Moving and Living in Mauritius
Published in 2024
Nested in the Indian Ocean on the east coast of Africa, Mauritius is a mighty little rock that has earned much praise on the global front as paradise on earth as well as being a resilient and vibra...
Advancing on our Digital Transformation Journey
Published in 2023
ITL embarked on its digital transformation journey back in 2016 with the aim to maintain a competitive stance on the market. This strategic move stems from our aim to continually enhance our custome...
ITL Newsletter – Finance (Miscellaneous Provisions) Ac
Published in 2023
The Finance (Miscellaneous Provisions) Act 2023, enacted on 20 July 2023, provides for the implementation of most of the measures announced by the Minister of Finance, Economic Planning and Developm...
ITL Budget Highlights 2023/2024: Wiring Sustainable Progress
Published in 2023
The Minister of Finance, Economic Planning and Development, Dr. the Honourable Renganaden Padayachy presented the National Budget 2023/2024 on 2 June 2023. ...
ITL e-News April 2023
Published in 2023
To access the latest industry news as at April 2023, please click here ...
ITL’s Digital Transformation Journey
Published in 2023
As the world becomes increasingly digital, ITL has recognized the need to keep up with Technology and has embarked on a digital transformation journey to ensure that we remain competitive and innova...
ITL e-News March 2023
Published in 2023
To access the latest industry news as at March 2023, please click here ...
Introduction of the Financial Services (Global Shared Servic
Published in 2023
The Mauritius IFC has time and again proven its worth as a well-regulated and innovative financial centre, gaining momentum through the introduction of highly coveted financial activities, and the e...
UNDP, in collaboration with the Government of Mauritius and
Published in 2022
UNDP, in collaboration with the Government of Mauritius and EDB, launches the Mauritius SDG Investor Map. ...
ITL e-News November 2022
Published in 2022
To access the latest industry news as at November 2022, please click here ...
PEA Awards 2022 – ITL bags Corporate Financial Advisor
Published in 2022
We are proud to share with you that Intercontinental Trust Ltd (ITL) has won the Corporate Financial Advisor Award at the Private Equity Africa (PEA) Awards 2022. ...
Finance (Miscellaneous Provisions) Act 2022
Published in 2022
Gazetted on 2 August 2022, the Finance (Miscellaneous Provisions) Act 2022 (hereinafter referred interchangeably as the “Finance Act 2022” or the “Act”) makes provision for the implementatio...
ITL e-News July 2022
Published in 2022
To access the latest industry news as at July 2022, please click here ...
ITL Budget Highlights 2022/23: Shaping a Resilient Nation
Published in 2022
The Minister of Finance, Economic Planning and Development, Dr. the Honourable Renganaden Padayachy presented the National Budget 2022/2023 on 7 June 2022. ...
The introduction of the Variable Capital Companies Act 2022
Published in 2022
The enactment of the Variable Capital Companies Act 2022 (the “Act”) in April 2022 marks yet another milestone for Mauritius as it cements its position as the International Financial Centre of c...
The introduction of the Virtual Asset and Initial Token Offe
Published in 2022
Driven by its ambition to widen its service offerings and promote itself as an International Financial Centre of choice, Mauritius is on a constant quest for innovation, which has amplified in recen...
Mauritius lifts negative PCR test requirement for incoming v
Published in 2022
Effective since 12 March 2022, vaccinated travellers are no more required to present a negative PCR test within 72 hours before their departure. ...
Mauritius’ removal from EU Blacklist proclaimed
Published in 2022
It’s official! Mauritius’ removal from the European Commission’s List of High Risk Third Countries (commonly referred to as the “EU Blacklist”) has been proclaimed further to the publicati...
ITL e-News January 2022
Published in 2022
To access the latest industry news as at January 2022, please click here ...
FSC issues policy stand on the application of the Core Incom
Published in 2022
In a correspondence dated 17 January 2022, the Financial Services Commission (FSC) confirmed that, effective 1 January 2022, only holders of / applicants for a Global Business Licence (GBL) wishing ...
Mauritius removed from the EU Blacklist
Published in 2022
In an official publication released on 7 January 2022, the European Commission (the “Commission”) communicates that it is satisfied with the legal and regulatory framework that Mauritius has est...
Mauritius reopens borders to travellers from South Africa an
Published in 2022
After nearly a month and a half long closure, the Mauritian Government has announced in a communique released on Thursday 6 January 2022 that the travel ban for visitors coming from the Republic of ...
ITL e-News December 2021
Published in 2021
To access the latest industry news as at December 2021, please click here ...
ITL Season’s Greetings 2022
Published in 2021
Season's greetings to you & your family and best wishes for the New Year.
From the very merry team at ITL
...
PEA Awards 2021 – ITL wins Local Funds Advisor Award
Published in 2021
We have the immense pleasure to announce that ITL has won the Local Funds Advisor Award at the Private Equity Africa (PEA) Awards 2021. ...
