News
Leveraging on an in-house team of skilled researchers, and on a network of specialist consultants, we are fully geared to regularly issue news alerts, tax alerts and research documents which assist our leads and clients in their investment decisions.
UAE – THE PLATFORM FOR KENYAN COMPANIES
The United Arab Emirates has become one of the world's most important business hubs in recent years, attracting many companies from all over the globe. Kenyan companies looking to expand their international business can benefit...
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DIFC Venture Capital Fund
DIFC’s Venture Capital Fund framework is a popular choice for local and international investors looking to set up funds with better benefits, more opportunities, and lower set-up costs. Dubai ranks as one of the world's...
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GLOBAL MINIMUM TAX PILLAR 2: THE GLoBE RULES PART 2
Introduction In our first article (Part 1) on GMT published in February 2023 we delved into the meaning, aims and scope of the Globe Rules (Pillar 2) as well as the five steps approach for...
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PART 1: The GloBE rules Pillar 2 explained
Introduction In October 2021, over 135 jurisdictions, members of the BEPS Inclusive Framework (including Mauritius) agreed to a plan to update key elements of the international tax system which are considered no longer appropriate in...
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FATF grey list – South Africa under increased monitoring
South Africa financial system fell short of internationally recognised standards of due diligence as detected by the Financial Action Task Force (FATF) in October 2021. As a financial hub of prime importance in the region,...
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Investing in East Africa, opportunities and challenges and how DTOS can help
Africa, the sleeping giant When it comes to investment opportunities, Africa is largely considered to be a sleeping giant within the global economy. Interest in the continent has increased significantly in recent years due to global success...
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OECD Multilateral Instrument (MLI) to implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS)
The Mauritius Revenue Authority (MRA) has, in the recent past, published on its website an article on the Impact of the MLI on the Mauritius Tax Treaties. The purpose of this present write-up is to...
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The Future of Compliance
“The Compliance function is primordial to the long-term sustainable growth of an organisation” Compliance in a nutshell? The world of compliance has evolved dramatically in the last few years, first of all due to COVID...
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THE PRIVATE EQUITY LANDSCAPE IN EAST AFRICA
Earlier this month, I had the opportunity to attend the 3rd Private Capital Conference in Tanzania which was hosted by EAVCA in collaboration with UNDP. Having been held last in 2019, it was great to...
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THE EMERGENCE OF AFRICA AND HOW DUBAI IS HELPING
This month, I participated in ‘AFSIC – Investing in Africa’ as a speaker and panelist to discuss the topic, ‘This is Africa’s Century, an Overview of Africa’s Economic Emergence’, moderated by Titus Nampala alongside fellow...
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SIX THINGS YOU NEED TO KNOW TO BE COMPLIANT IN THE UAE
The United Arab Emirates (UAE) is a sought-after destination for investors, international organisations, and start-ups alike. With an economy that is expected to grow by over 5% in 2022, as well as high vaccination rates,...
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REGISTERING A WILL IN THE UAE
Having certainty in relation to succession and inheritance matters is a very important aspect for every individual. One would always want to be sure she/he is fully aware and is fully satisfied with the way...
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ACCESS TO TRADE FINANCE FOR SMEs
Global volatility makes SME trade finance more vital than ever – here’s how to get it Global trade is more volatile than ever, but with change comes opportunity, making the current circumstances a good time...
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DTOS UAE & PRISM CHAMBERS TAX ALERT: CONSULTATION DOCUMENT FOR THE IMPLEMENTATION OF CORPORATE TAX IN THE UAE
DTOS-PRISM-Tax-Alert-May-22Download
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PCC to VCC:FAVOURING THE EASE OF DOING FUNDS IN MAURITIUS in 2022
Fund incorporation and administration are an important component of global business activities in Mauritius. They have fuelled the overall financial services system of countries like Luxembourg, Netherlands, Ireland, Singapore and Mauritius amongst others. Through decades,...
