1. 09/02/2018

    The two forthcoming celebrations are the Maha Shivratree and Chinese Spring Festival.

    Chinese Spring Festival

    The Chinese New Year marks the beginning of a new lunar according to the traditional Chinese calendar. Each year is represented by a zodiac animal on the lunar-solar Chinese calendar and the Chinese community welcome 2018 as the Year of the Dog.

  2. 09/02/2018

    A Foundation is a separate legal entity without shareholders and members but have beneficiaries. A Foundation can be considered as a medley between a trust and a corporate entity. A Foundation is generally established to reflect the wishes of a Founder(s), who may be an individual or a legal entity. In a Foundation, it is the Council who manage the day to day affairs of the property of the foundation.

  3. 09/02/2018

    The Common Reporting Standard (CRS) has been developed by the Organisation for Economic Co-Operation and Development (OECD). As at 15 January 2018, 98 countries have signed the Multilateral Competent Authority Agreement to implement the CRS. You may access the current list of countries on the following website:

    Mauritius has implemented CRS as from 1st January 2017. 

  4. 09/02/2018

    As from 1st January 2018, all legal entities which engage in certain financial transactions and listed financial instruments such as shares, bonds, warrants, amongst others, must apply for a Legal Entity Identifier (LEI) code, which is a requirement by the European MiFID II directive.

  5. 09/02/2018

    According to the Economist Intelligence Unit Democracy index 2017 (The “Index”), Mauritius occupied the first position in Africa with an overall score of 8.22 and is ranked 16th out of the 167 countries worldwide. Mauritius is considered as the only “fully free” democracy in Africa.

  6. 16/01/2018

    On 8th December 2017, CIEL Group unveiled, in the presence of representatives of the five clusters of the group, namely, CIEL Hotels & Resorts, CIEL Agro & Property, CIEL Textile, CIEL Finance and CIEL Healthcare, its new Purpose Statement “For a World we can all feel proud of” and Values “People at Heart - Excellence at Core - Ethical & Sustainable”.

  7. 16/01/2018

    The Mauritian are descendants of European (mostly French), the Franco-Mauritians; African slaves and creoles, the Afro-Mauritians; Chinese traders, the Sino-Mauritian; Indian laborers, the Indo-Mauritius and this diversify culture is an example of successful cultural integration.  As our country is celebrating its 50th anniversary post-independence this year, it is a good year for us to talk on the different celebrations in Mauritius. 

    The two forthcoming celebrations are the Thaipoosam Cavadee and Abolition of Slavery.

  8. 16/01/2018

    For South Africa

    At the end of December 2017, Cyril Ramaphosa was elected as the new Leader of the African National Congress (ANC) party for the next five years. Jacob Zuma, the previous leader of ANC, who is currently the President of South Africa is being called to step down. This important political development will definitely have a bearing on the next Presidential election in South Africa which is due in 2019.

  9. 16/01/2018

    As per the report published by the Bank of Mauritius (BOM) on the 30th December 2017, the Gross FDI flows in Mauritius have been estimated at MUR 12,330 million for the first three quarters of 2017 compared to MUR 10,592 million for the corresponding period in year 2016 representing an increase of approximately 16%.

  10. 11/12/2017

    Matthieu parlez-nous de votre projet 'emediaplace' / Matthieu could you please tell us how did you come up with this project and brief us of what ‘emediaplace’ is about?

    Début 2016, je me suis rendu compte qu’il n’existait pas de kiosque de journaux numériques dans l’Océan Indien. Cela existe ailleurs dans le monde, mais pour en bénéficier, il est nécessaire de disposer de moyens de paiements en Euros/Dollars, ce qui n’est pas accessible à tout le monde.

  11. 11/12/2017

    Mauritius is continuing its path in collaborating with international markets, recently with Russia and China. This will emphasize fostering and strengthening economic cooperation and diplomatic ties for greater prosperity between the countries.