ITL e-News November 2021
Published in 2021
To access the latest industry news as at November 2021, please click here ...
Mauritius exits UK list of High Risk countries
Published in 2021
Tuesday 2 November 2021 marks yet another milestone for Mauritius as the country is removed from the United Kingdom (UK) list of High Risk countries (commonly referred to as the “UK Blacklist”)....
Shining through the grey clouds: FATF whitelists Mauritius
Published in 2021
At its Plenary held on the 19-21 October, the Financial Action Task Force (FATF) approved the removal of Mauritius from the list of “Jurisdictions under Increased Monitoring” commonly referred t...
ITL wins Best Investment Fund Administrator at AGF Service P
Published in 2021
Intercontinental Trust Ltd (ITL) is delighted to announce that it has won the 2021 Africa Global Funds (AGF) Service Providers Award for ‘Best Fund Administrator - Investment Funds’. This marks ...
Seychelles removed from the EU Blacklist
Published in 2021
Further to a meeting of the Economic and Financial Affairs Council of the European Union (EU) on Tuesday 5 October 2021, the decision was taken to remove Seychelles from Annex I of the list of non-c...
ITL e-News – September 2021
Published in 2021
To access the latest industry news as at September 2021, please click here ...
Re-opening up to the world
Published in 2021
Over nearly the past 2 years, amidst travelling restrictions that were implemented across the world to prevent the spread of the Covid-19, it has been impossible for Mauritius to increase the influx...
ITSL e-News – August 2021
Published in 2021
ITSL intercontinental Trust Ltd (Seychelles) e-News - August 2021 ...
Financial Services (Robotic and Artificial Intelligence Enab
Published in 2021
In an effort to encourage licensed service providers in Mauritius to adopt new and emerging technologies, the Financial Services Commission (FSC) has taken the initiative to introduce a regulatory f...
ITL e-News –July 2021
Published in 2021
To access the latest industry news as at July 2021, please click here ...
FATF Grey list/EU Blacklist: A glimmer of light on the Mauri
Published in 2021
At the latest FATF Plenary session held on 21-25 June 2021, the FATF confirmed that Mauritius has substantially completed its action plan at a technical level. An onsite visit will be arranged by th...
Covid-19 update @ 24 June 2021: Moving into the 3rd phase of
Published in 2021
Ever since the Mauritian government announced the deployment of its Covid-19 vaccination campaign at the end of last year, it has made clear of its objective of achieving herd immunity at the earli...
Bob the Builder Budget 2021/22: Shovelling our way out of th
Published in 2021
More than a year after its discovery, the coronavirus is still raging across the globe and no country has been left unscathed. However, there is some glimmer of hope as economies around the world a...
Amendments to the Non-Citizens (Property Restrictions) Act (
Published in 2021
The Non-Citizens (Property Restriction) (Amendment) Act 2021 (the “Amendment Act”) was legislated on 29th April 2021 and brings in several major changes to the Act as follows: ...
Covid-19 update @ 30 April 2021: ITL maintains work-from-ho
Published in 2021
As communicated previously, Mauritius will be moving to the second phase of its plan to ease out of lockdown as from Saturday 1 May 2021. While most economic activities will resume and free movement...
Covid-19 update @ 25 April 2021: Unfurling the 2nd phase of
Published in 2021
The past few weeks have witnessed a marked improvement in the number of positive Covid-19 cases through local transmission thanks to the timely response of the government in tandem with the close ...
CSG: Exclusion of foreign employees who are not tax resident
Published in 2021
The Contribution Sociale Généralisée (Amendment) Regulations 2021 (referred hereinafter as the “Regulations”) was gazetted earlier this month to amend the Contribution Sociale Généralisé...
The Variable Capital Company: a soon-to-be reality for Mauri
Published in 2021
On 16 April 2021, Cabinet agreed to proceed with the drafting of the Variable Capital Companies Bill. It will be recalled that the introduction of the Variable Capital Company (VCC) was one of the...
FSC issues new rules for Special Purpose Funds
Published in 2021
The Financial Services (Special Purpose Fund) Rules 2021 (referred hereinafter as the “Rules”) came into force on 6 March 2021. The Rules supersede the Financial Services (Special Purpose Fund)...
ITL e-News – April 2021
Published in 2021
To access the latest industry news as at April 2021, please click here. ... ...
ITL e-News – March 2021
Published in 2021
To access the latest industry news as at March 2021, please click here. ... ...
ITL e-News – January 2021
Published in 2021
To access the latest industry news as at January 2021, please click here. ... ...
ITL Season’s Greetings 2021
Published in 2020
On behalf of the ITL Family, we wish you peace and happiness during this festive season and throughout 2021. ...
