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Institutions Financières

Managing Third-Party Assets from the Heart of the Indian Ocean

For institutions and boutiques seeking to manage third-party assets or conduct global treasury operations from Mauritius, our asset management licensing and operational advisory ensures regulatory authority and operational infrastructure are in place from day one.

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Aperçu

Why Manage Assets from Mauritius?

Mauritius is one of the few jurisdictions that combines a respected regulatory framework, an extensive DTAA network, and genuine substance requirements in a single, accessible international financial centre. For asset managers targeting African and Asian institutional investors, a Mauritius-licensed entity offers credibility, tax efficiency, and strategic positioning that few other jurisdictions can match.

Aurevya advises across investment management licensing requirements, investment policy frameworks, compliance infrastructure design, and the operational setup required to manage institutional mandates professionally. Our advisory is practical, grounded in the operational realities of running a regulated asset management business, not merely the regulatory theory.

Whether the objective is to establish a new asset management boutique, redomicile an existing manager, or expand the scope of an existing Mauritius entity to include external asset management activity, Aurevya provides end-to-end advisory from licence design through to operational launch and ongoing compliance.

FSC
Licensed
Full FSC regulatory standing, the foundation for credible asset management operations serving institutional, professional, and sophisticated investor markets.
46+
DTAA Network
Mauritius's extensive double taxation agreement network enables tax-efficient management of cross-border mandates across Africa, Asia, and beyond.
African & Asian
Investor Base
Mauritius has a proven track record as the jurisdiction of choice for asset managers targeting institutional capital from Africa and Asia.

Ce que nous proposons

Caractéristiques clés

Investment Management Authority
Identification and procurement of the appropriate FSC licence, Investment Adviser (Unrestricted) for individual mandates, or CIS Manager for pooled fund structures, providing the regulatory authority to manage client assets professionally and compliantly.
Multi-Asset Mandates
Aurevya designs investment policy frameworks, investment committee structures, and mandate management procedures that accommodate multi-asset strategies across equities, fixed income, alternatives, and structured products.
Treasury Operations
For entities managing group treasury functions from Mauritius, foreign exchange, liquidity management, inter-company lending, and cash management, we design the regulatory and operational framework for treasury operations conducted within the FSC framework.
Institutional Credibility
We design the governance, reporting, and compliance infrastructure required to satisfy the due diligence expectations of institutional investors, pension funds, endowments, sovereign wealth funds, and family offices evaluating a Mauritius-based manager.
DTAA Benefits
We integrate the DTAA analysis into the asset management structure from the outset, ensuring the Mauritius entity is positioned to claim treaty benefits on qualifying investment flows in a manner that is compliant with both Mauritius law and the relevant treaty partner requirements.
Operational Infrastructure
End-to-end operational setup, portfolio management systems, trading infrastructure, investor reporting, risk management frameworks, compliance monitoring, and banking relationships, everything required to run a credible asset management operation from Mauritius.

Processus

Comment ça fonctionne

01
Strategy & Mandate Definition
We assess the client's investment strategy, target client base, assets under management trajectory, and business model, determining the optimal regulatory vehicle and operational structure for the proposed Mauritius asset management operation.
02
Licensing Assessment
Identification of the required FSC licence category, Investment Adviser (Unrestricted) for discretionary mandates, CIS Manager for pooled vehicles, or a combination, and assessment of the capital, personnel, and infrastructure requirements for each applicable licence.
03
Licence Application
Preparation and submission of the FSC application, business plan, investment management framework, key personnel fit-and-proper submissions, AML/CFT programme, and governance documentation, managed end-to-end by Aurevya's regulatory team.
04
Policy Framework Design
Development of the investment policy, portfolio management procedures, risk management framework, conflicts of interest policy, and compliance monitoring programme, the policy infrastructure required by FSC regulations and expected by institutional clients.
05
Client Agreement Setup
Preparation of investment management agreements, client disclosure documents, fee schedules, and reporting templates, the client-facing documentation suite required before the asset manager can accept its first mandates.
06
Operations Launch
Coordination of operational readiness, portfolio systems, trading relationships, banking facilities, and compliance infrastructure, and ongoing support for FSC reporting, annual compliance reviews, and regulatory correspondence throughout the life of the business.

