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New Rules for Authorised Companies and New Substance Requirements for Global Business Companies 21-11-2018

As mentioned in our Newsletter on the Finance Act 2018, with the enactment of the Financial (Miscellaneous Provisions) Act 2018 (the “Finance Act 2018”), the Financial Services Commission (FSC) will no longer issue Category 1 Global Business Licence (“GBL1”) as from 1st January 2019, and there will be only one type of Global Business Licence issued b ...

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Stock Exchange of Mauritius launches the Africa Board 21-11-2018

On 19th October 2018, the Stock Exchange of Mauritius (SEM) launched an Africa Board which has as purpose to showcase SEM’s listed issuers and products that have an Africa-centric orientation.   According to the SEM, the objective of setting up the Africa Board is to reinforce the Mauritius as a financial services hub for Africa. It aims at encouraging potentia ...

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No passport required for Reunion Island residents visiting Mauritius between August and October 2018 27-09-2018

In view to boost the number of visitors from Reunion Island, the Mauritius Gove
ment has put in place the ‘Maurice sans passport’ (Mauritius without passport) programme, under which Reunion Island residents can visit Mauritius without passport but by simply presenting their national identity card, during the period from  16th August to 10th October 2018. ...

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Global Peace Index: Mauritius ranks 1st in Africa, 20th worldwide 27-09-2018

Mauritius ranks 1st in Africa and 20th worldwide in terms of peaceful countries, according to the ‘Global Peace Index 2018: Measuring Peace in a Complex World’ issued by the Institute for Economics & Peace (IEP).   The report compares 163 independent states and territories (99.7 per cent of the world’s population) on their level of peacefulness. ...

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Financial Services Commission ‘Forward Looking’ Conference 27-09-2018

The Financial Commission (FSC) organised a high level two-day conference on 19th and 20th September 2018 at the Intercontinental Mauritius Resort in Balaclava, Mauritius.   The Conference, entitled ‘Forward Looking’, focused on the latest trends impacting the Mauritius Inte
ational Financial Center (Mauritius IFC), in line with developments at the inte
...

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Financial Services Commission issues Guidance Note 27-09-2018

On 17th September 2018, the Financial Services Commission (FSC) issued a Guidance Note on the ‘Recognition of Digital Assets as an asset-class for investment by Sophisticated and Expert Investors’. The FSC stated that it is highly supportive of Fintech-related initiatives and that the abovementioned Guidance Note is the first of a Fintech Series that the instit ...

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Mauritius Cinema Week 2018 – Save the Date 25-09-2018

The Mauritius Cinema Week which is an initiative of the Economic Development Board, will be held from 18-21 October 2018.   More information will follow soon. ...

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Mauritius and OECD sign Memorandum of Understanding 25-09-2018

The Mauritius Gove
ment has agreed to the signature of a Memorandum of Understanding with the Organisation for Economic Co-operation and Development (OECD), with the aim to strengthen and support effective regulation, sound corporate gove
ance and good conduct in Mauritius and in the Southe
and Easte
African regions. With a focus on markets and regulatory conduct, the ...

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Mauritius and the Zhejiang Province of the People’s Republic of China sign MOU 25-09-2018

On 18th June 2018, Mauritius and Zhejiang Province of the People’s Republic of China signed an “MOU of Strategic Tourism Promotion Cooperation”, in view to further their mutual cooperation in the tourism sector.   On this occasion, a delegation of 200 people from Zhejiang Province, comprising representatives from the tourism sector and Chinese media ...

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Mauritius and China consolidate bilateral relations through signature of 6 cooperation agreements 25-09-2018

In the margins of the Forum on China-Africa Cooperation (FOCAC) held on 3rd and 4th September 2018 in Beijing, China, Mauritius and China signed six agreements to consolidate their bilateral relations.   These included a Memorandum of Understanding (MoU) to mark the conclusion of negotiations on a Free Trade Agreement which began in December 2017. The FTA will be sig ...

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