FEATURED: DTOS Ltd, a leading Fund services company, shares its expertise and extends its funds capabilities into Rwanda

In recent years, more funds are being established with specific purposes for Africa, creating a need for an efficient and reliable fund administration service on the continent. As the fund industry continues to grow and mature, development finance institutions (DFIs) and fund managers should take greater advantage of the Rwandan jurisdiction for the incorporation and administration of their funds. Fund administration services encompass the incorporation & licensing, setting-up of the fund, management & administration, accounting services, NAV Calculation, tax filling, organisations of board meetings and other general fund administration services. DTOS International (Rwanda) Ltd is the first company to receive a Trust and Corporate Service Providers (TCSP) Licence and Fund Administration Licence by the National Bank of Rwanda (BNR) and a license from the Capital Market Authority (CMA) to provide Fund Administration services in Rwanda. The Mauritius-based group DTOS has been operating in the Financial Services Industry for 30 years. It’s a 100% Mauritian success story that has actively contributed to and fuelled the development of the global business sector since its inception, by providing the care and advice to corporate and individual clients for all their administration, accounting, tax and estate planning needs and has been instrumental in structuring clients’ legal and financial vehicles for investment into Asia, Africa and other parts of the world in an ever-evolving regulatory landscape. Today, DTOS Group employs 260 professionals working in their Head Office in Mauritius and regional offices in Dubai, Nairobi and soon Kigali. Why Kigali? Proud of their Mauritian heritage, DTOS was naturally inclined to cater for regional jurisdictions and wealth of opportunities that exist on the continent. Thus, the Group is now consolidating its regional presence in mainland Africa with an ambition for DTOS to become the leading Management Company to serve African clients and accompany new investors into the continent. They have closely monitored Rwanda’s economic potential for the last few years and have witnessed the commitment shown by the Rwandan authorities and promotion agencies to have a coherent and well-packaged environment conductive to the setting up of an IFC. DTOS is therefore convinced that the KIFC will be a fund jurisdiction for Africa-centric investments going forward. The jurisdiction’s powerful slogan used to promote itself – a financial centre in Africa and by Africans – resonate deeply to DTOS. Hence, for the Mauritian Group, being based in Kigali is a catalyst to connect the dots between Europe, China, India, and Middle East with Africa. DTOS value proposition for Rwanda As DTOS group ascertain itself as a true regional Corporate and Fund Administration Service provider, an expansion to Kigali was the right option. For DTOS, this presence in Rwanda really complements its offering and value proposition in Mauritius and in Dubai. The group strategy lies into finding new growth opportunities and they intend to go the extra mile on the African soil which made them build inroads in emerging jurisdictions such as Rwanda. Thanks to its regional footprint, they can easily look at clients’ businesses or hand-hold investors as they expand through their offices based in East-Africa and Dubai. The CEO, Jimmy Wong shares is views that this Mauritius, East-Africa and Dubai connection is a fantastic opportunity which puts his Group in a unique position to better service clients and laid the foundation for significant growth in this region. DTOS is supporting fund managers in KIFC by positioning itself in an IFC that is Africa Focused. With boots on the ground and investing heavily in people and infrastructure, DTOS is able to assist them to the best of its capabilities. The Group ambition is to deliver a cutting-edge service according to the expectation of the funds industry in Kigali so that the jurisdiction can play a similar role for the Continent development, as Singapore did in Southeast Asia.

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FEATURED: DTOS Ltd, a leading Fund services company, shares its expertise and extends its funds capabilities into Rwanda