Insights
Analysis of FSC regulation, tax reform, treaties and investment opportunities from our licensed team. Page 15 of 21.
There has been some major changes brought to the personal taxation in Mauritius, as announced in the 2020-2021 budget for Mauritius. Amongst others, the solidarity levy was reviewed and meant to be applicable to…
Money laundering hurts in many ways. Money laundering not only hides the revenues of criminals’ illegal activities, but it can also harm the economy and pose many risks to your business. Allowing money laundering…
The FATF is aware of press reports about the disclosure of suspicious activity reports (SARs) documents filed by financial institutions with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network…
While virtual assets have revolutionised the financial industry, they have created new opportunities that ‘facilitates’ the process of money laundering, terrorist financing and other criminal activities. Criminals are…
In countries with low- or no tax, firms must have staff, premises, expenses and activities aligned with the company’s nature. South African companies in so-called low- or no-tax jurisdictions should take heed to the…
News that Mauritius was added to the EU list of high-risk third countries on 7 May 2020 has understandably caused much consternation amongst fund managers who have fund structures and investment holding vehicles…
On the 31st August 2020 the Financial Services Commission of Mauritius has issued an updated practice notes for qualified trustees and management companies. You may access the updated practice notes as per link below…
The Mauritian government has made changes to investment thresholds, the extension of work, residence, retirement permits, and attractive property acquisition options. This has led to renewed interest in the country from…
The risk assessment identified the following six types of NPOs as meeting the FATF definition of NPOs Nature of the TF Threat to NPOs in Mauritius 1. The abuse of NPOs to promote extremist ideologies. 2. The abuse of…
The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. A politically neutral ranking, it is a tool for understanding global financial secrecy…
Mauritius has signed and deposited, on 4 September 2020, its instrument of ratification of the Protocol amending Convention for the Protection of individuals with regard to automatic processing of personal data (CETS…
On 26 August 2020, the Bank of Mauritius has signed a Memorandum of Cooperation (‘Memorandum’) with local Anti-Money Laundering and Combatting the Financing of Terrorism (‘AML/CFT’) Supervisors. The Memorandum aims to…
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