|Area||2 040 km2 (788 sq. miles)|
|Population||1.3 million (approx.)|
|Currency||Mauritian rupee (= 100 cents)|
|Main languages||English, French, Kreol morisien|
|Other spoken languages||Hindi, Urdu, Mandarin, Tamil, Telugu, Marathi, Gujarati, Bhojpuri|
|Time zone||GMT + 4 hours|
The Financial Services Commission (FSC) was established as the regulator for the non-bank financial services sector under the Financial Services Development Act 2001. More...
So far Mauritius has concluded 35 tax treaties and is party to a series of treaties under negotiation. Most of the treaties in force have been in existence as from the period when Mauritius launched its global business sector in 1992. More...
The enabling legislation that governs the Global Business sector are the Companies Act 2001, Financial Services Act 2007, Trusts Act 2001, Securities Act 2005, as well as FSC Rules, Codes and Circulars. More...
Mauritius is now recognized as a leading international financial centre for global fund structuring and administration, for investment particularly in Indian, Asian, Middle East and African countries. More...
GWMS is staffed with a skilled and experienced corporate team who can handle any company law or regulatory framework queries and your statutory obligations. More...
Mauritius offers world class real estate residential properties that may be acquired by international investors. These include golf estates, inland or residential properties having a marina concept. More...
A series of articles written by the Managing Director of GWMS. More...
Download the latest updates related to Global Business, provided by GWMS. More...
Downloadable infopacks prepared for international investors and businesses who are seeking a cost and tax efficient jurisdiction for the structuring of their international business activities. More...
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GWMS is staffed with a skilled and experienced corporate team who can handle any company law or regulatory framework queries and your statutory obligations. We routinely advise and provide the following comprehensive services:
The Mauritius International Financial Centre now offers a new product in addition to the existing limited partnership, private and public company, limited life company and trust. The new offering is the "Foundation", a hybrid vehicle which combines the benefits of a company with those of a trust. The Foundations Act 2012 is a very modern legislation and is effective since 1 July 2012.
It is mostly used in wealth management, estate planning and asset holding but is equally ideal as a special purpose vehicle to legally protect one's assets against personal liability, high taxes or forced heirship rules.
A Foundation does not have legal personality unless it is registered with the Registrar of Foundations and has been issued with a certificate under the Foundations Act. This new legislation allows for the incorporation and migration of Foundations to and from Mauritius.
The Limited Partnerships Act 2011("LLP") is now effective in Mauritius. It is a long awaited legislation which has finally been enacted in Mauritius. The LLP is a very flexible vehicle and constitutes the latest offering of Mauritius towards enhancing its status as a Mauritian investment platform of substance.
The LLP is a vehicle of choice for private equity/venture capital funds and other type of funds mainly because of the possibility afforded by the LLP to combine the benefits of a company with those of the partnership such as limited liability protection to investors and the option of election to have separate legal personality while maintaining the fiscal transparency feature of partnerships. The LLP law is however not specific to investment funds and can be easily used to fulfill other objectives.
The fiscal transparency feature of the LLP is one of its principal attractions. Accordingly, partners (not the LLP) will individually be liable to Mauritius taxation in their respective income sharing ratio of the LLP to the extent that the LLP has Mauritius source taxable income. Conversely, should the LLP have any foreign source taxable income then only the Mauritius tax-resident partners of the LLP will be liable to Mauritius taxation. Effectively this means that an LLP whose partners are not tax resident in Mauritius and which derives only foreign source income will have no Mauritius tax liability at all making the LLP a tax exempt vehicle.
Please see our Limited Partnerships Act 2011 under Publications for more information on LLPs.
Mauritius has a modern trust legislation which does not require trusts to register with any authorities in Mauritius thus providing absolute confidentiality. Trusts can be used to:
The PTC is highly attractive to individuals and families who wish to structure their assets in one or more trusts without losing control altogether as is usually the case with trusts. Under the PTC structure, the PTC becomes the corporate trustee of connected trusts for the benefit of a sole family, extended family or related individuals. Absent the PTC, an independent qualified corporate or individual trustee will need to be appointed and control is relinquished. Benefits are:
GWMS is able and qualified to advise you on the PTC to enable you to start your own Family Office.