JERSEY FUNDS STRUCTURES AND PROVIDERS USE MAURITIUS (WHY?) – ARE YOU MISSING OUT?

Knowing that many Jersey funds utilise Mauritius, you may like to come to a Comsure “learning lunch” on 25 September 2025,

On the 25^th, you'll have the chance to engage directly with two senior executives from Axis Fiduciary Ltd (Axis), a leading independent trust company service provider in Mauritius: Assad Abdullatiff (CEO) and Jean-Claude Permal (COO). They'll share actionable insights on why partnering with Mauritius-based firms can transform your Jersey fund or fund service business.

As we know, Mauritius does not need to be seen as a rival to IFC; it's a complementary gateway that enhances Jersey's strengths through open borders and collaborative innovation. Over the past twenty years, several firms I have introduced to partners in Mauritius have experienced significant growth and success. Just consider the solid presence of JTC, Sanne, APEX, Hawksford, Accuro, and ICECAP, to name but some.

A Jersey-based fund structure and or provider might choose to utilise Mauritius as a jurisdiction for several strategic, regulatory, and operational reasons. Here's a breakdown of the key drivers:

1. Tax Treaty Network & India Access

• Mauritius has 46 tax treaties, including a long-standing Double Taxation Avoidance Agreement (DTAA) with India, which has historically made it a preferred route for India-bound investments.
• Despite recent amendments (2024 Protocol), Mauritius still offers treaty certainty, reduced withholding tax rates, and administrative ease for fund and trust vehicles investing in India.
• The absence of capital gains tax in Mauritius and its treaty access continue to make it attractive, especially compared to jurisdictions like Luxembourg or Singapore, which may have more complex or less favourable treaty terms

2. Strategic Location & Time Zone

• Mauritius is in the GMT+4 time zone, which aligns well with both Asian and African markets, allowing for same-day trading and operational overlap.
• Its geographic proximity to India and Africa makes it a natural hub for cross-border investment flows targeting these regions

3. Regulatory & Legal Framework

• Mauritius offers a robust, flexible, and internationally compliant regulatory regime, overseen by the Financial Services Commission (FSC).
• Fund structures can be set up as:
• Companies
• Limited Partnerships
• Protected Cell Companies (PCCs)
• Trusts
• Variable Capital Companies (VCCs)
• The VCC regime allows for umbrella structures with segregated sub-funds, offering operational and cost efficiencies

4. Business Environment & Cost Efficiency

• Mauritius ranks highly in Ease of Doing Business and Ease of Paying Taxes globally.
• It is considered a cost-effective jurisdiction compared to other IFCs like Luxembourg or Singapore.
• The jurisdiction is known for its skilled workforce, modern infrastructure, and political stability

5. International Recognition & Compliance

• Mauritius is fully compliant with OECD BEPS standards, including the Principal Purpose Test (PPT) and economic substance requirements.
• It is not on any central international blacklist and is seen as a jurisdiction of substance, which is increasingly essential for fund managers and institutional investors

6. Complementarity with Jersey

• Jersey and Mauritius can be used complementarily:
• Jersey for European investor access, governance, and regulatory credibility.
• Mauritius for India/Africa-focused investment flows, tax efficiency, and operational support.
• This dual-jurisdiction approach is beneficial for multi-jurisdictional fund structures or master-feeder arrangements.

YOUR INVITATION

Unlock New Opportunities: How Collaborating with Mauritius Can Supercharge Your Jersey Trust & Fund Services and Client Outcomes

I thought I would reach out and ask if you or a colleague would be interested in a “learning lunch”

I am extending an exclusive invitation to a select group of Jersey businesses for a relaxed working lunch on 25 September 2025, where you can connect with like-minded experts and learn how Mauritius acts as a powerful enabler for Jersey clients' international structuring needs, along with other business benefits.

On the 25^th, you'll have the chance to engage directly with two senior executives from Axis Fiduciary Ltd (Axis), a leading independent trust company service provider in Mauritius: Assad Abdullatiff (CEO) and Jean-Claude Permal (COO). They'll share actionable insights on why partnering with Mauritius-based firms can transform your practice, particularly when you or your clients need:

• Tax Optimisation via DTAs: Leverage Mauritius's extensive network of over 40 double taxation agreements to slash withholding taxes and potentially eliminate capital gains taxes, ideal for investments in Africa and India, far surpassing direct Jersey routes.
• Low or No Taxation on Offshore Entities: Utilise Global Business Companies with tax exemptions or effective rates as low as 3%, free from capital gains, estate, inheritance, or gift taxes, perfectly complementing Jersey's tax-neutral environment.
• Hybrid Legal System and Flexible Structures: Benefit from a blend of English common law and French civil law, offering versatile tools like trusts, foundations, and partnerships for superior asset protection and seamless integration with Jersey trusts.
• Gateway to Africa and India: Position your clients for efficient entry into booming markets, with Mauritius as a significant foreign investment hub that minimises risks and operational hurdles.
• Cost Savings and Efficiency: Tap into Mauritius's lower costs for administration and services, delivering reduced fees, enhanced time-zone flexibility, and high-quality support to your clients.
• Enhanced Privacy and Asset Protection: Combine Mauritius's robust confidentiality, political stability, and protective laws with Jersey structures for multi-layered defences against creditors and legal risks.

This intimate session promises not just knowledge but real networking opportunities to forge partnerships that drive mutual growth.

Event Details:

• Date: 25 September 2025
• Time: 12:00 – 14:00 (Noon to 2:00 PM)
• Cost: Complimentary
• Venue: The Royal Yacht Hotel, Jersey

Spaces are limited (15) to ensure meaningful discussions. RSVP today to secure your spot!

CPD – Yes, Comsure will issue certificates

RSVP: Mathew@comsuregroup.com – yes, I would be delighted to come along, or sorry, I cannot make it

About Axis Fiduciary Ltd: Established in 2008, Axis is an independent, owner-managed corporate service provider headquartered in Mauritius, with offices in Seychelles, the UAE, and India, plus representatives in Kenya and Luxembourg. Specialising in corporate, fiduciary, fund administration, and private client services, Axis excels in structuring solutions tailored for Africa and India. Visit www.axis.mu for more.

We look forward to welcoming you and exploring how this collaboration can propel your business forward.

Best regards,

Mathew