|Area||2 040 km2 (788 sq. miles)|
|Population||1.3 million (approx.)|
|Currency||Mauritian rupee (= 100 cents)|
|Main languages||English, French, Kreol morisien|
|Other spoken languages||Hindi, Urdu, Mandarin, Tamil, Telugu, Marathi, Gujarati, Bhojpuri|
|Time zone||GMT + 4 hours|
The Financial Services Commission (FSC) was established as the regulator for the non-bank financial services sector under the Financial Services Development Act 2001. More...
So far Mauritius has concluded 35 tax treaties and is party to a series of treaties under negotiation. Most of the treaties in force have been in existence as from the period when Mauritius launched its global business sector in 1992. More...
The enabling legislation that governs the Global Business sector are the Companies Act 2001, Financial Services Act 2007, Trusts Act 2001, Securities Act 2005, as well as FSC Rules, Codes and Circulars. More...
Mauritius is now recognized as a leading international financial centre for global fund structuring and administration, for investment particularly in Indian, Asian, Middle East and African countries. More...
GWMS is staffed with a skilled and experienced corporate team who can handle any company law or regulatory framework queries and your statutory obligations. More...
Mauritius offers world class real estate residential properties that may be acquired by international investors. These include golf estates, inland or residential properties having a marina concept. More...
A series of articles written by the Managing Director of GWMS. More...
Download the latest updates related to Global Business, provided by GWMS. More...
Downloadable infopacks prepared for international investors and businesses who are seeking a cost and tax efficient jurisdiction for the structuring of their international business activities. More...
View/download the GWMS profile.
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Mauritius is now recognized as a leading international financial centre for global fund structuring and administration, for investment particularly in Indian, Asian, Middle East and African countries. The Companies Act 2001 and Securities Act 2005 are funds-friendly. Foreign recognized schemes may be registered in Mauritius. Lower cost professional and administration support as compared to EU or USA costs combined with treaty benefits enable efficient operation of funds from Mauritius.
GWMS has in-depth expertise in the setting up and administration of global collective investment schemes commonly known as funds. Funds are extensively set up by Foreign Institutional Investors and their Sub Accounts to channel their investments into Asia including India.
The GWMS Fund Solution is, in effect, a highly integrated service provided by qualified and experienced professional and graduate staff, backed by robust technology, which encompasses comprehensive preliminary planning, formation and ongoing administration of the Fund. Each critical step of the Global Licence application process is documented and discussed with the promoters of the Fund to ensure that a coherent and highly professional application and constitutive documents are presented to the authorities for swift licencing. Our international taxation desk provides full assistance to ensure that full benefits are taken of taxation treaties. GWMS's priority, at all times, is to recommend and to enforce procedures to ensure that the companies and Funds it administers are effectively managed from Mauritius.
The strengths of the GWMS Fund Solution are:
GWMS recognizes that its global clients require a Fund Solution that provides a complete, timeous, consistent, accurate, credible and above all a reliable fund accounting system. To assist us to deliver on these objectives, GWMS makes use of its human resources combined with technology in the form of a continuously upgraded fund accounting software.
The following comprise the components of our fund accounting process:
GWMS recognizes the need for and is able to provide support services to investment managers for the purposes of operational flexibility and Mauritius tax residence considerations. Our middle office services include:
The planning phase of the set up process is crucial and often carries the seeds of a later successful implementation of your project. Conversely, delays and costly failures may also result where initiation of a project is done without properly thinking it through. Once our services are retained, we ensure that, at the onset, proper direction is given to the project to guide it through to its logical conclusion through the provision of documented timelines, checklists, explanation of documents required and assignment of responsibility to the various tasks.
GWMS uses an innovative fund accounting technology called Alternate Investment Tracker (AIT) custom developed by Confisys Solutions which is an India-based software company focused on providing software products based solutions to asset management companies and fund administrators in the private equity and hedge funds industry.
AIT is a back-office tool designed specifically for hedge funds operations. GWMS has contributed significantly in its development. The most salient features of AIT are: