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Mauritius Fund Management License - An Overview

Are you looking for a globally recognized jurisdiction to establish your fund management business? A Mauritius Fund Management License is the ideal solution, providing a regulated, tax-efficient framework that enables companies to manage investment funds, collective investment schemes (CIS), and client portfolios under the supervision of the Financial Services Commission (FSC).

A Mauritius Fund Management License authorises a company to manage investment funds, collective investment schemes (CIS), closed-end funds, and client portfolios under the regulatory oversight of the Financial Services Commission (FSC). Issued pursuant to the Securities Act 2005 and related regulations, the license provides a robust legal framework for fund managers operating from one of the world's leading International Financial Centres.

Depending on the nature of the business, entities may obtain a CIS Manager License, an Investment Adviser License (Restricted or Unrestricted), or an Asset/Investment Manager License to undertake regulated investment management activities. Most licensed fund managers are established as Global Business Companies (GBCs), enabling access to Mauritius's extensive tax treaty network and internationally recognized regulatory environment.

A Mauritius Fund Management License enhances credibility with global investors while supporting efficient cross-border investment operations. It is an ideal choice for asset managers, private equity firms, hedge funds, family offices, and investment firms seeking a compliant, tax-efficient, and globally respected jurisdiction to manage investment portfolios. Some of the attractive features of obtaining a Mauritius fund management license are:

Modern and flexible regulatory framework

Minimum capital of MUR 1 million (approx. USD 30,000)

Effective tax rate of up to 3% on qualifying profits

Low licensing and operational costs

Access to experienced fund administrators and legal professionals

Extensive Double Tax Avoidance Agreement (DTAA) network

Robust regulatory and legal environment

Strategic gateway to African and global markets

Compliance with core income-generating activity requirements

Mauritius Fund Management License with Enterslice's Consultants

Set up your fund management business in Mauritius with expert guidance. Obtain your Mauritius Fund Management License through a streamlined process and benefit from a globally recognized financial centre, an attractive tax regime, and a robust regulatory framework.

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What are the Benefits of a Mauritius Fund Manager License?

The list of benefits of a Mauritius Fund Manager License is as follows:

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Africa's Leading International Financial Centre

Mauritius consistently ranks among Africa's top business hubs, providing a stable and investor-friendly environment.

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Strategic Gateway to Africa and Asia

It serves as a preferred jurisdiction for managing investments into India, Africa, and other emerging markets.

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Extensive Tax Treaty Network

With over 45 Double Taxation Avoidance Agreements (DTAAs), Mauritius enables efficient cross-border fund management and investment.

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Tax-Efficient Jurisdiction

Companies benefit from a 15% corporate tax rate, which may reduce to an effective rate of around 3% on qualifying income through the 80% partial exemption, along with no capital gains tax and no withholding tax on dividends paid to non-residents.

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Globally Compliant Financial Centre

Mauritius complies with OECD, FATF, and EU standards, reinforcing its reputation as a trusted international financial jurisdiction.

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Strong Financial Services Ecosystem

Access experienced fund administrators, custodians, auditors, legal advisors, and licensed management companies under one ecosystem.

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Business-Friendly Environment

No exchange controls, a robust hybrid legal system (common and civil law), political stability, and a skilled bilingual workforce make fund operations seamless.

What are the Requirements for a Mauritius Fund Management License?

The list of requirements for a Mauritius Fund Management license is as follows:

  • Incorporate a Mauritius company, typically a Global Business Company (GBC) for international fund management activities.
  • Maintain the required minimum unimpaired capital as prescribed by the FSC (historically around MUR 1,000,000 for a CIS Manager).
  • Appoint qualified directors and officers with relevant fund management experience.
  • Meet the FSC’s fit and proper requirements for directors, shareholders, and beneficial owners.
  • Establish strong governance, including a Compliance Officer, MLRO, AML/CFT framework, risk management, and internal controls.
  • Maintain adequate substance in Mauritius through resident directors, a registered office, and local management activities.
  • Work with a licensed Mauritius Management Company for regulatory compliance and administration for regulatory compliance and administration.

What are the Mandatory Documents for Securing a Mauritius Fund Manager License?

