The Asset Management License Offshore - Mauritius
MAURITIUS ASSET MANAGEMENT LICENSE (AM)
An Asset Management License in Mauritius is priceless. Offer pour portfolios and strategies to your clientele and earn your money with management fees, annual profit shares. Trade and execute on behalf of third parties their funds. Onboard international Asset Management customers. Do it licensed and regulated! BL Corporate Services Ltd will introduce you to one of the best Corporate Services Providers in Mauritius, which is specialised on setting up Asset Management entities.
Mauritius is a flourishing offshore financial center; with excellent conditions it is offering to Asset Managers and other financial institutions you will enjoy tax-friendly working in addition to the benefits of a white listed jurisdiction.
Offer your customers first class Asset Management services and charge maintenance fees, annual fees, profit share and so on. Do it offshore in regulated environment where it‘s easy but trusted. Mauritius is the jurisdiction for it.
Investors and businesses are flocking to Mauritius, taking advantage of its low cost, strict confidentiality laws and flexible incorporation regulations making the formation process simple and efficient.
If you are looking for a jurisdiction with firm privacy regulations and tax-free opportunities in a supportive offshore environment, Mauritius may be the perfect choice for your next offshore company formation.
Low corporate tax for your Asset Management company
Quick approval and application process
100% Western standard in legal framework
Fantastic banking infrastructure
Guaranteed full bank account openings with multi currency accounts (suitable also for customers third-party funding)
No problems to arrange partnerships with overseas brokers, fund managers, hedge funds, liquidity providers, introducing brokers
Mauritius is a member of ESAAMLG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Mauritius was conducted by the International Monetary Fund (IMF) and adopted by ESAAMLG since 2008.
English is business and trade language along with French
Only 2 hours time difference to Central Europe - so strategically you can reach Europe, Asia, and the US within one business day
The FSC has confirmed that an Asset Manager can manage securities and also non-securities assets as long as the assets they are managing do not fall on the high risk categories. So far, there are no restrictions on the type of assets to be managed, it can be tangible assets like property, financial assets and also non-tangible assets.
The regulator and supervisor for this activity is the Mauritius Financial Services Commission. Our network of collaborating MCs in Mauritius will help you and guide you through the licensing process, preparing your paperwork, giving you priceless input and delivering more services than most Corporate Services Providers are offering.
Since Mauritius has been one of the first offshore jurisdictions that implemented international standards in banking services and also in financial licensing, the islands are internationally recognized as a financial hub and not described as a tax havens with low AML rules or supporting criminal activities. Unlike Panama, BVI, Belize, The Seychelles, Vanuatu. Investors and incorporators can enjoy financial freedom, but under a clear legal framework that is internationally recognised and accepted.
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With a Mauritius Asset Management license you will be able to manage securities based assets and non-securities based assets for your customers:
For reference, the definition of securities is as follows: “Securities” means -
Shares or stocks in the share capital of a company, whether incorporated in Mauritius or elsewhere, other than a collective investment scheme
Debentures, debenture stock, loan stock, bonds, convertible bonds or other similar instruments
Rights warrants, options or interests in respect of securities mentioned in paragraphs (1) and (2)
treasury bills, loan stock, bonds and other instruments creating or acknowledging indebtedness and issued by or on behalf of or guaranteed by the Government of the Republic of Mauritius or the government of another country, a local authority or public authority, as may be prescribed
shares in, securities of, or rights to participate in, a collective investment scheme
depository receipts or similar instruments; (7) options, futures, forwards and other derivatives whether on securities or commodities; (8) any other transferable securities, interests or assets as may be approved by the Commission; For the management of any other type of asset, the FSC will consider on a case-to-case basis.
The Mauritius GBC1 is set up under the Companies Act 2001 and licensed under the Financial Services Act 2007 - so a low corporate tax will apply to your business what is very low compared to Asset Management entities to be registered in Europe or South East Asia.
A Mauritius GBC1 is considered as a Mauritius tax resident company (and therefore have access to the double tax treaties of Mauritius) if its management and control is exercised from Mauritius (what we will arrange through our partners within the setup package).
Depending on the business model and the instruments you are going to trade as asset manager the securities deposit will be considered on a case by case check.
An Asset Management company without bank accounts is useless - just a licensed company without payment facilities won't bring you success.
We can guarantee through our local MCs the opening of full SWIFT bank accounts in the name of your Mauritius Asset Management company with the real big players in the islands. Multi Currency Accounts, online banking, digi pass security and debit cards to pay directly business expenses are standard.
The accounts can be used to receive customers funds / deposits directly.
COMPLIANCE PACKAGE (MONTHLY)
To fulfil the requirements permanently, the respective local Mauritian MC is offering a full compliance package for your reguated entity to make sure that you will never disappoint the regulator and all goes really according to the laws. The content of the monthly package is:
Administration Fees and Local Director (2x)
Registered Office and Registered Agent
Accounting and Yearly Financial Statements, Taxation (quarterly and annual)
On-going Compliance to satisfy regulator / check of customers Due Diligence
On-going FATCA Reporting of US customers
Regulatory fee (FSC, ROC)
The fee for this monthly payable package is lower than one secretary or employed person in Europe would cost your entity. Fees will need to be paid straight to relevant CSP, never to BL.
ASSET MANAGEMENT FULL PACKAGE
Standard Corporate Services:
GBC1 Setup incl all register fees
Regulatory Fees / FSC and ROC
One Off FATCA Registration