Impact on Investment

Financial Services Sector

In order to remain competitive globally, it is important that Mauritius continues to be innovative to maintain its competitiveness. The main budget measures to strengthen this sector include:

Introduction of Foundations

Private Foundations have become popular across the globe, especially in civil law jurisdictions where the ‘trust’ concept is less well known.

The introduction of an innovative and competitive Law on Private Foundations to give the necessary boost to Mauritius in this segment of activity and will help to further promote Mauritius as a platform for wealth management services, succession and estate planning, tax planning, charitable vehicles as well as pension and art funds in civil law jurisdictions.

Equivalence Jurisdiction

The FSC is to seek recognition of Mauritius as an equivalent jurisdiction with other leading financial centres to expand the scope of our financial platform and to market its products globally. Such recognition will facilitate the distribution of Mauritian domiciled funds in jurisdictions which recognizes our IFC.

Study on fiscal regime of Funds

To undertake a study on the fiscal regime for Mauritian domiciled funds to assess the competitive position of the Mauritian IFC vis a vis other leading and competing financial centres.

This study will allow the identification of new structures for funds that needs to be introduced in Mauritius to give the necessary boost to the Mauritian IFC. Norms as set by international bodies like the OECD, will be considered when undertaking this study for the effective development of internationally acceptable and transparent products.