Mutual Fund
A Mutual Fund includes an umbrella fund whose equity interests are split or segregated into different funds or sub-funds and a hedge fund. A Fund Licence may be granted to an IBC, CSL, PCC, Limited Partnership and Unit Trust incorporated/registered in Seychelles or a recognised jurisdiction.
Recognised jurisdictions are:
- Australia
- France
- Malaysia (incl. Labuan)
- Austria
- Germany
- Mauritius
- Belgium
- Gibraltar
- New Zealand
- Bahamas
- Guernsey
- Singapore
- Bahrain
- Holland
- South Africa
- Bermuda
- Hong Kong
- Switzerland
- BVI
- Isle of Man
- UAE
- Canada
- Ireland
- UK
- Cayman Islands
- Japan
- USA
- Cyprus
- Jersey
- Denmark
- Luxembourg
Every Licensed public fund shall have not less than:
- Two natural persons as directors in the case of a company
- Two natural persons as general partners or two natural persons as directors for corporate general partners in the case of a partnership
- Two natural persons as trustees or two natural persons as directors of corporate trustees in the case of a unit trust
There are two types of Fund Administrator’s licence:
- Seychelles Fund Administrator’s licence: authorised to carry on administration for an unlimited number of mutual funds
- Restricted Seychelles Fund Administrator’s licence: authorised to carry on administration solely for specific mutual funds

