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Mauritius to be granted Most Favoured Nation (MFN) status by India |
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| During the celebration of India Constitution Day on 26th November 2016, the High Commissioner of India to Mauritius, Mr. Abhay Thakur, announced that India has agreed to grant the MFN status to Mauritius in tax matters. He added that the MFN will be further strengthened through the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) for which negotiations between the two countries have already started. |
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FSC: Launching of the Online Submissions Platform
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On the 1st December 2016, the Financial Services Commission (FSC) has launched the first phase of the Online Submissions Platform (OSP), which is an interactive platform allowing applicants to submit their application for a licence online, and to upload the relevant supporting documents.
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Limited Liability Partnerships Bill
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The Limited Liability Partnerships Bill has been introduced in the National Assembly with the aim of better positioning Mauritius as an international financial centre. The limited liability partnership is a vehicle which acts as a body corporate formed by registration and has a legal personality separate from that of its partners.
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Smart City – BOI issues Letter of Intent
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| The Board of Investment (BOI) has issued Letters of Intent to two projects under the Investment Promotion (Smart City Scheme) Regulations 2015. Both projects are expected to boost employment in the country.
A Letter of Intent was issued to the Moka City Ltd. This project consists of developing residential units, commercial and office spaces, a civic centre, education and student accommodation, sports facilities, health and medical services, a business incubator and a bus terminus at Moka.
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Mauritius Film Rebate Scheme attracts major Bollywood movie production |
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Tera Intezaar, a big budget Bollywood movie, will be produced in Mauritius under the Film Rebate Scheme. According to the Board of Investment (BOI), the movie, produced by PZM Films Company Ltd, will have a budget of MUR 100 million.
One third of the movie’s shooting will take place in mind-blowing locations of the island, revealing Mauritius’ beautiful landscape. The cast will consist of popular Bollywood actors, namely Sunny Leone and Arbaaz Khan.
This project will enable further collaboration between the BOI and other Bollywood producers under the Film Rebate Scheme.
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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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