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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 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.

Strategically located in the Indian Ocean at the crossroad of international investments, Mauritius has throughout the last decade forged a strong reputation as a premier international financial centre.

A Mauritius Global Treasury Activities Licence allows multinational groups to centralise treasury operations such as cash management, group financing, foreign exchange risk and liquidity management in one jurisdiction. For businesses operating across Africa, it can improve financial oversight, strengthen governance, simplify banking relationships and, where conditions are met, provide valuable tax incentives.

The Financial Services Commission (FSC) continues to propel its Fintech sector with a view to strengthen its regulatory framework to enable safe and secure virtual asset transaction...

This article provides an overview of the legal and regulatory provisions in Mauritius regarding confidentiality and customer due diligence and how it compares with other jurisdictions.

In Mauri Garments Trading and Marketing Limited v The Mauritius Commercial Bank Limited the Judicial Committee of the Privy Council reiterated the fundamental principle that "[b]anks are not concerned with the rights or wrongs of the underlying disputes [between parties] but only with the performance of the obligations which they themselves have confirmed."

There is a general consensus in Mauritius that the jurisdiction has all the attributes to become an International Financial Centre.

The Finance (Miscellaneous Provisions) Act 2021 was gazetted on 05 August 2021 and it brings into force a number of amendments to the legislations in Mauritius.

As a jurisdiction of substance, the Mauritius IFC has been instrumental in driving quality investments in Africa, leading to sustained growth and prosperity across the continent.

An Authorised Company (AC) is one of the two types of companies in Mauritius that may be set up by a foreigner to conduct international business activities, i.e business outside of Mauritius.

Entitled ‘'Our new normal: the economy of life", the 2020/21 Mauritius National Budget has been presented in a difficult context, as the country seeks to rebound from an unprecedente...

On 2 August 2017, the Industrial Court of Mauritius (Industrial Court) awarded a historic amount of MUR 100,000 [± USD 3,000] as security of costs. This decision is significant in three respects.

Further to our initial eAlert in June 2018, this article highlights important changes in the National Budget for the global business industry, in particular, for investors.

In 2020, money lending activity, which was previously regulated by the Bank of Mauritius, came under the purview of the Financial Services Commission (FSC). A new section 14A was included in the...

A fundamental question that arises during secured debt financing transactions is which type of security would provide the lender with more advantageous options vis-à-vis any other creditors of the obligor.

Mauritius was one of the two countries from the African continent to sign the CAA (the other being South Africa).

On 20 December 2022, the FSC issued the Financial Services (Global Shared Services) Rules 2022 (the "Rules"), which came into operation on 3 January 2023.