The list of documents required for securing a Mauritius Fund Manager License is as follows:

FSC license application for the applicable fund management category

Company constitution and GBC documents (if applicable)

Business plan outlining strategy, clients, and organizational structure

KYC documents of directors, shareholders, and beneficial owners

Proof of capital, source of funds, and source of wealth

AML/CFT policies and Compliance Officer (CO) / Money Laundering Reporting Officer (MLRO) appointment details

Management company and registered office information

Process for a Mauritius Fund Management License

The step-by-step process for obtaining a Mauritius Fund Management License is mentioned below:

Structure & Scope

The first step in Fund Manager Setup in Mauritius is to identify the appropriate license category, such as CIS Manager, Investment Adviser, or Asset Manager, based on the proposed activities. The applicant must select a suitable legal structure, typically a Global Business Company (GBC), and define the fund strategy, target investors, and operational scope.

Appoint Management & Personnel

Engage a Mauritius FSC License Management Company and appoint qualified directors, compliance officers, and key personnel. The management team must meet FSC requirements relating to competency, experience, governance, and regulatory oversight.

Prepare Documentation & KYC

Prepare the required business plan, compliance framework, risk management policies, and AML/CFT procedures. Complete KYC and due diligence requirements by submitting details of directors, shareholders, beneficial owners, and other relevant stakeholders.

Incorporation & License Application

Incorporate the company and obtain GBC approval, where applicable. Submit the fund management license application to the Financial Services Commission (FSC) along with supporting documents, capital evidence, and governance details.

FSC Review & Approval

The FSC reviews the application to assess capital adequacy, management competence, governance structure, and fit-and-proper requirements. After successful evaluation and resolution of any queries, the FSC grants the fund management license.

Operationalize & Maintain Compliance

Set up banking arrangements, operational substance, and internal compliance systems before commencing activities. The licensed entity must continue meeting FSC reporting, regulatory, AML/CFT, and ongoing compliance obligations.

What is the Timeline for a Fund Investment Manager License in Mauritius?

The timeline for fund investment manager license in Mauritius is as follows:

Stage 1: Structuring & Management Company Engagement: 1–3 Weeks

Finalize the fund structure, license type, and engage a licensed Management Company along with key personnel.

Stage 2: Documentation, Compliance Framework & KYC: 2–4 Weeks

Prepare the business plan, compliance policies, AML/CFT framework, and complete KYC due diligence.

Stage 3: Incorporation & FSC Licensing: A Few Weeks

Incorporate the company/GBC and submit the Fund Management License application to the FSC.

Stage 4: Banking & Operational Setup: In Parallel / Following Licensing

Set up banking arrangements, operational substance, compliance systems, and prepare for fund management activities.

Who Needs a Mauritius Fund Management License?

A Mauritius Fund Management License is required if you plan to:

  • Manage a Collective Investment Scheme (CIS) or closed-end investment fund.
  • Provide discretionary portfolio or asset management services to funds or clients.
  • Offer investment advisory services related to securities or investment products.
  • Establish and operate a fund management company in Mauritius.
  • Manage Mauritius-based or foreign-domiciled investment funds.
  • Provide professional investment management services to institutional or private investors.
  • Conduct regulated fund management activities under the supervision of the FSC.

What is the Regulatory Framework for a CIS Manager License in Mauritius?

The regulatory framework for a CIS manager license in Mauritius is as follows:

  • The Securities Act 2005 and the Securities (Licensing) Rules 2007.
  • The Financial Services Act 2007, which governs licensing and Global Business Companies (GBCs).
  • The Companies Act 2001 for company incorporation and governance.
  • FSC rules, codes, and AML/CFT regulations to ensure compliance and prevent financial crime.

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What is the Taxation Structure for Mauritius Fund Manager License?

The taxation structure for a Mauritius Fund Manager License is as mentioned below:

  • The standard corporate tax rate is 15%.
  • Eligible fund managers can benefit from an 80% partial exemption regime, resulting in an effective tax rate of approximately 3% on qualifying income, subject to applicable conditions.
  • Mauritius does not levy capital gains tax, making it attractive for investment and fund structures.
  • No withholding tax is imposed on dividends paid to non-residents.
  • Fund managers structured as a Global Business Company (GBC) can access 45+ Double Taxation Avoidance Agreements (DTAAs), provided they meet applicable substance requirements.
  • Mauritius has no exchange control restrictions, allowing smooth movement of funds and international transactions.
  • To avail tax benefits and treaty advantages, the fund manager must maintain adequate economic substance in Mauritius, including resident directors, local business activities, and sufficient operational expenditure.

Are you ready to establish Your Fund Management Company in Mauritius?

Let our experts help you set up your Fund Management Company in Mauritius with end-to-end support.

