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Vol 5 Issue 14 - Guide to Luxury Residential Property

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 is a fact that the island is also seen as the ideal place to set up one’s home.

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Vol 5 Issue 13 - New Licence Fees

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 Companies holding a Category 1 Licence...

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Vol 5 Issue 12 - The 2011 Ibrahim Index

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 quality. Over the 86 indicators compiled, Mauritius achieved an overall score of 82.5 over 100 compared to the continental average of 50.4. Our attached newsletter provides you with a summary of the ...

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Vol 5 Issue 11 - Introduction of Limited Partnerships in Mauritius

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/s will be available to all players/ investors wishing to structure their investments through Mauritius…

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Vol 5 Issue 9 - ITL South Africa representative office

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…

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Vol 5 Issue 8 – ISAE3402

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 their International Standard on Assurance Engagement 3402, Assurance Reports on Controls at a Service Organisation (“ISAE 3402”) Type II audit. PwC Mauritius has issued…

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Vol 5 Issue 7 - Listing in Mauritius

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 Investment Holding type or other activities, to be listed. Previously only GBC1s who were licensed as…

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Vol 5 Issue 5 - Live in Mauritius

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 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…

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Vol 5 Issue 4 - ICAEW

Intercontinental 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 (“ICAEW”). ITL is the first Management Company in Mauritius to be granted such a status…

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Vol 5 Issue 2 - New requirements for GBC2

…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 (“GBC2”),we are pleased to let you have the following updates…

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