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If you wish to view this edition of our ITL e-News in PDF, please click on the link below.
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| Mauritius: Eligible country for India Category I FPI licence |
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Mauritius domiciled funds are now eligible for the preferential Category-I Foreign Portfolio Investor (“FPI”) license following an order passed by the Indian Finance ministry on Monday 13 April 2020. This is a welcome move for the global business industry since it implies that Mauritius funds will now benefit from indirect transfer tax exemption – thus positioning Mauritius on the same level playing field as other major International Financial Centres such as Singapore, Hong Kong and the Netherlands. |
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COVID-19: Mauritius scores a perfect “100” on Stringency Index |
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| As the world grapples with the COVID-19 pandemic, policy makers around the world have been faced with some tough decisions in a bid to contain the spread of the virus. The Stringency Index, the world’s first COVID-19 government response tracker, was launched by the Oxford University on 26 March 2020 and it tracks and compares policy responses of governments to the pandemic crisis.
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COVID-19 updates: Regulatory |
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Registrar of Companies - Corporate and Business Registration Department (CBRD) |
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The CBRD issued a communique on 9 April 2020 informing of the following:
1. Companies having filing obligations under the Companies Act 2001 (the “Act”) falling due during the confinement period, will be exceptionally given an extension of 1 month from the lifting of the confinement. |
| Stock Exchange of Mauritius (SEM) |
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| It has been clarified with the SEM that announcements released on the SEM during the confinement period need not be published in local newspapers.
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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 dpo@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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