WHO SHOULD INVEST?
The Fund is designed for expert investors, who are willing to subscribe for a minimum initial investment of USD 100,000 or equivalent in another currency and who are also aware of the risks and returns of such investment.
An expert investor is defined under the Securities (Collectives Investment Schemes and Closed-End Funds) Regulations 2008 as:
(i) an investor who makes an initial investment, for his own account, of no less than US$ 100 000; or
(ii) a sophisticated investor as defined in the Securities Act 2005 or any similarly defined investor in any other securities legislation.
It is the optimal structure for African, Asian and Middle Eastern investors wishing to reap from the ever growing attractiveness of the Swiss economy as a sustainable mean of risk diversification.
- Investment Promotion and Protection Agreements (IPPAs) and Double Taxation Avoidance Agreements (DTAAs) signed with a number of countries;
- Harbours a favourable investment climate and is well recognised for its political stability, sound economic policy and good governance; and
- No capital gains tax.
The Fund has appointed JurisTax Ltd (the “Fund Administrator”), a Management Company regulated by the Financial Services Commission of Mauritius and acting as administrator and company secretary. JurisTax Ltd is also an ISO 27001 certified firm. The Fund Administrator provides registration, secretarial services and fund administration services in Mauritius. It is responsible for all relevant customer due diligence and anti-money laundering procedures. The Fund Administrator is also responsible for the Net Asset Value (“NAV”) calculation through the specialised system, PFS Paxus.
Headquartered in Port Louis, Mauritius, Bank One Limited is a universal bank serving the four main segments namely consumer banking, corporate, private and international. Bank One Limited provides a wide range of banking products to its clients through a chain of 13 branches across the island. The bank also offers treasury services and has developed strong capabilities in e-commerce acquiring. Besides being a high-street bank, Bank One Limited is licensed by the Financial Services Commission to act as an Insurance Agent, distributor of financial products, investment advisor and custodian. Bank One Limited also has a representative office in South Africa.
JGK Associates is a team of Chartered Certified Accountants, Business Consultants and Financial Advisers which provides statutory and ad-hoc corporate services, ranging from audit, accounting, administration, tax, compliance and advisory. The firm is a licensed auditor and is regulated by the Financial Reporting Council. It is also a registered firm under the Mauritius Institute of Professional Accountant (MIPA). JGK Associates already has, in place, the latest technology and resources to conduct audits in accordance with International Standards of Auditing and follows the IFAC Code of Ethics.
Juristconsult Chambers is a leading law firm in Mauritius and the region. For over twenty-four years, Juristconsult has advised its clients who wish to invest in Mauritius or in the Global Business Sector. The members come from various legal backgrounds, having been educated and professionally trained both in Mauritius and in other jurisdictions such as France and the United Kingdom. They are all well versed in the Mauritian legal and business environment and most of them practise at the Mauritian Bar.