Recent amendments to the Mauritius employment landscape
Published in 2020
Over the years, Mauritius has developed a well-earned reputation for its stability and adherence to the highest level of transparency and best international practices. Having positioned itself as th...
THE FINANCE (MISCELLANEOUS PROVISIONS) ACT 2020
Published in 2020
The Finance (Miscellaneous Provisions) Act 2020 (referred hereinafter interchangeably as the “Finance Act 2020” or the “Act”) was gazetted on 7 August 2020 and provides for the implementatio...
MV Wakashio oil spill: Solidarity spreads across Mauritius
Published in 2020
If you have browsed the news recently, you have surely come across the Wakashio oil spill disaster, occurring in the pristine waters of Mauritius, close to the Point d’Esny Wetlands on the South E...
Mauritius: a more accessible Work & Live destination
Published in 2020
Introduction: In the past months, Mauritius faced its fair share of challenges and after having successfully contained the Covid-19 pandemic spread, it now gears up for economic recovery and is posi...
Covid-19 Updates @ 12 June 2020
Published in 2020
Mauritius, like the rest of world, has undoubtedly lived the most challenging time of its history ever since the outbreak of the Covid-19 pandemic. But for the past 47 days, we have been seeing lig...
Budget 2020/2021: A Robin Hood-esque Act
Published in 2020
The Covid-19 pandemic crisis is not in our rearview mirror yet and has left the world in tatters, leaving sharp dents in the global economy. As countries around the world are preparing to exit the G...
Mauritius issues communique on the new EU List
Published in 2020
In a past edition of our newsletter issued last month, we informed our valued clients of the abrupt decision of the European Union (EU) to include Mauritius on its list of High Risk Third Countrie...
Covid-19 Updates @ 29 May 2020
Published in 2020
The second and final phase of the de-confinement strategy was debated and finalized by the Cabinet earlier today and it was ultimately decided that the sanitary curfew will be lifted as from Midnig...
The COVID-19 (Miscellaneous Provisions) Act 2020
Published in 2020
The Covid-19 crisis has been an unprecedented shock to the world economy. As of now, it remains largely impossible to predict what the post Covid-19 future holds in store for us but a large part of...
Mauritius on the EU List of High Risk Third Countries
Published in 2020
The European Commission issued the list of High Risk Third Countries (the “List”) on 7 May 2020 with Mauritius having been labelled as one of them. This is understood to be a direct consequence...
Lockdown extended until 1 June 2020
Published in 2020
In a televised statement held earlier today, the Prime Minister of Mauritius announced that the Lockdown Period will be extended until 1 June 2020 (previously planned for until 4...
Social Engineering Frauds Scams
Published in 2020
63% of social engineering attacks are successful and is recognized as one of the greatest and ongoing cybersecurity threats for organizations across the world. Social engineering relies heavily on...
Take Action- Changes in the regulatory and fiscal landscape
Published in 2020
Dear Clients,
We hope that you are keeping safe during these uncertain times.
Many of you have been asking us about the changes in legislation in Mauritius impacting your structur...
The impact of Covid-19 on international tax issues (Part II)
Published in 2020
We had written previously on how international tax issues may be affected in the wake of the measures implemented by most countries to combat the pandemic. ...
Seychelles COVID-19 Updates
Published in 2020
If the COVID-19 pandemic has taught us one thing, it is that geographical barriers can easily be transcended. Seychelles officially confirmed the presence of the infectious disease on its territor...
Stock Exchange of Mauritius resumes securities transactions
Published in 2020
The Stock Exchange of Mauritius (SEM) has resumed all securities transactions effective as from 6 April 2020 after having provided the Financial Services Commission (FSC) with satisfactory evidence...
COVID-19 Updates @ 31 Mar 2020
Published in 2020
In a bid to curb the spread of the COVID-19 on the island, the government took the bold decision to extend the sanitary curfew until 15 April 2020. This was announced by the Prime Minister in a telev...
Important Communique – Coronavirus (COVID-19) Update
Published in 2020
Globalisation, or the physical and the increasingly digital integration of world economies, has been beneficial for the world but it entails systemic risks, such as the accelerated spread of contagi...
Mauritius-Ghana Double Taxation Avoidance Agreement
Published in 2020
The Mauritius-Ghana Double Taxation Avoidance agreement (the “DTAA”) was signed in 2017 and came into effect on 1st January 2020. In a live interview broadcasted on CNBC Africa on 28th February...
New Mauritius-Kenya Double Taxation Avoidance Agreement
Published in 2020
The new Mauritius-Kenya Double Taxation Avoidance Agreement (DTAA) and the Protocol amending the DTAA have both been ratified in Mauritius through the publication of a legal notice in the Mauritius ...
ITL Season’s greetings 2020
Published in 2019
We are pleased to attach our Season's Greetings 2020 and to convey our best wishes to you and your family!
