It has been announced on April 26th that Mauritius and Ivory Coast have signed an Investor Protection Agreement in Abidjan. It was also announced that Mauritius and Ivory Coast are in negotiations for the conclusion of a double tax treaty between them. The treaty is expected to be signed shortly
This IPA adds to the very comprehensive list of IPA’s already signed by Mauritius into Africa;
Ireland and Ethiopia Treaty approved
It was also announced that on 22nd April that the treaty between Ireland and Ethiopia had been approved.
Key points under the treaty include:
- Withholding tax on dividends is 5%
- Withholding tax on interest is 5%
- Withholding tax on royalties is 5%
Ireland has been fairly active in negotiation and finalizing treaties into Africa of late, although this one was finalized in 2014 but has not yet entered into force. It would appear that Ireland is entering into the fray in terms of serving as an entry point into Africa, but it still has a way to go to compete with Mauritius in this regard. Osiris has considerable experience of setting up headquarter and operating companies in Ireland and would be happy to assist in this regard.
To find out how this can affect you, please go to our website: www.osiristrust.com