Seychelles Public Fund
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.
Overall Legal Requirements
|General Requirements||Corporate Details|
Special License Company (CSL)
Protected Cell Company
|· Local Office||Not compulsory|
|· Register||open to public inspection|
|· Minimum Number||Two|
|· Corporate Directorship||Allowed|
|· Requirement to prepare||Yes|
|· Audit requirements||Yes|
|· Requirements to file accounts||Yes|
|· Minimum Subscription||None|
|· Minimum Investors||None|
|Service Providers Required|
|· Auditor||Yes (Local or Foreigner)|
|· Investment Manager||Yes|
|· Fund administrator||Yes|
The exemption also extends to withholding tax (dividends, interest, royalties, capital gains) and stamp duty.