Happy New Year 2020!
Best regards,
ITL Team
...
Mauritius Deposits MLI and News
Published in 2019
In a past edition of our newsletter issued in July 2017, we informed our valued clients that Mauritius signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Er...
Mauritius – A compliant jurisdiction
Published in 2019
On 10th October 2019, the Economic and Financial Affairs Council of the European Union (the “EU Council”) declared that Mauritius is compliant with the EU tax good governance principles. ...
New Regulations made under the Income Tax Act
Published in 2019
The Income Tax (Amendment No.2) Regulations 2019 (thereafter referred to as the “Regulations”) were passed on 20 August 2019 to provide clarity on conditions to be met by resident companies to a...
OECD Peer Review Results 2019: A squeaky-clean report
Published in 2019
The Organisation for Economic Cooperation and Development (OECD) released its Peer Review Results on Harmful Tax Practices in July 2019 following an assessment carried out by the Forum on Harmful Ta...
Finance Act 2019
Published in 2019
The Finance (Miscellaneous Provisions) Act 2019 (the “Finance Act 2019”) was enacted on 25 July 2019 to provide for the implementation of the measures announced in the Budget Speech 2019-2020, p...
New Residency Scheme for Senior Living
Published in 2019
The Property Development Scheme (PDS) was amended on 4 May 2019 to enable the establishment of purpose-built luxury retirement-based communities where both Mauritian and Non-Mauritian retired citize...
ITL Budget Newsletter 2019/2020
Published in 2019
10th June 2019 was marked by the presentation of the annual budget by the Honourable Mr. Pravind Kumar Jugnauth, Prime Minister, Minister of Home Affairs, External Communications and National Deve...
The Golden Gateway of Africa
Published in 2019
Last month, the European Parliament voted in favour of the adoption of its TAX3 Committee Report on financial crimes, tax evasion and tax avoidance which among others, recommended the phasing out of...
Mauritius Revenue Authority provides clarification on POEM
Published in 2019
According to the Financial Services Act 2007 (FSA) as amended by the Finance (Miscellaneous Provisions) Act 2018 (the “Finance Act 2018”), an Authorised Company is required to: ...
The 50 shades of the EU Blacklist
Published in 2019
On 12th March 2019, the European Union (EU) Finance Ministers adopted the EU list of non-cooperative tax jurisdictions (EU Blacklist) following an intense screening of 92 jurisdictions based on thre...
ITL e-News – February 2019
Published in 2019
To access the latest industry news as at February 2019, please click here. ...
ITL Season’s greetings 2019
Published in 2018
We are pleased to attach our Season's Greetings 2019 and to convey our best wishes to you and your family!
Happy New Year 2019!
Best regards,
ITL Team
...
New Rules for Authorised Companies
Published in 2018
The Global Business sector is currently undergoing a major reform in a bid to enhance the competitiveness and transparency of Mauritius as a financial centre and its adherence to globally accepted s...
New Substance Requirements for Global Business Companies
Published in 2018
The Government’s endeavor in promoting investor confidence and transparency into the Mauritian economy has reverberated across the finance sector and in particular, the Global Business sector. The...
Changes brought to the Global Business Sector
Published in 2018
The Finance (Miscellaneous Provisions) Act 2018 (the “Finance Act 2018”) which contains provisions for the implementation of measures announced in the Budget Speech 2018-2019 was passed by the N...
Budget Brief 2018-2019
Published in 2018
The Honourable Mr. Pravind Kumar Jugnauth, Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, Minister of Finance and Economic Development of the Republ...
ITL Newsletter – Code of Corporate Governance
Published in 2018
The National Code of Corporate Governance for Mauritius 2016 (the “Code”) was launched in January 2017, replacing the initial Code of Corporate Governance which was introduced in October 2003. T...
Mauritius:“Compliant” jurisdiction according to the OECD
Published in 2017
According to the initial reports issued by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the “Global Forum”) on 21st August 2017, following a peer review aimed a...
ITL Newsletter – Mauritius signs the multilateral BEPS
Published in 2017
Mauritius signs the multilateral BEPS Convention In line with its unfaltering commitment to combat tax avoidance/evasion and base erosion, Mauritius signed the Multilateral Conv...
ITL Newsletter – Business Facilitation Act 2017
Published in 2017
The Government of Mauritius is always striving to enhance the local business climate through a perpetual review and bettering of its regulatory and administrative framework. It is along this same li...
ITL e-News May 2017
Published in 2017
Bank Of Mauritius Keeps Repo Rate Unchanged, Moody’s: Mauritian Financial Sector Risk and Forecasts, Rotation of audit firms for listed companies, Mauritius: Impact of Brexit, Mauritius Signs Doub...
