PORT LOUIS (REPUBLIC OF MAURITIUS)

2 - February - 2012

N.A.V: MUR 10.34
Fund Size: MUR 88.47M
 
For more information, please CLICK HERE

20 - January - 2012

NEW DELHI: The Supreme Court on Friday set aside a Bombay High Court judgement asking Vodafone International Holding to pay income tax of Rs 11,000 crore on a deal abroad. In a big victory to Vodafone, apex court directed the tax department to return Rs 2,500 crore deposited by Vodafone in compliance of its interim order within two months.

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Since its inception in 1997, our office in the Republic of Mauritius has matured to become our backbone business thanks to:
  • Our team of highly qualified and dedicated bilingual workforce, providing world-class service at comparatively low costs;
  • Our worldwide client base, including professionals, High Net Worth Individuals, multinational corporations and entrepreneurs; and
  • The island’s unique characteristics, such as its business-friendly economic climate, geographical location (a strategic location which is ideal for doing business with Asia, Africa and Europe in the same working day), its reliable and independent hybrid legal system of French and English law, with the Judicial Committee of the Privy Council (United Kingdom) as the ultimate Court of Appeal, its client confidentiality and secrecy laws, its multiple offshore vehicles, its low tax regime and its growing network of double taxation agreements.

The Republic of Mauritius is recognised as being an excellent place for doing business and its commitment towards the adoption of international best business practices and sustainable development has been appraised by international agencies such as the Organisation for Economic Cooperation and Development (OECD), the Financial Action Task Force (FATF), the International Monetary Fund (IMF) and the World Bank (WB). It was among the first six countries to have taken commitments to the OECD after its report on Harmful Tax Competition and is now a participating partner at the Global Tax Forum.


Mauritius has signed a number of Investment Promotion and Protection Agreements (IPPAs) so as to safeguard investor’s businesses and assets and also enjoys favourable fiscal advantages through its growing network of double taxation agreements with some 36 countries: Bangladesh, Barbados, Belgium, Botswana, China, Croatia, Cyprus, France, Germany, India, Italy, Kuwait, Lesotho, Luxembourg, Madagascar, Malaysia, Mozambique, Namibia, Nepal, Oman,  Pakistan, Qatar, Rwanda, Senegal, Seychelles, Singapore, Sri Lanka, South Africa, Swaziland, Sweden, Thailand, Tunisia, Uganda, United Arab Emirates, United Kingdom, and Zimbabwe. There are no exchange controls and profits can be repatriated with no withholding taxes on dividends, royalties and interests.


Mauritius is a member of regional blocks such as the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC), the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) and the Indian Ocean Commission (IOC), which provides it with preferential access to a market of over 450 million consumers. This makes Mauritius the most suitable platform for international investors to route their investments into Africa.


It is an ideal jurisdiction for investors seeking to conduct their businesses and provides security and flexibility through its investor-friendly legislations and streamlined procedures. Mauritius currently offers such investment, business and asset holding and asset protection vehicles as: special purpose entities (Category 1 Global Business Licence entities), international business entities (Category 2 Global Business Licence entities), protected cell companies, insurance, captive insurance and rent-a-captive arrangements, collective investment funds, trusts, private trust companies, “sociétés” and partnerships, all with attractive fiscal incentives and supported by an excellent infrastructure which includes modern telecommunications facilities, the presence of internationally renown banks together with a strong regulatory framework which is conducive for business.


Mauritius currently seeks to strengthen its position as a sound and credible international financial centre and wants to attract more “businesses of substance” by continuing to provide first-class service to both French and English-speaking clients.


For more information about Mauritius, please contact the following person, who will be very pleased to assist you :


Mr. Fawzee HOSSENBACCAS, BSc, TEP
Manager, Corporate Services
AAMIL (Mauritius) Ltd
Suites 340-345, Barkly Wharf
Le Caudan Waterfront
P.O. Box 1070
Port Louis, Republic of Mauritius
Tel : +230 210 1000
Fax

: +230 210 2000

E-mail: mauritius@aamil.com