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 e-News – April 2018
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...
ITL e-News – August 2017
Published in 2017
Mauritius – “Compliant” jurisdiction according to the OECD
According to the initial reports issued by the Global Forum on Transparency and Exchange of Inform...
ITL e-News – July 2017
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 e-News – June 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 2 – 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...
Africa Brochure – Mauritius the gateway to Africa
Published in 2013
Mauritius is regarded as a stepping stone for investments into Africa. Choosing Mauritius as a platform to invest into Africa proves to be more beneficial than choosing a direct route. ...
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...
