Local incorporation required for investing in several other financial services, including in relation to fund and fund management activities.
"A fund to be registered
8.(1) No person shall conduction pension fund business in Lesotho unless that business is registered as a pension fund under this Act.
[...]
Effect of registration of a fund
11.(1) A fun registered under this Act, shall - (a) be a body corporate, governed by a board, and capable of suing and being sued in its own name; [...]" (Pension Fund Act, 2019)
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[Local incorporation required for various other financial services. Please refer to the linked legislation: Central Bank of Lesotho (Collective Investment Schemes) Regulation, 2018; Insurance (Licensing of Insurance Intermediaries) Regulations 2016; Financial Institutions(Financial Lease) (Amendment) Regulations 2018; Credit only and deposit taking Micro-Finance Institutions Amendment Regulations 2018]
Pension Fund Act, 2019
Central Bank of Lesotho (Collective Investment Schemes) Regulation, 2018
Insurance (Licensing of Insurance Intermediaries) Regulations 2016
Financial Institutions( Financial Lease) (Amendment) Regulations 2018
Credit only and deposit taking Micro-Finance Institutions Amendment Regulations 2018
[<a href="https://www.centralbank.org.ls/images/Legislation/Supervision/Acts/Insurance/Pension_Fund_Act_2019.pdf">Act</a>],[<a href="https://www.centralbank.org.ls/images/Legislation/Supervision/Regulations/Insurance/CENTRAL_BANK_OF_LESOTHO_COLLECTIVE_INVESTMENT_SCHEMES_REGULATIONS_2018.pdf">Reg</a>],[<a href="https://www.centralbank.org.ls/images/Legislation/Supervision/Regulations/Insurance/Lesotho%20Government%20Gazette%20No.%2061.pdf">Reg</a>],[<a href="https://www.centralbank.org.ls/images/Legislation/Supervision/Regulations/Non-Banks/Financial_Institutions_Financial_Lease_Amendment_Regulations_2018.pdf">Reg</a>],[<a href="https://www.centralbank.org.ls/images/Legislation/Supervision/Regulations/Non-Banks/FINANCIAL_INSTITUTIONS_CREDIT_ONLYAND_DEPOSIT_TAKING_MICRO-FINANCEINSTITUTIONS_AMENDMENT_REGULATIONS_2018.pdf">Reg</a>]