News

09/10/2017

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

MAURITIUS AMONG THE LEADERS IN THE GLOBAL FINANCIAL CENTRES IN AFRICA

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.

The index is published by the China Development Institute (“CDI”) in Shenzhen and Z/Yen Partners in London provides evaluations of competitiveness and rankings for major financial centres around the world and these quantitative measures are provided by third parties including the World Bank and the Economist Intelligence Unit. The measurement rests on five key categories, namely business environment, human capital, infrastructure, financial sector development and reputation.

Source - Board of Investment

MAURITIUS RATED AS OECD COMPLIANT

Besides, the Global Forum on Transparency and Exchange of Information for Tax Purposes (“Global Forum”), conducted a review process with the aim to comply with international standards for the exchange of information on request between tax authorities. On the 21st August 2017, Mauritius has been rated as an OECD Compliant jurisdiction.

In 2014, Mauritius was rated as a largely Compliant jurisdiction and to be upgraded “Compliant Status”, Mauritius has implemented a number of measures and appears amongst the only 3 jurisdictions (Ireland, Mauritius, Norway) being upgraded after a second round of reviews by the Global Forum

Source - The Financial Services Commission