Mauritius Budget 2021 – The Offshore Perspective

The Mauritius Budget 2021, delivered by Finance Minister Dr Reganden Padayachy on 11 June, contains several measures to boost the economy in the wake of the Covid pandemic and also includes a number of changes that will be of interest to those looking to move to and/or establish a business on the island.

2021 is a critical year for the Mauritius financial services sector with the final phasing out of the GBC1 and GBC2 regimes at the end of June and the need to further reinforce the regulatory framework to accelerate the completion of the Financial Action Task Force (FATF) action plan and secure an exit from the FATF's 'grey list' and the concomitant European Union 'blacklist'.