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Mauritius ‘not’ on Netherlands’ blacklist
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| As part of its initiatives to combat tax avoidance, the Netherlands has drawn up a list of low-tax jurisdictions¹ (the “Dutch List") which will henceforth be subject to more stringent measures and scrutiny by the Dutch authorities.
Mauritius is not included in the Netherlands blacklist.
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Financial Services (Global Business Corporations) Rules 2019 |
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As mentioned in past issues of our newsletters relating to the changes emanating from the Finance Act 2018 and in line with the Financial Services Act, a corporation shall apply for a Global Business Licence (GBL) or an authorisation to operate as an Authorised Company (AC) from the Financial Services Commission (FSC) where:
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Regulatory framework for the Custodian Services (Digital Asset) Licence |
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Over the past couple of years, digital assets have been a disruptive force in the financial services industry. Mauritius is positioning itself as the FinTech hub, in and for, Africa and has achieved significant progress as at date. For recall, in September 2018, the Financial Services Commission (FSC) has confirmed its recognition of Digital Assets as an asset-class for investment by Sophisticated and Expert Investors through its FinTech Series Guidance Note. |
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Forbes’ ‘Best Countries for Doing Business’: Mauritius ranks 1st in Africa, 39th worldwide
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Forbes’ ‘Best Countries for Business 2019’ ranks Mauritius 1st in the African region and 39th worldwide. This rating reconfirms the position of Mauritius as a destination of choice for doing business and a platform of choice for investing in the African region.
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Democracy Index 2018: Mauritius a “Full Democracy” and ranks 1st in Africa, 17th worldwide
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The Economist Intelligence Unit’s Democracy Index 2018, released in January 2019, ranks Mauritius 1st in Africa and 17th worldwide.
In this year’s report, which covers the period 2017-2018, a total of 165 independent states and two territories (covering almost the entire population of the world) were assessed.
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Mauritius 1st in Africa, 51st worldwide in the
KOF Globalisation Index 2018 (Revisited)
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Mauritius ranks 1st in Africa and 51st out of 203 countries worldwide in the ‘KOF Globalisation Index 2018 - Revisited’ (’KOFGI 2018 – Revisited’), which was released in December 2018. In the Africa region, Mauritius leads and is followed by South Africa (59th worldwide), Morocco (60th), Seychelles (92th) and Senegal (94th). The top 5 countries in the global list are Switzerland, Netherlands, Belgium, Sweden and the United Kingdom.
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State visit of the President of Mozambique to Mauritius, signature of three MoUs between the two countries |
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The President of the Republic of Mozambique, Mr Filipe Jacinto Nyusi, paid a state visit to Mauritius from 30 January to 2 February 2019. Heading a 25-member delegation, the Mozambican President was the Chief Guest of the Government of Mauritius on the occasion of the country’s Commemoration of the 184th Anniversary of the Abolition of Slavery.
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‘Serenity’ premiere in New York |
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‘Serenity’, an American thriller which was entirely filmed in Mauritius, premiered in New York on 24th January 2019. It is the first major Hollywood feature to shoot in Mauritius.
The USD 25 million mystery-thriller was written, produced and directed by Steven Knight and stars Matthew McConaughey, Anne Hathaway, Diane Lane, Jason Clarke, Djimon Hounsou, and Jeremy Strong. |
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Mauritius: Tourist arrivals increased in 2018 |
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Mauritius remains an attractive travel destination. Its Tourism Industry maintained a robust growth in 2018 as the island welcomed a total of 1,399,287 tourists to its sandy beaches, representing an increase of 4.3% compared to 2017.
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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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