Custodian Services (Digital Asset) License
CIS with or without CIS Manager
Global Business License or Domestic Company
A Collective Investment Scheme (“CIS”) may be constituted as a company limited by shares, a trust, or any other legal entity prescribed or approved by the Commission. The purpose of a CIS is the collective investment of funds in a portfolio of securities, or other financial/digital assets. The operation of a CIS is based on the principle of diversification of risk.
The assets of the CIS shall not be held for safekeeping by a person other than a person licensed as a custodian and who shall be independent from the CIS manager.
The CIS Manager and its officers shall, in exercising their powers and duties:
- act honestly.
- exercise the degree of care and diligence that would be reasonably expected of a person in that position.
- act in the best interests of the participants in the scheme and, where there is a conflict between the interests of the participants and their own interests, give priority to the participant’s interests.
If you wish to set up your Crypto Fund, it is recommended to be structured by way of a Global Business License Company or a Domestic Company incorporated under the laws of Mauritius. You will need to apply for the Custodian Services (Digital Asset) License from the Financial Services Commission that will enable you to carry out the intended custodian services.
As far as the Collective Investment Scheme and the CIS Manager (Optional, as a CIS may be Self-Managed) are concerned, same may be structured as a Global Business License Company or a Domestic Company.
If you want further details on the Licensing Criteria from the FSC for a Collective Investment Scheme, please click on ‘Learn More’.