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KENYA OFFERS ATTRACTIVE TAX INCENTIVES TO ENTITIES OPERATING IN THE TATU CITY SPECIAL ECONOMIC ZONE
We are proud to be associated with Gateway Real Estate Africa (GREA) who are the developers that will be constructing Eneo at Tatu Central, the anchor of the business district in Tatu City, Kenya. Eneo will consist of 2 office towers with a retail sector which will span an impressive…
THE ECONOMIC CRIME (TRANSPARENCY AND ENFORCEMENT) ACT 2022 (THE “ACT”)
On 15 March 2022 the Act was enacted by the UK Parliament to have effect in the United Kingdom. Some parts of the Act are not yet in force, and the supporting regulation has not been published. The purpose of this Act is to: Create a publicly accessible register containing…
THE SARS NON-RESIDENT TAX STATUS CONFIRMATION LETTER AND THE EMIGRATION TAX COMPLIANCE PIN
Expats who have chosen to go through the formal financial immigration process with SARS, on completion of the financial immigration process they are issued with a letter by the South African Revenue Service (SARS) that contains their Emigration Tax Compliance Pin (TCS). A letter which has a validity period of…
MAURITIUS TAX TREATY NETWORK UPDATE
2 new items of news from an ongoing treaty network expansion. Hong Kong Treaty to be signed. On the 1st of April 2022 the Mauritius cabinet authorised the signing of a treaty with Hong Kong. The treaty is in line with the OECD and UN Model Agreements on avoidance of…
RELAXING OF EXCHANGE CONTROL OF REQUIREMENTS FOR CAPITAL TRANSFERS BY PRIVATE INDIVIDUALS RESIDENT IN SOUTH AFRICA.
In the South African 2022 Budget Speech, the minister of Finance announced that the criteria for South African resident individuals who wish to invest abroad, have been expanded upon. The changes as published in Exchange Control Circular No. 8/2022 came into effect on 23 February 2022 in South Africa and…
MAURITIUS EXITS THE EU BLACKLIST
In an official publication released on 7th January 2022, The European Commission has proceeded to withdraw/remove Mauritius from their list of High Risk Third countries (often referred to as the EU Blacklist). The EU commission cited that it is satisfied that Mauritius has met the requirements laid out by the…
MAURITIUS RESIDENCE VISAS – TIME TO CONSIDER THEM
With the new year upon us again it makes sense for you to consider taking advantage of two really beneficial visas offered by Mauritius. Retiree visa One of the easiest visas to obtain in Mauritius. In order to obtain one, you need to be over 50, be able to remit…
MAURITIUS EXISTS THE UK LIST OF HIGH-RISK COUNTRIES
On the 2nd November 2021, the United Kingdom removed Mauritius from its list of high-risk countries under the UK’s Money Laundering and Terrorist Financing (Amendment) (No. 3) (high-risk countries) Regulations 2021. The decision followed shortly after the Financial Action Task Force (FATF) announced at the October 2021 plenary that Mauritius…
MAURITIUS EXITS THE FATF “GREY LIST”
The Financial Action Task Force (FATF) held its October plenary this week, and upon its conclusion on 21st October 2021, it was announced by the president of the FATF, Mr. Marcus Pleyer, that “after completing its action plan and a successful onsite visit by FATF team, Mauritius has been removed…
MAURITIUS ANNOUNCES THE REMOVAL OF THE TRAVEL BAN ON SOUTH AFRICA
After nearly 18 months, borders between South Africa and Mauritius are opening once again and the travel ban on South Africa has been lifted, effective 10th September and commercial flight operations will resume on 1st October 2021. This welcome announcement comes as a large relief to many South Africans who…