377 results found

The Variable Capital Companies Act 2022 (the "VCC Act") was passed on 12 April 2022 and gazetted on 15 April 2022, with its coming into force to be proclaimed at a later date.

On the 27th of December 2022, the president of the Republic of Cameroon promulgated Law No. 2022/020 of 27 December 2022 which is the Finance law for the year 2023.

On 29 July 2022, the Mauritian Parliament passed the Finance (Miscellaneous) Provisions Act 2022 (the "FA 2022"), which enacts into law the measures announced by the Honourable Minister of Finance in the Budget Speech 2022-2023.

Alors que nous sommes nombreux à attendre avec impatience la fin d'une année particulièrement difficile dans de nombreux secteurs, notamment dans le domaine des services financiers...

Mauritius has issued comprehensive guidance notes on stablecoins, marking a significant tightening of its regulatory framework three years after initial consultation. The new rules prohibit algorithmic and yield-bearing models, mandate redemption at par value within five days, and introduce dual oversight with the Bank of Mauritius for certain arrangements.

Mauritius has earned globalrecognition forits swift and determined reforms in AntiMoney Laundering and Countering the Financing of Terrorism (AML/CFT).

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.

In this regard, regulatory technology, better known as ‘RegTech', becomes particularly pertinent. In brief, RegTech refers to the technology which helps companies deal with their regulatory...

Mauritius is widely known for its Global Business Licence companies, Category 1 (GBL1) or 2 (GBL2), the former having access to double taxation agreements. It is a favoured route for many investors into several Asian and African countries.

By their very nature, all trusts are there to protect assets. In practice, however, the degree of protection will invariably depend upon the overriding trust law in the jurisdiction chosen, the physical location of the assets held and the rigour with which any Court may pursue those assets in the event that it decides so to do.

The world is moving at a fast pace and in line with modernisation, our means of transacting has progressed significantly.

It is based on the above provision of the law that the FSC has acted to revoke the licenses of the shipping companies, as a measure to implement targeted financial sanctions in compliance with The United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019 (UN Sanctions Act).

Let's dive into the changes in detail and what they mean for corporations in Mauritius.

The Captive Insurance Act 2015 (the Act) was passed by the National Assembly in December 2015 and came into force on 29 January 2016.

The financial services sectoris in the midst of an irreversible shift. What was once a paper-heavy,relationship driven industry is now being redefined by data, automation...