Blog
Mauritius Double Tax Treaty Update
Mauritius had had a busy period recently with a number of treaties being negotiated and or signed but not yet in place. We highlight some of these here: The protocol to the treaty with Barbados has now been signed on the 12 December, 2017; Negotiations are ongoing with Zambia with…
Investing into UK property by non-residents
UK property has long been an investment of choice for non-UK residents looking for a stable and secure home for discretionary savings. This has historically also come with some significant tax advantages from the UK perspective. This status has been under attack for some time and many of the advantages…
South Africa 183 Day Exemption & CFC Update
South Africa 183 Day Exemption & CFC Update: In previous blogs, we had raised the prospect of changes to South Africa’s domestic Income Tax legislation. Of importance, was the proposed withdrawal of the tax exemption for South African tax residents who worked outside of South Africa for a sufficient period.…
Global Competitiveness Report 2017/2018: Mauritius in the Lead in Sub-Saharan Africa
Mauritius occupies the leading position in the Sub-Saharan African region for the fourth consecutive year – according to the Global Competitiveness Report 2017/2018 published by the World Economic Forum on 27th September 2017. Out of 137 countries, the country maintains its same ranking, at 45th, however with a slightly improved overall…
Mauritius and the Common Reporting Standard
Mauritius is a late adopter to the Common Reporting Standard (“CRS”). CRS evolved out of an OECD-led initiative currently supported by over 100 countries (“Participating Countries”). The purpose of CRS is to combat tax evasion. Participating Countries do this by the exchange of their tax residents’ tax information. Late adopter…
Recovery Continues: New Developments in the BVI Financial Services Industry
We are pleased to report that substantial progress is being made in the restoration of the financial and legal services available on Tortola. The backlog of past filings has been cleared. The BVI’s online incorporations system, VIRRGIN, is fully functioning. Regulatory submissions can now be completed electronically and on-island banking services…
Citizenship-by-Investment in Cyprus
The Republic of Cyprus has implemented various incentives in order to enhance and attract further foreign direct investments into the country. One of the schemes is the citizenship-by-investment program which grants Cypriot citizenship to those that invest EUR 2,000,000 or more in residential real estate, an investment amount which has…
UK’s Partnership with Mauritius Government to Further Position Mauritius as Fintech Hub for Africa
The high-level delegation led by Mr. Dev Manraj, the Financial Secretary is currently on mission in the United Kingdom met with representatives of the Foreign and Commonwealth Office (FCO) on 05 October 2017. Working sessions were held with Mr Tim Morris, Senior Trade Advisor for Africa at the Department Working…
Regulatory Sandbox Licence – More Opportunities For Business Investors In Mauritius
The Regulatory Sandbox Licence (RSL) is an initiative proceeding from the Mauritius 2016/2017 National Budget. The RSL regulation was broadcast under the Investment Promotion Act in October last year and the relevant guidelines were subsequently put in place. The RSL is a measure issued by the Board of Investment (BOI),…
Hurricane Irma: Osiris Reports “Staff Are Safe And BVI Office Is Operational”
We can now report that all our colleagues and their families are all safe and well following the recent historic Category 5 Hurricane Irma, which hit the BVI less than 2 weeks ago. Irma was followed by Cat. 4 Jose, which past north of Caribbean islands and Puerto Rico. We…