ITL e-News March 2017
Published in 2017
SEM: Approved stock exchange under the Jersey Company Law, The National Code of Corporate Governance 2016, 2017 Index of Economic Freedom: Mauritius retains top spot in Africa, Mauritius and Senegal...
ITL e-News – January 2017
Published in 2017
New Singapore & India protocol: Mauritius gains supremacy, FSC clarifies the requirements for availing tax holidays, Mauritius: Prime source of FDI into India and Mauritius 2016: Economic retrospect...
ITL e-News – December 2016
Published in 2016
Mauritius to be granted Most Favoured Nation (MFN) status by India, FSC: Launching of the Online Submissions Platform, Limited Liability Partnerships Bill, Smart City – BOI issues Letter of Intent...
ITL e-News – November 2016
Published in 2016
GBC2 allowed to invest in securities listed on licensed exchanges, FSC grants new licences, Amendments to the Property Development Scheme,Amendments to the Film Rebate Scheme, Ease of doing business...
Flash News – FSB grants exchange licence to 4AX
Published in 2016
...
Budget Brief 2016-17
Published in 2016
Honourable Pravind Kumar Jugnauth, the newly appointed Minister of Finance and Economic Development presented his budget on the 29th July 2016. Against the backdrop of a sluggish global economy imbu...
ITL e-News – August 2016
Published in 2016
FATCA Reporting deadline extended, 2016-2017 National Budget, BoM cuts Key Repo Rate by 40 basis points, Convention 108: Mauritius 1st country in Africa to ratify, Mauritius launches direct flight t...
ITL Flash News – New Corporate Identity unveiling announce
Published in 2016
Launching of ITL’s new corporate identity with effect from 1st July 2016. ...
ITL e-News – June 2016
Published in 2016
ITL wins accolade for Corporate Finance Advisor of the Year, Mauritius: Most peaceful country in Africa, Japanese Diplomatic Mission to open in Mauritius, Moody’s: Mauritius rated Baa1, Mauritius ...
Flash News – ITL wins the 2016 PEA Corporate Finance A
Published in 2016
...
ITL e-News – May 2016
Published in 2016
Mauritius appoints a new Finance minister, Protocol amending the India-Mauritius DTAA, ICCA 2016, Bai Ki Moon in Mru, Signature of agreements between Mauritius & Cote d’Ivoire ...
ITL Flash News – Listing of Mainland Real Estate Ltd
Published in 2016
Listing of Mainland Real Estate Ltd ...
Protocol amending the India-Mauritius Double Taxation Avoida
Published in 2016
The India-Mauritius DTAA was executed by the two Contracting States on 24th August 1982 and entered into force in Mauritius on 1st July 1983. A protocol (the “Protocol”) amending the DTAA was si...
ITL e-news – April 2016
Published in 2016
FATCA Reporting , FSC issues Explanatory Notes, FSC signs MoU with FSA Seychelles, FSC signs MoU with FSRA Swaziland, Bank of China granted a banking licence to operate in Mauritius, visit of Presid...
ITL Flash News – Listing of OSWA CAPITAL LIMITED
Published in 2016
Listing of OSWA CAPITAL LIMITED ...
ITL Flash News – Listing of STONEBRIDGE PROPERTIES LIM
Published in 2016
Listing of STONEBRIDGE PROPERTIES LIMITED ...
ITL e-news – March 2016
Published in 2016
2015 Global PERE Awards, Visit of Lord Mayor of London in Mauritius, Creation of an Air Corridor between Asia and Africa, Air Services: Mauritius and Germany sign a MOU and a BASA, Japanese Embassy ...
ITL e-news – 19 February 2016
Published in 2016
Captive Insurance Act, Sub-Saharan Africa Resilience to External Shocks Index, Africa Visa Openness Index, Bank of China to open a Mauritius Branch, MCCI Business Confidence index, Ducere Chancellor...
ITL e-news February 2016
Published in 2016
Designated Officers no longer required for CIS Managers, Registration of Prospectus – Addendum to Circular Letter CL240915, 2016 Index of Economic Freedom,Democracy Index 2015,Corruption Perceptio...
ITL e-news January 2016
Published in 2016
Honorary Consult of the Grand Duchy of Luxembourg, Captive Insurance Act, Companies (Payment of Fees to Registrar) Regulations 2015, Common Reporting Standards (“CRS”), Mauritius and Russia – ...
ITL e-news – December 2015
Published in 2015
DTAA with Morocco, Amendments to IPA, India-Africa Forum Summit 2015 and opening of BOI office in New Delhi... ...
Budget Brief 2015-16
Published in 2015
The first budget of the newly elected government was presented by the Honourable Minister of Finance and Economic Development, Mr. Seetanah Luchmeenaraidoo on 23rd March 2015. The budget promotes a ...
ITL e-news November 2015
Published in 2015
Intercontinental Trust Ltd is proud to be associated with the secondary listing of CMB INTERNATIONAL LTD, which is the first Mauritius Global Business Company (“GBC”) to have its shares listed a...
