| |
|
EU list of High Risk Third Countries: Updates
|
|
In past editions of our newsletters, we informed our valued clients of the European Union’s (EU) decision to include Mauritius on its list of High Risk Third Countries (the “EU List”).
The EU List was subsequently approved and came into effect on 1st October 2020.
|
|
Bank of Mauritius (BoM): Key Repo Rate maintained at 1.85%
|
|
At a meeting held on 23 September 2020, the Monetary Policy Committee (MPC) of the BoM unanimously decided to maintain the Key Repo Rate (KRR) at 1.85% amidst both local and global uncertainty. While the global economy has shown some signs of improvement, the Mauritian economy is still facing the disruptive effect of the pandemic crisis...
|
|
Financial Services and Global Business |
|
FSC issues regulations for Peer-to-Peer lending
|
|
The Financial Services Commission (FSC) issued the Financial Services (Peer to Peer Lending) Rules 2020 on 31 August 2020 (Referred hereinafter as the “Rules”) which apply to Peer to Peer (P2P) Operators licensed by the FSC.
The Rules have come into operation on 15 August 2020.
|
|
FSC issues revised Guidelines on Fitness and Propriety
|
|
In line with its objective to ensure the sound conduct of business in the financial services and global business sectors, the Financial Services Commissions (FSC) issued its revised Guidelines on Fitness and Propriety (the “Guidelines”) on 2 October 2020.
|
|
Protocol amending the Eswatini-MRU Double Taxation Avoidance Agreement (DTAA)
|
|
A Protocol amending the Eswatini-Mauritius DTAA (the “Protocol”) was signed by the Mauritian Minister of Finance, Economic Planning and Development in September 2020. In addition to updating the name of the Kingdom of Eswatini (previously known as the “Kingdom of Swaziland”), the main changes brought by the Protocol to the DTAA are as follows:...
|
|
Protocol amending the Eswatini-MRU Double Taxation Avoidance Agreement (DTAA)
|
|
The ratification process of the new Kenya-Mauritius Double Taxation Avoidance Agreement (DTAA) is now complete following its publication in Kenya’s official gazette by the Cabinet Secretary for National Treasury and Planning on 30 June 2020. Mauritius now awaits the required notification from Kenya regarding its entry into force in line with Article 28 of the DTAA...
|
|
|
Global Innovation Index Report 2020: Mauritius occupies 1st place in Africa
|
|
|
|
The 13th Edition of the Global Innovation Index Report (GIIR), which is a co-publication of Cornell University of New York, INSEAD (Institut Européen d’Administration des Affaires) and the World Intellectual Property Organisation, was released on 2 September 2020...
|
|
|
Re-opening of Mauritius borders
|
|
The Government of Mauritius approved and initiated the re-opening of its borders in a staggered manner as described below:
Phase 1: Starting as from 1 September 2020 – Repatriation of Mauritians stranded abroad only
Phase 2: Starting as from 1 October 2020...
|
|
|
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
|
|
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.
|
|
