Services / Structures / CIS Manager
CIS Manager
Fund management licensing under the Securities Act 2005.
A Mauritius CIS Manager Licence enables a licensed entity to manage Collective Investment Schemes and Closed-End Funds, subject to the scope of its FSC authorisation. The CIS Manager is responsible for investment management and oversight of funds under its management, while specialist functions such as fund administration, NAV calculation and transfer agency may be performed by appropriately appointed service providers.
What's included
- 01
CIS Manager Licence application
- 02
GBL incorporation
- 03
Fund administration setup
- 04
Transfer agency facilities
- 05
AML / CFT framework for funds
- 06
Compliance officer appointment
- 07
Investment committee structuring
- 08
Business plan and financial projections for FSC
- 09
Professional Indemnity Insurance (PII)
- 10
NAV calculation and accounting
- 11
FSC reporting and ongoing compliance
- 12
Banking and custody coordination
Designed For
International fund houses
Managing multiple funds globally including Mauritius-domiciled vehicles.
Emerging managers
First or second-time managers establishing a regulated fund platform.
Multi-strategy platforms
Consolidating fund management under one CIS Manager umbrella.
Family offices
Running discretionary mandates as professional funds.
How we work
- 01
Scoping
Fund strategies, target investors, jurisdictions, and treaty needs.
- 02
Entity
GBL incorporation with MUR 1 million minimum capital and governance framework.
- 03
Team
Investment Committee, Compliance Officer, MLRO and Deputy MLRO appointment.
- 04
Application
FSC submission with policies, fit-and-proper declarations, and fund documentation.
- 05
Launch
Licence grant, banking live, NAV calibration, ongoing compliance cycle begins.
Markets we serve
Related services
Common questions
CIS Manager vs CIS Administrator
Role
CIS Manager
Full fund management: portfolio management, distribution, accounting, investment advice
CIS Administrator
Administrative services: registrar, transfer facilities, accounting, reporting
Capital requirement
CIS Manager
MUR 500,000 (~USD 11,000)
CIS Administrator
MUR 250,000 (~USD 5,500)
Regulatory oversight
CIS Manager
Direct FSC supervision
CIS Administrator
Indirect supervision via fund
Scope
CIS Manager
Investment decisions, strategy execution, investor relations
CIS Administrator
Operational administration, compliance reporting
Self-managed fund vs licensed CIS Manager
Approach
Self-managed
Fund manager obtains own CIS Manager licence
Licensed CIS Manager
Use external CIS Manager service provider
Suitable for
Self-managed
Larger fund platforms, multiple strategies
Licensed CIS Manager
Single-strategy funds, cost-sensitive
Control
Self-managed
Full control over operations
Licensed CIS Manager
Operational control with service provider
Cost
Self-managed
Higher setup and ongoing compliance costs
Licensed CIS Manager
Lower setup, variable ongoing fees
Get started
Speak with our Fund Structuring Team
Whether you're applying for a CIS Manager licence or structuring a new fund, we'll guide you through the FSC process and operational setup.