ITL e-news October 2015
Published in 2015
Removal of Mru from EU's blacklist, Mru ranks in the Top 10 African countries of the Future 2015/2016, BOI – opening of offices in other continents ...
ITL e-news – Listing of CMB International Ltd
Published in 2015
Listing of CMB International Ltd ...
ITL e-news October 2015
Published in 2015
FSC updates, SEM awards, Ibrabim Index 2015, Global Innovation Index 2015, IPPA with UAE ...
ITL e-news September 2015
Published in 2015
API summit, ABAN, visit of Ghanaian president, Economic Mission Statement, SEM MOUs, Human Freedom Index, Czech air transport agreement, Botswana DTA ...
Smart City Scheme
Published in 2015
In March 2015, the Minister of Finance and Economic Development, Honourable Mr. Vishnu Lutchmeenaraidoo, announced in his budget speech, the advent of 13 employment-rich mega infrastructure projects...
ITL e-news – 31 July 2015
Published in 2015
Feedback Form & Updated Contact Details, Global Opportunities Index 2015, IPPA with Zambia, FSC issues revised procedures for application/renewal of TRC... ...
ITL e-news – 8 July 2015
Published in 2015
Treaty Updates, Mauritius signs a multilateral agreement with the OECD, Global Peace Index, AGOA ...
The new Double Taxation Agreement (DTA) between South Africa
Published in 2015
The existing Mauritius-South Africa Double Taxation Agreement (“the existing DTA”) was signed by the two contracting states on 5th July 1996 and came into force in 1998. A new Double Taxation Ag...
ITL e-news May 2015
Published in 2015
Private Equity Africa Award 2015 -Best Corporate Finance Advisor of the Year, ACOA 2015, Best Fund Administrator Mauritius 2015... ...
ITL e-news – 23 March 2015
Published in 2015
Release of FATCA Guidance Notes by the MRA, Interview of David Lashbrook in BIZweek, Mauritius still ranks among the top 10 on the 2015 Index of Economic Freedom... ...
ITL e-news March 2015
Published in 2015
4AX, Visit of the Indian Prime Minister in Mauritius, Mauritius and Austria sign Tax Information Exchange Agreement, Mauritius International Arbitration Centre: Mauritius to sign United Nations conv...
ITL e-news January 2015
Published in 2015
15 years of ITL, Best Customer Initiative Award, Mr Basant Roi appointed Mauritius Central Bank Governor, General elections in Mauritius, FSC Annual Statistical Bulletin 2014... ...
FSC Mauritius issues Circular Letter and FAQ on Competency S
Published in 2015
he Financial Services Commission ("FSC") has issued a Circular Letter (CL250315) in relation to the applicability of the Compentency Standards for a CIS Manager engaged in the management of a Collec...
ITL e-news December 2014
Published in 2014
FATCA, ITL’s CEO Ben Lim to speak at ‘Business Success in Africa’ Summit, General Elections in Mauritius, Mauritius benefits Indian e-visa facility... ...
ITL e-News – Dec 2014
Published in 2014
Intercontinental Trust Ltd is pleased to send our December 2014 e-News edition to keep you in touch with ITL and Mauritius news and developments ...
ITL e-news November 2014
Published in 2014
ISAE 3402 Certification, Mauritius expands its DTA network, ITL sponsors API Summit, ITL at Private Equity Mauritius... ...
ITL e-News – Nov 2014
Published in 2014
Intercontinental Trust Ltd is pleased to send our November 2014 e-News edition to keep you in touch with ITL and Mauritius news and developments ...
ITL e-news October 2014
Published in 2014
Mauritius ranked 1st in Mo Ibrahim Index, Global Competitiveness Report 2014, ITL proud to be a Patron Sponsor of the Mauritius Institute of Directors, Spotlight on Intercontinental Trust Ltd in AV...
ITL e-News – Vol 1 Issue 1
Published in 2014
Intercontinental Trust Ltd is pleased to present our e-News edition to keep you in touch with ITL and Mauritius news and developments ...
Employee Benefit Trust
Published in 2014
The Trust Act allows for a variety of different types of trusts, including Employee Benefit Trust (EBT). EBTs are set up as a way of motivating and incentivising employees by providing benefits. It ...
Ben Lim, ITL’s Chief Executive Officer, speaks with AVCA
Published in 2014
Ben Lim, ITL’s Chief Executive Officer, speaks with AVCA about ITL’s commitment to supporting private equity in Africa, and the evolution of the regulatory environments in Mauritius and across t...
Mauritian Shareholding in Category 2 Global Business Company
Published in 2014
On 25 July 2014, the Financial Services Commission (“FSC”) issued a communiqué and a Frequently Asked Questions (“FAQs”) which clarify the circumstances under which Mauritian nationals (res...