Considérations pratiques

Exigences et calendrier

Exigences réglementaires

  • Appropriate FSC licence, Investment Adviser (Unrestricted) or CIS Manager depending on mandate structure
  • Qualified investment management personnel with relevant track record
  • Approved Compliance Officer with FSC fit-and-proper clearance
  • Investment policy and risk management framework
  • Compliance monitoring programme and annual compliance review
  • Client reporting systems and audited annual accounts
  • Substance in Mauritius, active management and decision-making from the jurisdiction
  • Ongoing FSC reporting obligations for the relevant licence category

Calendrier indicatif

  • Corporate Setup: 2–3 weeks from completion of KYC and structure documentation
  • Application Preparation: 4–6 weeks including business plan and policy framework development
  • FSC Review: 8–16 weeks from submission, depending on licence category and completeness of documentation
  • Operational Launch: 3–6 weeks post-licence grant for systems, client documentation, and banking setup

Questions fréquentes

Questions fréquemment posées

The appropriate licence depends on how assets are managed. For discretionary management of individual client accounts or bespoke mandates, an Investment Adviser (Unrestricted) licence is required. For managing a pooled investment vehicle where multiple investors hold interests in a collective scheme, a CIS Manager licence is required. Some asset managers require both, for example, a firm managing both a fund and individual client mandates. Aurevya's initial assessment confirms the licensing requirements for each specific business model before any application work commences.
Yes. A Mauritius-licensed asset manager can manage mandates on behalf of African pension funds, endowments, and institutional investors, subject to the regulatory requirements of the investor's home jurisdiction. Many African pension regulators have become more receptive to offshore managers as the universe of investment opportunities requiring cross-border access has expanded. The Mauritius regulatory framework, COMESA membership, and DTAA network make it particularly credible for managers targeting African institutional capital. Aurevya advises on the regulatory positioning required in both Mauritius and the target investor jurisdiction.
The FSC requires that licensed asset management entities demonstrate genuine substance in Mauritius, including active management and investment decision-making from the jurisdiction, qualified resident personnel, and board meetings held in Mauritius. The substance requirements have become more stringent in recent years as Mauritius responds to international BEPS standards. Aurevya's team designs substance arrangements, including locally-resident portfolio managers, investment committee meetings, and operational infrastructure, that meet FSC expectations while being commercially efficient for the business.
The FSC supervises licensed asset management firms through a combination of ongoing reporting requirements, on-site and off-site inspections, and thematic reviews. Licensed firms must submit periodic financial returns, compliance reports, and AML/CFT disclosures. The FSC may also conduct on-site visits, reviewing operational files, client documentation, compliance records, and key personnel. Aurevya's ongoing compliance retainer service maintains the entity in regulatory good standing, ensuring all reporting is accurate and timely, and that any FSC inspection findings are addressed promptly.
Mauritius's network of 46+ double taxation agreements provides potential benefits on cross-border investment flows, including reduced withholding taxes on dividends, interest, and royalties paid from treaty partner jurisdictions to the Mauritius entity. The availability and quantum of treaty benefits depends on the specific treaty, the nature of the income, and the satisfaction of substance and beneficial ownership requirements. Aurevya's tax advisory team conducts treaty benefit analysis as part of the asset management structure design process, ensuring the structure is positioned to claim applicable benefits in a compliant manner.

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Services associés

CIS Manager & Collective Investment Schemes
Establish and manage a regulated fund structure in Mauritius, CIS Manager licensing, scheme authorisation, and full fund launch advisory.
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Investment Adviser (Unrestricted)
The broadest advisory and portfolio management mandate from the FSC, for managers operating discretionary mandates for individual institutional or HNW clients.
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Custodian Services (Non-CIS)
Institutional-grade custody services for non-CIS clients, complementing an asset management operation with FSC-licensed safekeeping and asset administration.
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Établissez votre entité réglementée

Nos spécialistes réglementaires identifieront la catégorie de licence optimale et vous guideront à chaque étape du processus de demande.

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