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ARTICLE · 09 AUGUST 2016

An Update On The Mauritius International Financial Centre

Juristconsult Chambers
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Foundations were introduced by the Foundation Act 2012.

MauritiusFinance and Banking
Marc Hein
Marc Hein

Mauritius has been consolidating its position as an International Financial Centre (IFC) in the last years. There is now a more elaborate regulatory framework with the Financial Services Commission (FSC) regulating non-banking financial services and the Bank of Mauritius (BOM) regulating banking financial services. We may briefly recap the products offered by the Mauritius IFC:

(i) The two most used entities are the companies holding a Category 1 or Category 2 Global Business Licence (GBL) and which are governed by the Financial Services Act 2007 and the Companies Act 2001. The Category 1 GBL Company is more sophisticated than the Category 2 GBL Company. The Category 1 GBL company is entitled to become tax resident in Mauritius and hence access the vast network of Double Taxation Avoidance Agreements (DTAAs) ratified by Mauritius. The company holding a Category 2 GBL will not be tax resident but is more user-friendly and bears resemblance to the International

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