Amendments to the guide to Global Business
Published in 2014
The FSC has on the 28th February 2014 issued a communiqué on the amendments to Sections 4 and 5 of Chapter 4 of the Guide to Global Business. A Frequently Asked Questions (FAQs) paper was also rele...
Mines and Money Access Africa Mauritius Conference 2014
Published in 2014
Mines and Money is launching its first Africa-focused investment event from 23rd to 25th of June 2014 at Intercontinental Hotel, Mauritius. ...
ITL Newsletter Vol 7 Issue 3 – Intercontinental Trust
Published in 2014
The breakfast seminar has been an opportunity for sharing of ideas on the benefits of structuring of mining/exploration companies through Mauritius and the banking solutions for the Pan-African Inve...
ITL Newsletter Vol 7 Issue 2 – Freeport Activities Upd
Published in 2014
The Freeport Act was amended on Dec 2012 to allow a company operating in the Freeport to undertake manufacturing activities, provided that 76% of the company?s production is exported to African coun...
Intercontinental Trust, first administrator in Mauritius to
Published in 2014
ITL has chosen state of the art software, eFront for its Private Equity fund administration operations. eFront is a leading provider of software solutions dedicated to the Alternative Investment ind...
ITL Newsletter Vol 6 Issue 16 – Listing in Mauritius
Published in 2013
ITL boasts a full-fledged dedicated Listing Division capable of offering a combined package (one stop shop) of corporate services, broking services as well as legal advisory. ...
ITL Regulatory Issue 1 – Regulatory Updates Affecting
Published in 2013
Main amendments in the Laws and Regulations of Mauritius which govern the Global and Freeport Sector ...
Mauritius Budget 2014
Published in 2013
The 2014 Budget recognizes that a continued increase in commercial substance is crucial for the growth of the Financial Services Sector. ...
ITL Newsletter Vol 6 Issue 13 – Private Pension Scheme
Published in 2013
The long awaited Private Pension Scheme Act came into force on the 1st November 2012 and is expected to boost the market in the country’s thriving financial services industry. ...
Amendments to Global Business Guide
Published in 2013
The Financial Services Commission ("FSC") Guide to Global Business has recently been amended to include new requirements to be complied with by GBC1s. GBC1s have up to 1 January 2015 to comply with ...
ITL Newsletter Vol 6 Issue 12 – Investing In Zimbabwe
Published in 2013
Mauritius is currently topping investment inflows into Zimbabwe with a commitment of over USD 3.4 billion for the past two years. Proposed projects are mainly in the sectors of mining, manufacturing...
Vol 6 Issue 11 – Mauritius Exclusive Economic Zone EEZ
Published in 2013
The Exclusive Economic Zone (“EEZ”) of the Republic of Mauritius extends over an area of about 2.3 million Km² (including approx. 400,000 Km² jointly managed with the Seychelles) and this make...
Vol 6 Issue 10 – Mauritius Visa relaxation for Africa
Published in 2013
Mauritius looking to strengthen its african connections by easing visa requirements for 48 african countries ...
Vol 6 Issue 9 – New Registrar of Companies Fees
Published in 2013
The Registrar of Companies (“ROC”) has published a new schedule of fees under Companies (Fees Payable to Registrar) Regulations 2012, effective as from 1st January 2013. ...
Vol 6 Issue 8 – Foundation Act 2012
Published in 2013
The Registrar of Companies (“ROC”) has published a new schedule of fees under Companies (Fees Payable to Registrar) Regulations 2012, effective as from 1st January 2013. ...
Vol 6 Issue 7- SEM wins award
Published in 2013
The Stock Exchange of Mauritius (“SEM”) has won for the second consecutive year the “Most Innovative African Stock Exchange of the Year Award” at the Institutional Investment Summit and Inde...
Vol 6 Issue 6 – Mauritius Budget 2013
Published in 2013
The 2013 Mauritius budget witnesses the continuity of last year’s innovation in the development of the Global Business sector ...
Vol 6 Issue 5 – Vivo Energy
Published in 2013
Vitol and Helios have acquired the majority of Shell’s shareholding in its downstream businesses in ten African countries – Burkina Faso, Cape Verde, Guinea, Ivory Coast, Madagascar, Mali, Mauri...
Administrative Penalties for late filing of Accounts &
Published in 2013
The Financial Services Commission (?FSC?) has, under section 93 of the Financial Services Act 2007, issued a new set of Rules which introduces, for the first time, financial administrative penalties...
Vol 6 Issue 2 – IOSCO
Published in 2012
The Mauritius Financial Services Commission (“FSC”) has become a signatory of the International Organization of Securities Commission (“IOSCO”) Multilateral Memorandum of Understanding (“M...
