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Mauritius

Mauritius > Legal Developments > Corporate & Commercial > Law firm and leading lawyer rankings

Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Mauritius - Legal Updates

Mauritius has a sophisticated and transparent regulatory system that is ideal for a dynamic entrepreneurial environment and to promote diversified economic growth. Its openness to investors worldwide, its geographical location as well as its membership to international organizations such as the African Union (AU), the South African Development Countries (SADC), the Common Market for Eastern and Southern Africa (COMESA) and the Commonwealth of Nations, allow Mauritius to have a preferential and secure access to a wider market.

Recent Legislative Developments in Mauritius

Mauritius sends a strong signal to the International Financial Community and further improves its image as a well regulated International Financial Centre of substance by the introduction of new guidelines for companies holding a Category 1 Global Business License (GBL 1). In that respect the Financial Services Commission (FSC) has amended the rules of Global Business by introducing additional economic substance in Mauritius in order to demonstrate presence, which can be reasonably expected from a corporation managed and controlled in Mauritius. Further, Mauritius is enhancing its position as a jurisdiction of choice for the resolution of business and investment disputes in the African region, by allowing and encouraging shareholders of GBL 1 companies to arbitrate in Mauritius with regards to dispute arising out of the constitution of the company. Another significant development is the enactment of the Copyrights Act 2014, which modernises the intellectual property rights environment in Mauritius and makes Mauritius copyright law compliant with the World Intellectual Property Organisation (WIPO) Copyright Treaty and the WIPO Performances and Phonogram Treaty.

Legal Developments in Mauritius

Unlike most of the other established financial centres, Mauritius has, as an African state, always nurtured tax and trade relationships with mainland states by constantly cumulating African tax treaties and by cumulating membership in a number of African preferential trade networks (e.g COMESA and SADC. Considered as a leading international financial services centre and a gateway for investment in many Asian and African countries, Mauritius has in the past year sought to further consolidate its position as a hub for financial transactions by introducing innovative vehicles, structuring and financing products..