Sunibel Corporate Services

Category: Articles

Choosing the right Private Equity Fund structure for your investments

Every Private Equity Fund is unique in itself when it comes to operations, and its structure differs accordingly. By devising a robust investment strategy, Fund Managers are able to mitigate business risks in order to foresee an optimistic overview on Internal Rate of Returns and impact where applicable. The concept of fund structuring is highly […]

Protected Cell Companies in Mauritius – Everything you need to know

Introduced in 2000 under the Protected Cell Companies Act 1999 of Mauritius, a Protected Cell Company (PCC) is a Special Purpose Vehicle that authorises the lawful separation of assets owned by each cell of the company. Also known as a Segregated Portfolio Company in some jurisdictions, the PCC allows for more security and flexibility for […]

Mauritius Budget brief 2019-2020: The transformative journey continues towards “embracing a brighter future”

The Honourable Pravind Kumar Jugnauth, Prime Minister and Minister of Finance and Economic Development of the Republic of Mauritius, on 10th June 2019 presented the National Budget, the last of the current Government’s mandate before the forthcoming general elections. Themed “Embracing a brighter future together as a nation”, the Budget pursues the approach of improving […]

FinTech: Mauritius becomes the first jurisdiction in the world to issue Custodian Services Licence for Digital Assets

In 17th September 2018, Mauritius recognised Digital Assets as an asset-class for investment by Sophisticated and Expert Investors, Expert Funds and Specialised Collective Investment Schemes – through the guidance notes of the Financial Services Commission (FSC). In March, the commission set out the regulatory framework relating to the custody of digital assets, effective as from […]

Structuring your Private Equity Fund in Mauritius: choosing the right Fund Administrator

The notion of effective fund administration over the life of a Private Equity Fund (‘PE Fund’) is critical. Over and above the role of the Fund Manager (inclusive and its relative sub-committees), the expertise and robustness of the effective Fund Administrator definitely helps in achieving value creation. By appointing a good Fund Administrator, the Fund […]

Shareholder disputes: How it affects your business and how to prevent it

Shareholder disputes are disagreements between shareholders. It may concern the governance of the company, or other essential elements such as the company’s processes or finances amongst others. The best way to prevent shareholder disputes is to have in place, a clear and robust Shareholders’ Agreement, right from the start.   How can shareholder disputes affect […]

Termination of exemption of work/occupation permit for foreign spouses of Mauritian citizens

Amendments brought to the Regulations under the Non-Citizens (Employment Restriction) Act sees the termination of the exemption, for foreign spouses of Mauritian citizens, to have a work/occupation permit to be able to work in Mauritius. Statistics Mauritius estimates the number of foreign workers at 29,400 in 2018 (i.e. 4.79% of the current workforce, which stands […]

Authorised Company in Mauritius – All you need to know

The Finance (Miscellaneous Provisions) Act 2018 amended the Financial Services Act to introduce a new type of company: the “Authorised Company”. Since its introduction last year, the Financial Services Commission (FSC) has issued 859 Authorised Company Licences. During his 2018/2019 Budget Speech on 14th June 2018, Hon. Pravind Kumar Jugnauth, Prime Minister and Minister of […]

Mauritius maintains Baa1 credit rating thanks to its diversified economy and development policies

In its latest countrywide evaluation, Moody’s Investors Service has maintained its Baa1 credit rating for Mauritius. Moody’s highlight that the island’s upper-middle income and diversified economy, economic development policies and stable political environment are factors that sustain its credit profile. “Resilience and diversification of the local economy, and robust institutional capacity” has helped Mauritius maintain […]

The general mechanisms behind a Private Equity Fund

A Private Equity (also referred to as a Closed-End Fund) is a form of alternative investment. It is a pooling of funds from selective investors that invests directly into private companies. An investment in a Private Equity is suitable for various types of investors such as an institutional investor, who is able to evaluate the […]