ARTICLE · 20 JANUARY 1997

Incorporation Of Offshore Funds In Mauritius

Mauritius International Management Ltd

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There are various requirements which have to be met to satisfy the Mauritius Offshore Business Activities Authority (MOBAA) which will approve the registration of the Fund and allow the incorporation of the company.

MOBAA requires first of all that the Managers and Investment Advisers of the proposed offshore fund be registered with the investment authorities of their jurisdiction.

The following information has to be supplied to MOBAA in support of an application:

1. Information Memorandum on the Fund.

2. Memorandum and Articles of Association.

3. Management Agreement with Mauritius Management Company.

4. Mauritian Custodian Agreement. The custodian is usually a bank operating offshore in Mauritius.

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