation aspect
- > Tax resident in Mauritius;
- > Corporate rate of 3% on all profits
- > Benefits from the Double Taxation Agreements
- > No capital gains tax
- > No withholding tax on payment of dividends, interests or royalties;
- > No stamp duties or capital taxes;
Administrative aspect
- > Managed and controlled in Mauritius
- > Accounting documents and accounts kept are available in Mauritius
- > The financial statements audited and required within 3 months of financial year end
The share register is kept in Mauritius - > Two directors and a qualified secretary who are resident in Mauritius
Board meetings are chaired in Mauritius. - > To have adequate IT infrastructure to support its day to day operations as per FSC requirement
Statutory Fees
| Application Processing Fee to FSC | Annual Fees to FSC | |
| Investment Adviser (Unrestricted) Licence | US$ 500 | US$ 1,900 |
| Investment Adviser (Restricted) Licence | US$ 500 | US$ 1,200 |
| Investment Adviser (Corporate Finance Advisory) Licence | US$ 750 | US$ 2,500 |
INVESTMENT ADVISER – RESTRICTED
Authorised to give advice on securities transactions through printed materials or any other means
Minimum unimpaired capital
An Investment Adviser licensee is required to maintain the prescribed minimum stated unimpaired capital and will not start its operations, trade, or incur any liabilities prior to meeting this condition.
| Investment Adviser Licence (Unrestricted) | MUR 600,000 or its equivalent amount | |
| Investment Adviser Licence (Restricted) | MUR 500,000 or its equivalent amount | |
| Investment Adviser Licence (Corporate Finance) | MUR 1,000,000 or its equivalent amount | |
Administrative aspect
All categories are required to file audited financial statements within 6 months of financial year end.
Staff employed must have relevant experience and qualification as required under the Securities Act
Two local Directors are required and board meetings must be held in Mauritius.
Must at all times have a registered office in Mauritius where the accounting records and statutory documents must be kept.
Statutory Fees
| Application Processing Fee to FSC | Annual Fees to FSC | |
Investment Dealer (Full-Service Dealer including Underwriting) | US$ 3,000 | US$ 9,500 |
Investment Dealer (Full-Service Dealer excluding Underwriting) | US$ 750 | US$ 2,500 |
| Investment Dealer (Broker) | US$ 500 | US$ 2,000 |
| Investment Dealer (Discount Broker) | US$ 250 | US$ 1,500 |
Taxation aspect
- > Tax resident in Mauritius;
- > Corporate rate of 3% on all profits
- > Benefits from the Double Taxation Agreements
- > No capital gains tax
- > No withholding tax on payment of dividends, interests or royalties;
- > No stamp duties or capital taxes;
Administrative aspect
- > Managed and controlled in Mauritius
- > Accounting documents and accounts kept are available in Mauritius
- > The financial statements audited and required within 3 months of financial year end
The share register is kept in Mauritius - > Two directors and a qualified secretary who are resident in Mauritius
Board meetings are chaired in Mauritius. - > To have adequate IT infrastructure to support its day to day operations as per FSC requirement
Statutory Fees
| Application Processing Fee to FSC | Annual Fees to FSC | |
| Investment Adviser (Unrestricted) Licence | US$ 500 | US$ 1,900 |
| Investment Adviser (Restricted) Licence | US$ 500 | US$ 1,200 |
Investment Adviser (Corporate Finance Advisory)Licence | US$ 750 | US$ 2,500 |
INVESTMENT ADVISER – CORPORATE FINANCE ADVISORY
Authorised to provide corporate finance advisory services with respect to securities transactions through printed materials or any other means
Minimum unimpaired capital
An Investment Adviser licensee is required to maintain the prescribed minimum stated unimpaired capital and will not start its operations, trade, or incur any liabilities prior to meeting this condition.
| Investment Adviser Licence (Unrestricted) | MUR 600,000 or its equivalent amount | |
| Investment Adviser Licence (Restricted) | MUR 500,000 or its equivalent amount | |
| Investment Adviser Licence (Corporate Finance) | MUR 1,000,000 or its equivalent amount | |
Administrative aspect
All categories are required to file audited financial statements within 6 months of financial year end.
Staff employed must have relevant experience and qualification as required under the Securities Act
Two local Directors are required and board meetings must be held in Mauritius.
Must at all times have a registered office in Mauritius where the accounting records and statutory documents must be kept.
Statutory Fees
| Application Processing Fee to FSC | Annual Fees to FSC | |
| Investment Dealer (Full-Service Dealer including Underwriting) | US$ 3,000 | US$ 9,500 |
| Investment Dealer (Full-Service Dealer excluding Underwriting) | US$ 750 | US$ 2,500 |
| Investment Dealer (Broker) | US$ 500 | US$ 2,000 |
| Investment Dealer (Discount Broker) | US$ 250 | US$ 1,500 |
Taxation aspect
- > Tax resident in Mauritius;
- > Corporate rate of 3% on all profits
- > Benefits from the Double Taxation Agreements
- > No capital gains tax
- > No withholding tax on payment of dividends, interests or royalties;
- > No stamp duties or capital taxes;
Administrative aspect
- > Managed and controlled in Mauritius
- > Accounting documents and accounts kept are available in Mauritius
- > The financial statements audited and required within 3 months of financial year end
The share register is kept in Mauritius - > Two directors and a qualified secretary who are resident in Mauritius
Board meetings are chaired in Mauritius. - > To have adequate IT infrastructure to support its day to day operations as per FSC requirement
Statutory Fees
| Application Processing Fee to FSC | Annual Fees to FSC | |
| Investment Adviser (Unrestricted) Licence | US$ 500 | US$ 1,900 |
| Investment Adviser (Restricted) Licence | US$ 500 | US$ 1,200 |
| Investment Adviser (Corporate Finance Advisory) Licence | US$ 750 | US$ 2,500 |