| View this email online if it doesn't display correctly |
|
|
|
Honorary Consult of the Grand Duchy of Luxembourg |
|
|
We are pleased to announce that our CEO, Mr. Ben Lim, has been appointed Honorary Consul of the Grand Duchy of Luxembourg in Mauritius effective as from 17th December 2015.
The list of Honorary Consulates in Mauritius can be found at the following link – Honorary Consulate
|
|
|
|
The Captive Insurance Act (the “Act”) was presented to parliament and voted on the 11th December 2015.
The Act provides for the licensing of pure captive insurance business and the legal framework for their operation. Amongst others, the Act sets down the obligations in relation to a captive insurance’s administration, governance, and investment policies.
The Act currently regulates only pure captive insurance and other types of captive insurance business will continue to be regulated under the Insurance Act.
|
|
Companies (Payment of Fees to Registrar) Regulations 2015 |
|
|
A new set of Regulations to the Companies Act was published in the Government Gazette of Mauritius of the 9th January 2016.
The new Companies (Payment of Fees to Registrar) Regulations 2015 (the “Regulations”) replaces the 2001 version and some of the new features are as follows:-
• Reduced annuities for Small Private Companies
• E-filing and e-payments
|
|
| Common Reporting Standards (“CRS”) |
|
|
The CRS were initially scheduled to be implemented on the 1st January 2016.
However, the Mauritius Revenue Authority have released a communique notifying that the date of implementation of CRS has been deferred.
The OECD was informed accordingly by the Ministry of Finance and Economic Development.
|
|
Mauritius and Russia – Mutual Abolition of Visa Requirements |
|
|
Mauritius and Russia have signed a Visa Waiver agreement on the 24th of December 2015 at the Ministry of Foreign Affairs in Mauritius.
As per the new agreement, citizens of both countries will not require a visa to enter, stay in, exit, or transit.
|
|
|
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.
|
|
