Insights
Analysis of FSC regulation, tax reform, treaties and investment opportunities from our licensed team. Page 17 of 21.
The Inland Revenue Service of Singapore (“IRAS”) informed in a media release today, that the reciprocal FATCA IGA signed between #Singapore and the #US in November 13, 2018 will enter into force on January 1, 2021. In…
The Financial Services Commission (FSC) has, on 15 June 2020, issued its guidance notes concerning the implementation of a common set of standards for Security Token Offerings (STO) and the licensing of Security Token…
Essar Steel Ltd v Arcelormittal USA LLC The Court of Civil Appeal of the Supreme Court of Mauritius has recently opined in the case of Essar Steel Ltd v Arcelormittal USA LLC [2020 SCJ 191] that the directors of a…
On 31 August 2020, the Mauritian Financial Services Commission (“FSC”) published the licensing criteria for Peer-to-Peer (“P2P”) lending. Prior to this, P2P Ooperators were operating under the regulatory sandbox…
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…
Post the presentation of the National Budget 2020/2021 on 04 June 2020, entitled ‘Our New Normal: The Economy of Life’, The Finance (Miscellaneous Provisions) Act 2020 (the Act) was promulgated on 07 August 2020. The…
Occupation Permits (Ops) OPs were issued for an initial period of 3 years but this has now been extended to 10 years for both the Investor OP and Self-employed OP. For the Professional OP, the validity period remains…
Financial Intelligence and Anti- Money Laundering Act amended Section 2 “legal person” – (a) means any entity, other than a natural person; and (b) includes a company, a foundation, an association, a limited liability…
Here are the changes made by the government of Mauritius in favor of foreigners who wish to settle in the territory Persons who are resident in Mauritius now include a person who holds immovable property under the…
For quite some time, offshore banking has been considerably gaining in popularity. While it was previously seen as something reserved for skilled financial experts, big corporations or the super wealthy, it is becoming…
The offshore banking sector is constantly evolving. While it used to be a luxury for the extremely wealthy a few years back, that is no longer the case. In fact, academic research has proven that the demand for offshore…
Book a free, no-obligation consultation with our licensed team. We will map out the right structure, licence and timeline for your goals.
