Subject: ITL Newsletter - Introduction of the Financial Services (Global Shared Services) Rules 2022


Introduction of the Financial Services (Global Shared Services) Rules 2022

The Mauritius IFC has time and again proven its worth as a well-regulated and innovative financial centre, gaining momentum through the introduction of highly coveted financial activities, and the ensuing sound regulatory frameworks that govern them.


2018 was considered a turning point within the financial services landscape, where the MIFC was undergoing major legislative changes, and at the same time, consequential efforts were being made to further diversify the sector’s service offering. Amid announcements of new frameworks for Regulatory Sandbox and Custodian of Digital Assets, as well as the phasing out of the GBC2 regime, foraging for opportunities vis a vis global Groups – parent companies with affiliates and subsidiaries - also came to the forefront, and the Government brought to light in its 2018/2019 Budget Speech the introduction of a new type of activity, Global Shared Services, in Mauritius.

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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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