Services2019-10-07T06:46:15+00:00

Providing Unparalleled Services

TRUSTEESHIP SERVICES

Sphere can set up and manage trusts governed by the law of Mauritius. Through our network of partners and affiliates worldwide, we are also able to set up and manage foreign trusts.We provide the highest standard of fiduciary services. Our clients can rely on our precision and the fast delivery of strategic solutions to meet their objectives.Our Trust Services include

FORMATION SERVICES

Sphere has a vast experience in company, fund and trust formation. Sphere has set up and administers a number of entities with diverse structures and legal forms.Sphere is duly licensed by the FSC to provide formation services of Mauritian Global Business Companies.

CORPORATE MANAGEMENT SERVICES

Sphere provides full- fledged corporate management services, including, corporate secretarial services, directorship and other administrative services such as:

Opening of
Bank Account

Provision of
Registered Office

Provision of Nominee
Shareholder

Provision of
Corporate Director

Handling transactions
involving letters of credit

Accounting
services

Tax
computation

Additional
administration activities

FUND ADMINISTRATION

Sphere provides a one stop shop for fund administration services encompassing investor relations, NAV calculation, reporting, acting as transfer agent etc..Sphere administers numerous funds investing in various parts of Africa and Asia. It acts as fund administrator for different types of funds

  • Private equity/venture capital funds
  • open-end equity funds
  • Long-short hedge funds
  • Shariah Compliant funds
  • One-tiered structure funds
  • Master-feeder funds
  • Side by side funds
  • Large private equity funds with parallel vehicles and holding companies.

FUND ACCOUNTING

Sphere provides the following accounting services:

  • Keeping accounting records
  • Double entry book keeping
  • Preparing management accounts and investment schedules
  • Calculation of gains and losses
  • Management and performance fees calculations
  • NAV calculations
  • Preparation of financial statements
  • Keeping capital accounts for investors.

COMPLIANCE AND ANTI-MONEY LAUNDERING

Sphere takes full responsibility for conducting due diligence on all parties involved in a company or fund.

TAX COMPUTATION AND ADVICE

Under the Mauritius Income Tax Act 1995, an annual tax return must be filed to the Mauritius Revenue Authority by all Mauritius incorporated companies (apart from GBL2 Companies), and Mauritius tax resident trusts.

Sphere assumes full responsibility for the following:

Tax
computation

Completion of
tax return

Filing for all its clients
operating in Mauritius

COMPANY SECRETARY

Sphere assumes all the statutory responsibilities of a Company Secretary under Mauritius laws for each and every structure it administers, such as:

The in house legal team of Sphere provides support on all legal compliance matters, including the vetting of agreements and contracts pertaining to client businesses.

DIRECTORSHIP

Sphere provides professional directors of high calibre and capable of exercising independence of mind and judgement and have the requisite experience of company and fund administration and management.
It is universally a core requirement that a company is tax resident in a jurisdiction where its central management and control is located. Central management and control is deemed to take place in the jurisdiction where the board of directors of the entity meets to conduct business and take important strategic decisions of the entity.

GENERAL BACK-OFFICE ADMINISTRATION

Sphere provides services which cover all aspects of business administration:

Opening and
operation of bank

Custody, prime
brokerage accounts

Processing bank
transfer instructions

Effecting payments on
behalf of the client entities

Effecting all
regulatory filings

Signing of
agreements

Liaison with
investee company

Processing subscription
& redemption notices

Issuing capital
call notices

Issuing contract notes
for subscriptions

ACCOUNTING OUTSOURCING

Sphere provides complete accounting outsourcing solutions for investment businesses (e.g. trust accounting, accounting for investment funds). The availability and cost of professional accounting skills in Mauritius makes the accounting outsourcing a very attractive offering from Mauritius.

TESTIMONIALS

Our experience with Sphere has been incredible. Despite our being a relatively small fund, their team has been consistently responsive & proactive, amazingly helpful and, most importantly, patient and flexible. Access to their network has been worth its weight in gold. We are grateful to the Sphere team for all they have done and continue to do.

Mr Eghosa OmoiguiEchoVC Partners

With Sphere, I am in safe hands… I can go on holidays now..

Fund Promoter of a mid-sizeUS Equity based Fund

Being in the Financial Services for over 40 years, I have seen a trend where Big Institutions are more concerned about profits than their valued clients. It is therefore pleasing to evidence outstanding service from Sphere. I am most impressed with your service.

Senior Investment AdvisorBased in South Africa

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