Considered as the logical hub for investments in Asia and
Africa, Mauritius is now positioning itself as the innovation hub
in the Indian Ocean by introducing the Regulatory Sandbox Licence
(RSL).The RSL is a product of the Government's vision to
promote creativity and innovation through the application of
technology and was launched on 20 October 2016 following amendments
to the Investment Promotion Act 2000. With the introduction of the
RSL, Mauritius put itself on equal footing with countries like the
UK, Singapore and Australia, who have applied the concept of
RSL.
The purpose of the RSL is to allow companies to invest in
innovative projects for which there is no or an inadequate legal
framework which is hindering its realization. The RSL will speed up
strategic investments in innovative projects in the absence of a
formal licensing framework. The implementation of the RSL is
multi-fold in intent:
