MAURITIUS
Comoros
Madagascar
Mauritius
Law and Practice Contributed by: Fazil Hossenkhan, Nafiisah Jeehoo, Kelly Li and Alicia Kwan Pang Bowmans
Réunion (Fr.)
Contents 1. General p.201 1.1 General Overview of Jurisdiction p.201 1.2 Key Trends p.201 2. Funds p.202 2.1 Types of Alternative Funds and Structures p.202 2.2 Regulatory Regime for Funds p.204 2.3 Disclosure/Reporting Requirements p.204 2.4 Tax Regime for Funds p.204 2.5 Loan Origination p.205 2.6 Non-Traditional Assets p.205 2.7 Use of Subsidiaries for Investment Purposes p.206 2.8 Local/Presence Requirements for Funds p.206 2.9 Rules Concerning Service Providers p.206 2.10 Anticipated Changes for Funds p.206 3. Fund Managers p.206 3.1 Origin of Promoters/Sponsors of Alternative Funds p.206 3.2 Legal Structures Used by Managers p.206 3.3 Regulatory Regime for Managers p.206 3.4 Tax Regime for Managers p.207 3.5 Rules Concerning Permanent Establishments p.207 3.6 Taxation of Carried Interest p.207 3.7 Outsourcing of Investment Functions/Business Operations p.208 3.8 Local Substance Requirements p.208 3.9 Change of Control p.208 3.10 AI and Use of Data p.208 3.11 Anticipated Changes for Fund Managers p.208
4. Investors p.208 4.1 Types of Investors in Alternative Funds p.208 4.2 Side Letters p.208 4.3 Marketing of Alternative Funds to Investors p.208 4.4 Rules Concerning Marketing of Alternative Funds p.209 4.5 High Net Worth or Retail Investors p.209 4.6 Private Placements p.209 4.7 Compensation and Placement Agents p.209 4.8 Tax Regime for Investors p.209 4.9 Double Tax Treaties p.210 4.10 Foreign Account Tax Compliance Act (FATCA)/ Common Reporting Standard (CRS) Compliance Regime p.210 4.11 Anti-Money Laundering (AML) and Know Your Customer (KYC) Regime p.211 4.12 Data Security and Privacy for Investors p.212 4.13 Anticipated Changes for Investors p.212
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