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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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Vol 4 Issue 4 - Duties of directors

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 duties and obligations will apply in the same way to ‘alternate directors’. Similarly, directors are also bound...

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Vol 4 Issue 3 - CIS Regulations

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 the rules governing Collective Investment Schemes…

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Vol 4 Issue 2 - New licensing fees

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 applicable to the licensing of global business and financial services activities…

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Vol 4 Issue 1 - FSA

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…

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