Insights
Analysis of FSC regulation, tax reform, treaties and investment opportunities from our licensed team. Page 16 of 21.
The Mauritius International Financial Centre (“MIFC”) remains focused in continuously upgrading its regulatory infrastructure to provide a safe, efficient and world-class experience to the global users of the MIFC. Ever…
Further to the amendments brought by the Finance Act 2019, the Income tax regulations were amended to provide clarity on conditions to be met by resident companies to avail of the Partial Exemption Regime (“PER”)…
Mauritius has, over the past two decades, attracted several high net worth individuals (HNWI) or even ultra-high net worth foreign investors to its shores. While most of these HNWI set up investment vehicles or trading…
Last week, the wealth manager AMP has finally accepted its fate. It has stopped its operations and has put up the ‘For Sale’ sign. As you might have guessed, this was not a sudden decision. The firm had been struggling…
To align the Mauritius International Financial Centre to international norms and standards pertaining to AML/CFT and meet the Financial Action Task Force (FATF) requirements, the Anti-Money Laundering and Combatting the…
Effective from 1 September 2020, contribution to the National Pension Fund (“NPF”) has been abolished and replaced by the Contribution Sociale Genéralisée (“CSG”). Pursuant to the Contribution Sociale Genéralisée…
It might surprise many that Mauritius is not just the perfect holiday destination; instead, it is very well known for being a leading international finance centre. The island is the getaway for US$600 billion of annual…
FATCA/CRS require that every entity be classified pursuant to FATCA/CRS definitions. Everything from a school to a factory to a bank has to determine its classification. One type of classification is a Passive…
Information on beneficial owner- As per Finance (Miscellaneous Provisions Bill 2019) All companies will have to keep an updated records of the information on the Beneficial Owner (BO) or Ultimate Beneficial Owner (UBO)…
In line with international best practices, the law provides a modern vehicle for domestic and international investors to invest in and from Mauritius. The Act provides for a core statement of company law that applies to…
In 2013, the Organisation for Economic Co-operation and Development and G20 countries jointly developed an action plan to address base erosion and profit shifting by multinational enterprises. Essentially, base erosion…
Effective from 1 September 2020, contribution to the National Pension Fund (“NPF”) has been abolished and replaced by the Contribution Sociale Genéralisée (“CSG”). Pursuant to the Contribution Sociale Genéralisée…
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