Blog
MAURITIUS JOINS THE MADRID SYSTEM FOR TRADEMARKS: A MAJOR BOOST FOR BUSINESSES
In a significant move that highlights its commitment to fostering a favourable business environment, on 6 February 2023, Mauritius joined the Madrid System for trademarks administered by the World Intellectual Property Organization (WIPO) making it the 114th member. Of the 114 members, 19 are African countries. This development opens up…
HAS THE TIME COME TO AVOID PURCHASING A HOLIDAY HOME IN SOUTH AFRICA?
The South African Revenue Service (SARS) recently released a set of rules for transferring monies out of South Africa. Currently South Africans who want to transfer funds abroad of more than their R1m annual allowance are required to have a “Tax Clearance Pin”. For “non-residents” however, they will be required…
BENEFITS OF IMMIGRATING TO MAURITIUS
Mauritius, an island nation located in the Indian Ocean, is a popular destination for those looking to emigrate. Here are a few of the benefits of living in this tropical paradise. Stable Economy: Mauritius has a strong and stable economy, which is a major draw for those looking to start…
EUROPEAN COURT RULES AGAINST PUBLIC REGISTERS OF BENEFICIAL OWNERSHIP
A judgement made on 22 November 2022 in a European Court of Justice has ruled against public access to the information on the register of beneficial owners and cited that this “constitutes a serious interference with the fundamental rights to respect for private life and to the protection of personal…
MAURITIUS AND HONG KONG SAR ENTER INTO A DOUBLE TAX AGREEMENT
On 7th November 2022, Hong Kong signed a comprehensive double tax agreement (CDTA) with Mauritius which will enter into force following the completion of the ratification procedures in both jurisdictions. Some of the key features of the CDTA are: Tax Residency An entity shall only be tax resident in the…
MAURITIUS AND ANGOLA – DOUBLE TAX AVOIDANCE AGREEMENT
Mauritius and the Republic of Angola have executed a double taxation avoidance agreement (DTAA) which was published in the gazette of Mauritius on 30 August 2022. The agreement will come into effect on the date that Mauritius receives notification of the completion of the procedures under the domestic laws of…
YACHT CREW EMPLOYMENT
Having chosen the jurisdiction in which to register your yacht you now need to contemplate the issue of crew. With crew based on a yacht where the ownership, registration and homeport may all be different, as well as the fact that the yacht also moves, the issue of crew employment…
IMPORTING HOUSEHOLD AND PERSONAL EFFECTS INTO MAURITIUS
When relocating to Mauritius, a person may benefit from an exemption of tax and duties when importing their household and personal effects. MTrans Movers have put together a detailed article on the conditions of importing your personal effects when relocating permanently to Mauritius. Click here to view the full article.…
WHERE TO REGISTER YOUR YACHT
Having taken the decision to purchase your yacht you will now be faced with the decision as to where to register it. The decision is an important one and it is important to get it right. It would also make sense to talk to an advisor in making that decision…
MAURITIUS FOR AVIATION FUNDING AND LEASING SERVICES IN AFRICA
BACKGROUND Aviation in Africa is often more of a necessity than purely for pleasure, but is growing strongly. The difficulty in moving around Africa without transiting through a European hub has meant that more and more corporates and HNW individuals have purchased their own aircraft. Of interest then is the…