Shianee Calcutteea, Sahirun Subadar and Vartika Sahai explore the benefits of variable capital companies.

Mauritius has recently introduced a new type of corporate vehicle - the variable capital company (VCC).

The Minister of Finance first introduced the concept of VCCs in his budget speech for the period 2020 to 2021, where he also discussed the need to enhance the competitiveness of the country’s financial services sector by introducing new vehicles such as the VCC.

The Variable Capital Companies Act was thereafter passed by the National Assembly on 12 April 2022 and received the President’s assent on 14 April 2022, although it is yet to come in force on a date to be fixed by proclamation. 

What are VCCs?

VCCs complement the available types of fund structures in Mauritius by enabling the sett...

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