Public fund or Public mutual fund means any mutual fund which is not a private fund or a professional fund.
The Mutual Fund and Hedge Fund Act, 2008 sets out the guidelines pertaining to the application and licensing of a Public Fund.
General Requirements | Corporate Details |
Entity | IBC Special License Company (CSL) Protected Cell Company Unit Trust Limited Partnership |
License Application Fee | US1,500 |
License Renewal Fee | US 1,500 |
Local Office | Not compulsory |
Register | open to public inspection |
Directors |
|
Minimum Number | Two |
Corporate Directorship | Allowed |
Accounts |
|
Requirement to prepare | Yes |
Audit requirements | Yes |
Requirements to file accounts | Yes |
Share capital |
|
Minimum Subscription | None |
Minimum Investors | None |
Service Providers Required |
|
Auditor | Yes (Local or Foreigner) |
Investment Manager | Yes |
Fund administrator | Yes |
Custodian | Yes |
Public funds licensed in Seychelles are fully exempt from business tax on the income of a fund except where a Company with Special License is used to access double taxation treaty benefits in which case an income tax rate of 1.5% applies.
The exemption also extends to withholding tax (dividends, interest, royalties, capital gains) and stamp duty.
We are a licensed Corporate Service Provider in Seychelles offering company formation and management, together with the comprehensive advice and support that will assist companies of all sizes to establish business operations successfully in Seychelles.
We are a licensed Corporate Service Provider in Seychelles offering company formation and management, together with the comprehensive advice and support that will assist companies of all sizes to establish business operations successfully in Seychelles.
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