Blog
How To Relocate To Mauritius: A Users Guide
Relocating to Mauritius is a big decision. It might have arrived because you have finally decided that the time has come for you to enjoy your place in the sun. More likely the Rand has depreciated more than you can bear, or you don’t feel like paying the resident non…
New Frontiers Ltd: A Mauritius GBC1 With UK REIT Status
Real Estate Investment Trusts have proved very popular world-wide as the way to structure listed investment holdings. The tax simplicity of having a flow through structure and only taxing the recipients of the Reit’s distributions has proved to be a success. Osiris was recently tasked by New Frontiers Ltd to set…
International Hotel Group Ltd lists on Luxembourg and Johannesburg Stock Exchange
We are proud to have been involved in the listing of the IHG Group on the Luxembourg and Johannesburg Stock Exchanges. IHG, which is a BVI company incorporated and managed by Osiris, listed on the JSE in October 2015. Osiris was retained to project manage the entire offshore side of…
South Africa Hong Kong Double Tax Treaty
On the 20th October 2015 the double tax treaty between South Africa and Hong Kong entered into force. The Treaty applies from 1 January 2016 for South Africa and 1 April 2016 for Hong Kong. Interesting points to note about the treaty are: Withholding taxes on dividends are reduced to…
Mauritius Morocco Double Tax Treaty Details Now Available
Details of the DTT signed between Mauritius and Morocco on the 25th November 2015 have now become available. The treaty is based on the UN model convention. Withholding rates are as follows: Dividends 10% unless the holding company holds at least 25% of the equity in which case a reduced…
Mauritius Investment Promotion Act Amended
The Mauritius Board of Investment has amended its requirements for holders of Occupation Permits, a very common form of entry into Mauritius as follows: The annual income for the self-employed category has been increased from MUR 600,000 to MUR 1,200,000 as from the third year of activity. The salary threshold…
Mauritius and Malta Double Tax Treaty Update
On the 23 April 2015 the double tax treaty between Mauritius and Malta entered into force. The announcement on the entry into force was made by in Mauritius on the 10th November 2015 by way of legal notice. Interesting points to note about the treaty are: No withholding taxes on…
Mauritius Investment Promotion and Protection Agreements
Mauritius is well known for extensive and continually expanding network of double taxation avoidance agreements (“DTAAs”) primarily focused on Africa, which has established its tax efficiency as an International Financial Centre. While ensuring tax efficiency of investors, Mauritius has also established Investment Promotion and Protections agreements (“IPPAs”), also known as…
Mauritius FSC Issues Code Of Conduct
The FSC has recently issued a Code of Conduct (the Code) under its Fair Market Conduct Programme. The Code will be effective from 1 January 2016. The principles under which all licensed entities are expected to operate list 9 guiding principles which are as follows: Skill care and diligence Business…
BVI FSC Announces Premium Service And Extended Hours
In an effort to improve service levels the BVI FSC has announced an expansion of service offerings with effect from November as follows: Premium Service A premium service is now available for time sensitive transactions for an extra fee. These transactions include the following: filings for sensitive, complex and…