    Consolidating Business and Investment ties between Mauritius and Russia

  12. 11/12/2017

    Mauritius retains its first position in overall governance in Africa according to the Mo Ibrahim Index of African Governance (IIAG) 2017. Mauritius has again achieved the highest overall score out of a total of 53 African countries. The Index assesses four categories of governance, namely:

  13. 11/12/2017

    The Board of Investment (BOI) of Mauritius organised a high-level investment promotion mission led by the Prime Minister of Mauritius in Côte d'Ivoire, to tap investment opportunities in Western Africa.

    MITCO represented by Wendy Kong (Head of Business Development) and Franck Gosse (Country Representative of Côte d'Ivoire) also formed part of the Mauritian delegation.

  14. 21/11/2017

    The Association of Trust and Management Companies ("ATMC"), which is the flagship representative body of the Mauritian global business industry, organizes its Sports Day on Saturday 11 November.

  15. 20/11/2017

    Basically, a Family Office provides the necessary skill, guidance and management of a family’s wealth to build a structure which can help protect that  inheritance and pass it smoothly across generations. There are many reasons to set up a family office but the core one is the wish to facilitate the inter-generation transfer of wealth and reduce intra-family disputes.

  16. 20/11/2017

    The Overseas Family Office (“OFO”) was announced in the Mauritius Budget 2016/2017. The Scheme aims at the enhancement of our position as a wealth management destination via management  of assets of High Net Worth Individuals (“HNWI”) and families in Mauritius.

    The Financial Services Commission issues two sets of licenses: the single OFO & the multiple OFO. The OFO is required to actively manage a prescribed minimum investible and liquid wealth base of USD 5 Million.

  17. 20/11/2017

    Mauritius has been ranked 25th out of 190 countries by the World Bank’s Doing Business Report 2018 ( “The Report”). The Country has thus made a significant leap from the 49th position last year to 25th this year. This 2.09 increase in score implies that since last year, the country has improved its business regulations and is narrowing the gap with the global regulatory frontier.

    The Doing Business Report 2018 has reported improvements in ranking in 8 out of 10 indicators namely

  18. 20/11/2017

    Ally has joined the MITCO Group on the 1st July 2017 as the Head of Sales. He recently tied up with Alteo Properties and spoke at a few events held in China and Hong Kong. Ally was also a keynote speaker at the Campden Wealth Asia Pacific Family Office Conference, held on 25th & 26th of October 2017 in Hong Kong. We have invited Ally to share the key queries and his experience at the Conference.

  19. 13/11/2017

    In the wake of the release the so-called ‘Paradise Papers’ by the International Consortium of Investigative Journalists (The “ICIJ”) whereby unfounded allegations were levelled against Mauritius, the Prime Minister of the Republic of Mauritius has issued an official statement on the 9th November 2017.

  20. 09/10/2017

    The Investment Promotion Act has been amended to introduce a new category of Occupation Permit: - The Innovator Occupation Permit (The “Innovator OP”).

    The Innovator OP has been designed for the non-citizens who wish to invest in Mauritius and conduct Research and Development projects in innovative sectors.

  21. 09/10/2017

    Mauritius continues to carry on its path in the international arena to improve our Financial Services sector.


    In the 22nd edition of the Global Financial Centres Index released in September 2017, Mauritius gains two places by positioning itself at the 69th place globally out of 92 internationals financial centres. Mauritius establishes itself among the leaders in Africa.

  22. 09/10/2017

    MITCO in collaboration with Alteo Properties Ltd, a company which is in the real estate and hospitality sector in Mauritius, is participating to the Asia Pacific Family Office Conference (The “Conference”) which shall be held on 25 & 26 October 2017 at Shangri-La Island Hotel, Hong-Kong.

     The Conference is organised by Campden Wealth and has been designed for the ultra-high net worth families that manage family offices or those who intend to set up such structures. 

  23. 09/10/2017

    The main economic sectors in Mauritius are tourism, finance, agriculture and information and communication technology. The Mauritian Government is putting lots of efforts to modernize these markets and is also adopting a new approach for the development of new sectors.