Today marks the return of the Mauritius International Financial Centre to FATF’s white list after months of successful monitoring from the organisation. The financial sector in Mauritius for the past twenty months felt the pinch...

Mauritius thirty years back was in its early days of a newly born financial services sector. The country started to build a reputation for itself with the hospitality and textile industries growing steadily, coupled with...

Introduction The Foundation Act 2012 (''Act'') was established on the 1st July 2012, creating a legal framework for the registration of foundations in Mauritius, adding to the existing global financial services laws, including trusts. The...

The Hon. Minister of Finance of the Republic of Mauritius presented the National Budget 2021/2022 for Mauritius on 11th June 2021.... CONTENT 1. Measures for Global Business Reinforcement of the Regulatory FrameworkIntroduction of Innovative ProductsEase...

On 6 March 2021, the Mauritius Financial Services Commission (FSC) released the Financial Services (Special Purpose Fund) Rules 2021. The Financial Services (Special Purpose Fund) Rules 2021 revokes the Financial Services (Special Purpose Fund) Rules...

Section 14C of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) requires all Reporting Persons as defined under FIAMLA to register with the Financial Intelligence Unit (FIU) within such time as may be prescribed....

On 04 September 2020, the Real Estate Agent Authority Act received the assent of the President of Mauritius. The Real Estate Agent Authority Act seeks to provide for the establishment of a Real Estate Agent...

Mauritius is a popular residence destination for foreigners due to its tropical sceneries, pleasant climate, well-established property rights, availability of household helpers, competitive currency and low cost of living. Furthermore, non-citizens have the possibility of...

  Effective as from September 2020, a new pension scheme called Contribution Sociale Généralisée (CSG) or Generalised Social Contribution is replacing National Pension Fund contributions. While the standard Basic Retirement Pension of MUR 9000 will...

Download our At a Glance - Solidarity Levy document   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...

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...

Credit ratings play a very important role in modern capital markets. Since the global financial crisis, expansionary monetary policies characterised by historically low interest rates have promoted the use of debt as a viable source...

The Anti-Money Laundering and Combating the Financing of Terrorism (Miscellaneous Provisions) Act 2020 has been approved by the Parliament of Mauritius and gazetted (GN No. 85) on 9 July 2020. A brief on the salient...

The Covid-19 outbreak was declared by the World Health Organisation as a public health emergency of international concern on 30 January 2020. Large parts of the world have been put in lockdown situations with the...

While emphasizing on the unprecedented crisis caused by the COVID 19 pandemic and its relative pitfalls on the world economic affairs, the Hon. Minister of Finance of the Republic of Mauritius presented the National Budget...

For French version - see below Mauritius was placed into lockdown restrictions for an initial period of two weeks as from 20 March 2020 and a curfew began being enforced as from 23 March 2020....

On 13 April 2020, further to an order issued by the Ministry of Finance of India, Mauritius was specifically declared by the Securities and Exchange Board of India (SEBI) to be an eligible country for...

Kindly scroll down for French Version Dear Clients and Business Partners, Further to our two previous communiques, we would like to share with you the latest updates on the situation related to COVID-19 in Mauritius. Since...

A curfew order is effective in Mauritius as from Monday 23 March 2020 to 2 April 2020. Please refer to the website links below for additional information regarding the evolution of COVID-19 and how authorities in...

Digital assets are unlike many traditional assets in that they exist solely in digital form while functioning as bearer instruments whose ownership are not recorded by any trusted party or central repository. Given that many...

Public key cryptography, or asymmetric cryptography, is an encryption method that makes use of advanced mathematics to produce a set of public and private keys. As an essential component of modern cryptosystems, applications and protocols,...

Effective from 1 March 2020, the foreign earnings tax exemption currently enjoyed by many South African expatriates will be limited to the first ZAR 1 million of such income. In response, some advisors have been...

Crowdfunding is the practice of raising finance through a large number of persons who individually contribute relatively small amounts of money to support a business venture, or projects across various fields. Typically carried out through internet...