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THE INCOME TAX (REGULATIONS) AMENDMENT 2022
Our tax alert for the month of April addresses three key tax developments regarding the following; E-commerce platform Investment dealer license; and Specialised softwares and systems The Income Tax (Regulations) Amendment 2022 was gazetted at...
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Business Opportunities in East Africa
East Africa Community The East African Community (EAC) is an intergovernmental economic union which aim to facilitate trade within its partner countries among other initiatives. The member countries of EAC are namely Burundi, Kenya, Rwanda,...
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The UAE to introduce corporate tax as from 01 June 2023
The UAE Ministry of Finance has announced, on 31 January 2022, the introduction of a federal corporate tax which will be effective for financial years on or after 01 June 2023. The UAE Corporate Tax...
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TAX ALERT FOR GBCs – CORE INCOME GENERATING ACTIVITIES (CIGA) REQUIREMENTS
A new policy stand from the Financial Services Commission (FSC) in Mauritius has been released on the 17th of January, 2022, with retrospective effect as from the 1st of January 2022. The news release concerns new and existing Global Business licensees’ requirements with regards...
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The UAE offers the perfect ecosystem for Tech Start-ups to develop and expand
In recent years, the Middle East has experienced a surge of tech-related development. Rapid ideation is common in tech firms, which is followed by similarly rapid implementation. Another thing that most Tech firms have in...
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A stitch in time for the Mauritius IFC – The FATF/EU episode
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...
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OECD and its tax climate over Africa and Mauritius
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...
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MAURITIUS CHARITABLE FOUNDATIONS
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...
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MAURITIUS BUDGET SPEECH 2021-2022
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...
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MAURITIUS UPGRADES ITS SPECIAL PURPOSE FUND REGIME
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...
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MAURITIUS REAL ESTATE AGENTS: MANAGING MONEY LAUNDERING AND TERRORISM FINANCING (ML/TF) RISKS
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....
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MAURITIUS: DUTIES AND RESPONSIBILITIES OF REAL ESTATE AGENTS UNDER THE REAL ESTATE AGENT AUTHORITY ACT 2020
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...
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MAURITIUS: RESIDENCY OPTIONS FOR INDIVIDUALS
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...
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MAURITIUS: THE CONTRIBUTION SOCIALE GENERALISEE WITHIN THE PENSION SYSTEM
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...
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MAURITIUS PERSONAL TAX: SOLIDARITY LEVY
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...
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Key Amendments brought by The Finance (Miscellaneous Provisions) Act 2020
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...
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UNDERSTANDING THE GLOBAL CREDIT RATING INDUSTRY
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...
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Proclamation of ‘The Anti-Money Laundering and Combating the Financing of Terrorism (Miscellaneous Provisions) Act 2020’
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...
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COVID-19: ADVICE TO BUSINESSES IN RELATION TO POSSIBLE FINANCIAL STRESS
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...
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NATIONAL BUDGET 2020/2021 HIGHLIGHTS
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...
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COVID-19, Keeping you informed Chapter 4: Extension of the Wage Assistance Scheme (Covid-19) For Employers in Mauritius
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....
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INDIA: MAURITIUS-BASED FUNDS ELIGIBLE FOR THE PREFERENTIAL CATEGORY-I FOREIGN PORTFOLIO INVESTOR LICENCE
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...
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New Communique on COVID-19: Situation in Mauritius and Measures
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...
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Useful Links
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...
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MAINTAINING THE SECURITY OF DIGITAL ASSETS
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...
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UNDERSTANDING THE BASICS OF PUBLIC KEY CRYPTOGRAPHY
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,...
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SOUTH AFRICA: EFFECTS OF THE AMENDMENT TO THE FOREIGN EARNINGS TAX EXEMPTION ON SOUTH AFRICAN EXPATRIATES
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...
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RAISING FUNDS THROUGH CROWDFUNDING: OPPORTUNITIES AND CHALLENGES
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...
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