Managed Operations - A Cost Effective Way To Use The Mauritius Jurisdiction

Introduction

The Financial Services Industry in Mauritius is growing at a fast pace. According to the Financial Services Commission, 2006 Annual Report the Non Banking Financial Industry Sector ("NBFI") already contributes to 4% of the GDP and the growth rate is at present some 10% or more. Incidentally the number of Licensed Service Providers is also increasing. More and more global players are considering operating from within Mauritius. With the low taxation regimes, attractive Property Residency Schemes and the natural and tropical climate of the island which is located in an interesting time zone, more players will opt for Mauritius to conduct business in the Financial Services Sector and this with a view to planning solid and attractive tax efficient structures to route investments into the various countries with which Mauritius has a DTA as well as with non-treaty countries. However, as in any country, starting an operation can be an expensive and administratively