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Mauritius jumps ahead of South Africa to 1st in Africa according to the GCI Index  19-09-2013

Mauritius moves up nine places to 45th overtaking South Africa as the leading country in the Sub Saharan African region according the Global Competitiveness Index (GCI) 2013-2014. The island nation demonstrated strong stable political systems, transparent business environment and an efficient gove
ment. Mauritius also boasts well developed infrastructures, low trade barrie ...

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Mauritius opening market access to North Africa, with PTA under negotiations with Tunisia 19-09-2013

Mauritius and Tunisia started first round of negotiations on a Preferential Trade Agreement (PTA). Delegations from both sides met on the 28th and 29th August to initiate a draft agreement. Terms with respect to namely Rules of Origin and Market access were laid out and next round of negotiations have been scheduled tentatively for November 2013. This PTA will expand Maurit ...

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Guernsey and Mauritius towards signature of a DTA 19-09-2013

 
Negotiations are underway towards a Double Taxation Agreement (DTA) between Mauritius and Gue
sey. Representatives from the Mauritius Revenue Authority (MRA) and the tax authorities of Gue
sey met between the 12th and 14th August to discuss terms of the agreement. An Information Exchange Agreementwas then signed by both parties as a preliminary step to setting up ...

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Mauritius not a tax haven according to French authorities 19-09-2013

According to a list published by the French authorities, Mauritius is not considered as a tax haven and will continue to benefit from funding aid from the French Development Agency.   Countries appearing on the French “black list” include Lebanon, Panama, Botswana, UAE, Guatemala, Costa Rica among others. The director of the Association of Trust and Manag ...

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The Stock Exchange of Mauritius handbook is now out! 06-09-2013

  Intercontinental Trust acts as Company Secretary to RockCastle one of the largest Global Business Real Estate company listed on the Official Market. (See page 77)   Intercontinental Trust appearing on page 7 of the SEM (Official Market) Handbook 2013, an annual publication of the Mauritius Stock Exchange containing salient information and a 5-year financial r ...

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Change in Mauritius mobile number 28-08-2013

Due to increasing number of mobile phone subscribers, the Information and Communication Technologies Authority (ICTA) of Mauritius has decided to implement an 8 digit numbering plan for mobile networks. This would allow the mobile phone operators to increase the number of subscribers.   ...

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Intercontinental Trust facilitator on the listing of a USD 450m fund 06-08-2013

Intercontinental Trust Ltd acted as facilitator and administrator on the listing of Sanlam Africa Core Real Estate Fund Ltd on the Official Market of the Stock Exchange of Mauritius Ltd (SEM).  90 million shares of the fund started trading at an initial price of USD5.   The Fund is mandated to invest in core commercial real estate assets with focus being on Grad ...

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Mauritius towards FATCA compliance 06-08-2013

Mauritius has signified its intent on becoming Foreign Accounts Taxation Compliance Act (FATCA)compliant. FATCA is a US law enacted in 2010 to prevent tax evasion by US citizens and residents. The Ministry of Finance and Economic Development of Mauritius has set up a technical committee consisting of relevant gove
ment bodies to review the FATCA IGA 1 model agreement and T ...

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Launching of ETFs on the Mauritius Stock Exchange 06-08-2013

ABSA Capital SA listed the first Exchange Traded Fund (ETF) on the Mauritius Stock Exchange (SEM) in July 2013 trading as NewGold. NewGold is the largest ETF in Africa offering investors direct exposure to gold bullion. This will mark the fifth listing of the product which is also currently available on the South African, Botswana, Nigerian and Ghanaian stock exchange. &nb ...

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Mauritius and Gabon sign a Double Taxation Agreement and IPPA 31-07-2013

Mauritius signed a Double Taxation agreement on 18th of July 2013 with Gabon in a move to promote closer business ties.  An Investment Promotion and Protection Agreement(“IPPA”) was also signed on the same day.   The treaties will enhance economic relations by lowering the negative impact of direct and indirect taxation. They will also help increase ...

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