  •  End-to-End Fund Manager Licensing Support
  • 100% Remote Process with Expert Regulatory Assistance

Why Trust Enterslice for Mauritius Fund Manager License?

As one of the well-known business consulting and compliance management companies, Enterslice helps global founders launch their dream business in Mauritius. Besides this, our experts provide assistance in FSC licensing in Mauritius, GBC Formation, Mauritius Family Office setup, Mauritius Holding company setup, and more. You may trust Enterslice for a Mauritius Fund Manager License for the following reasons:Bottom of Form

  • 15+ years of experience in global financial-services licensing and advisory.
  • 1,000+ licensing and compliance projects supported in Mauritius.
  • 500+ professionals providing licensing, compliance, and advisory expertise.
  • Multi-billion-dollar assets supported through global structuring and financial advisory services.
  • End-to-end licensing assistance covering license selection, Mauritius Investment Management Company structuring, application preparation, and regulatory approvals.
  • Expertise in fund-related licenses including CIS Manager, Investment Adviser, and Asset/Investment Manager licenses.
  • FSC-ready applications with support for business plans, governance structures, and compliance frameworks.
  • Capital and substance advisory for meeting minimum capital, resident director, and operational requirements.
  • Tax and treaty optimization support by leveraging Mauritius’ partial exemption regime and DTAA network.
  • Compliance framework setup including AML/CFT policies, CO/MLRO requirements, and risk management systems.
  • Banking and ongoing compliance support for account setup, reporting, renewals, and regulatory obligations.
  • Transparent engagement model with clear pricing, defined scope, and dedicated client support.

FAQs on Mauritius Fund Management License

A Mauritius fund management license is an FSC authorisation that allows a company to manage funds and/or investment portfolios. The most common license is the CIS Manager License, issued under the Securities Act 2005.

Fund managers in Mauritius are regulated and supervised by the Financial Services Commission (FSC) under the Securities Act 2005 and the Financial Services Act 2007.

A CIS Manager License authorises a company in Mauritius to manage a Collective Investment Scheme (CIS) or a closed-end fund on behalf of investors.

A CIS Manager is responsible for managing investment funds, whereas an Investment Adviser provides investment advice and may offer discretionary portfolio management if authorised.

A Global Business Company (GBC) is commonly used to establish a fund management company in Mauritius, offering regulatory recognition, tax residency benefits, and access to international markets.

A minimum stated unimpaired capital requirement applies. For a CIS Manager License in Mauritius, it has historically been around MUR 1,000,000, subject to the latest FSC requirements.

Yes. The FSC requires competent and experienced directors and officers with relevant expertise in fund management and financial services.

The company must maintain adequate substance in Mauritius, including resident directors, a registered office, and key business activities conducted locally to support regulatory compliance and tax residency.

Yes, a Mauritius fund management company must establish an AML/CFT framework and appoint appropriate compliance personnel, including a Compliance Officer and Money Laundering Reporting Officer (MLRO).

Yes. Mauritius allows 100% foreign ownership of fund management companies, subject to meeting FSC licensing and regulatory requirements.

A Mauritius Fund Manager License offers access to a leading international financial centre with a strategic location, 45+ DTAAs, and a tax-efficient regime. It provides an effective tax rate of around 3% on qualifying income, no capital gains tax, no withholding tax on dividends to non-residents, and compliance with OECD, FATF, and EU standards, making Mauritius an ideal jurisdiction for global fund management.

To obtain a Mauritius Fund Management License, you must incorporate a Mauritius company (typically a GBC), maintain the prescribed minimum capital, appoint qualified directors and key personnel, meet the FSC's fit and proper criteria, implement robust AML/CFT and compliance frameworks, maintain adequate local substance, and work with a licensed Mauritius Management Company.

The process involves selecting the appropriate license type, setting up a suitable structure (typically a GBC), appointing qualified personnel, preparing compliance documents, and completing KYC requirements. The application is submitted to the Financial Services Commission (FSC) with required documents and capital proof. After reviewing the applicant’s governance, expertise, and compliance framework, the FSC grants the license. The licensed entity must then maintain ongoing regulatory and AML/CFT compliance.

A Mauritius Fund Management License is required for entities managing Collective Investment Schemes (CIS), closed-end funds, portfolios, or investment assets. It is also required by businesses that provide investment advisory services, manage Mauritius- or foreign-domiciled funds, or offer regulated investment management services to institutional and private investors under FSC supervision.

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