Vol 6 Issue 1- Rockcastle
Published in 2012
Intercontinental Trust Limited has been associated with the listing and trading of the shares of the first Global Business Licence Category 1 Company, Rockcastle Global Real Estate Company Ltd, on t...
Vol 5 Issue 16 – Moody’s Upgraded Mauritius
Published in 2012
Moody’s investors service upgraded Mauritius’s ratings from Baa2 to Baa1. Amongst the trigger for this upgrade from Baa2 to Baa1 is the increased diversification of the economy into the high-val...
Vol 5 Issue 15 – South Africa Road Show
Published in 2012
During the last week of May 2012, a team from Intercontinental Trust Ltd conducted a series of seminars in Johannesburg and Cape Town to showcase the Mauritius Advantage. ...
Vol 5 Issue 14 – Guide to Luxury Residential Property
Published in 2012
Mauritius is renowned as a place to enjoy one’s holidays for its white sandy beaches and blue lagoons. While this is still the case, with the growing number of foreigners settling in Mauritius, it...
Vol 6 Issue 4 – Vita Rice
Published in 2012
Intercontinental Trust Limited has been associated with the 1st Mauritius rice producer -Vita Rice Limited, a subsidiary of Vita Grain Pte Ltd (“Vita Grain”). ...
Vol 6 Issue 3 – Foundation
Published in 2011
Intercontinental Trust is the 1st management company to have set up a foundation in Mauritius, after the Mauritius Parliament passed the Foundations Act, on 5 June 2012. The Act aims at allowing for...
Vol 5 Issue 5 – Live in Mauritius
Published in 2011
Mark Twain, once said that “Mauritius was made first, then heaven was copied from it”, and anyone who has visited the island would no doubt agree with him. Mauritius is renowned as a place to en...
Vol 5 Issue 3 – ICAEW
Published in 2011
ntercontinental Trust Limited (“ITL”) is proud to announce that it has been granted Authorised Training Employer (“ATE”) status by the Institute of Chartered Accountants in England and Wales...
Vol 5 Issue 2 – New requirements for GBC2
Published in 2011
…with regards to changes brought by the Finance Act 2009 and the new procedures established by the Financial Services Commission (“FSC”) with respect of a Category 2 Global Business Company (...
Vol 5 Issue 13 – New Licence Fees
Published in 2011
The Financial Services Commission has, under the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2011, revised the annual fees and charges for late payment for Global Business...
Vol 4 Issue 4 – Duties of directors
Published in 2011
A director of a Mauritian company must, as from the date of his appointment, comply with certain duties and obligations as set out under the Companies Act 2001 of Mauritius (the “Act”). These du...
Vol 5 Issue 12 – The 2011 Ibrahim Index
Published in 2011
For the fifth consecutive year, Mauritius is ranked No 1 over 53 African countries in the Ibrahim Index. This index provides a comprehensive ranking of African countries according to governance qual...
Vol 4 Issue 3 – CIS Regulations
Published in 2011
The Securities (Collective Investment Schemes and Closed-end Funds) Regulations 2008 (“CIS Regulations”) made under the Securities Act 2005 came into force on the 10th May 2008 and provide for t...
Vol 5 Issue 11 – Introduction of Limited Partnerships
Published in 2011
The Limited Partnership Bill has received Parliamentary assent on 18 October 2011. Upon the said Bill receiving Presidential Assent and being duly Gazetted, the option of setting Limited Partnership...
Vol 4 Issue 2 – New licensing fees
Published in 2011
The Financial Services Commission (“FSC”) has, under the Financial Services (Consolidating and Licensing) Rules 2008, published on the 22nd March 2008, a new schedule of fees that will be applicab...
Vol 4 Issue 1 – FSA
Published in 2011
The Financial Services Act 2007 (“The FSA”) came into force on the 28th September 2007. As the Minister of Finance and Economic Development stated in parliament, the FSA is aimed primarily at…...
Vol 5 Issue 9 – ITL South Africa representative office
Published in 2011
Intercontinental Trust Limited (“ITL”) is pleased to announce the opening of a representative office in South Africa. The South Africa representative office is a reflection of… ...
Vol 5 Issue 8 – ISAE3402
Published in 2011
Intercontinental Trust Limited and its wholly owned subsidiaries, Intercontinental Fund Services Ltd and ITL Trustees Ltd (“ITL Group”), are pleased to announce the successful completion of thei...
ITL Newsletter – Africa Series – Kenya
Published in 2010
Kenya is often described as “the cradle of humanity” as earliest evidence of man’s ancestors was discovered by palaeontologists. In the present day, Kenya’s ethnic diversity has produced a v...
Vol 5 Issue 7 – Listing in Mauritius
Published in 2010
The Stock Exchange of Mauritius (“SEM”) has recently amended its listing rules to allow for Global Business Company Category One (“GBC1”), whether Special Purpose Vehicle (“SPV”) type or...
