| | ITL voted Best Fund Administrator: Investment Funds of the Year 2018
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| ITL is pleased to announce that it has been awarded the Best Fund Administrator: Investment Funds of the year 2018 by Africa Global Funds (AGF) magazine.
This award is a recognition of ITL’s innovation and excellence in the level of service delivered to its clients operating in the alternative investment industry. Over the years, ITL has successfully adapted its service offerings to the ever-evolving needs of its client base and takes pride in accompanying its clients throughout the lifecycle of their projects. ITL assists them in achieving their growth strategies; from offering relevant advice on structuring matters at the inception stage, setting up and providing administration services to their structures, to providing solutions at the exit stage.
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| Mauritius Residence Schemes: Not harmful to the integrity of the CRS according to OECD
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On 16th October 2018, the Organisation for Economic Co-operation and Development (OECD) published a list of the CRS-committed countries that offer Residence and citizenship by investment (CBI/RBI) schemes that could potentially be detrimental to the integrity of the Common Reporting Standards (CRS).
Whilst Mauritius was initially identified as one of the countries offering high-risk CBI/RBI schemes, the OECD overturned its assessment of the country nation and on 22nd October, the OECD removed Mauritius from the list of high risk jurisdictions offering residence/citizenship by investment scheme.
According to the OECD, CBI/RBI schemes could be misused to misrepresent individuals’ jurisdiction(s) of tax residence thus providing them with the possibility of shunning from their obligations under the CRS, leading to inaccurate or incomplete reporting.
Please click Here to access the results of the assessment carried out by the OECD of over 100 CBI/RBI schemes, offered by CRS-committed jurisdictions.
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| ITL Data Protection compliance programme - Reminder
As you are aware, we hold your contact details on our database and have been sending you regular newsletters and updates about the latest developments in the Mauritius financial landscape and other areas of interest.
Following recent changes in the EU General Data Protection Regulation (GDPR) and the Mauritius Data Protection Act 2017, we now require your consent to hold your personal data. Please click here to confirm that you still want to hear from us and get the latest news about the Mauritius International Financial Centre.
Should you wish to opt out of our future e-mail communications, please click here to stop receiving correspondence from ITL. Alternatively, you may use the unsubscribe button at the bottom of all our communications or send us an e-mail at unews@intercontinentaltrust.com
Data security and protection is of prime importance to us and we invite you to read our privacy policy which provides information about how we manage and process your personal information.
We are only a phone call or an e-mail away. If you have any comments, questions or concerns about any of the information in our policy, or any issues relating to the processing of personal data by ITL, please contact your regular contact person at ITL or write to us on mauritius@intercontinentaltrust.com
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| | DISCLAIMER The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.
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