{"id":174,"date":"2018-11-23T13:17:01","date_gmt":"2018-11-23T09:17:01","guid":{"rendered":"https:\/\/pro-mauritius.com\/?page_id=174"},"modified":"2021-08-13T17:54:11","modified_gmt":"2021-08-13T13:54:11","slug":"law","status":"publish","type":"page","link":"https:\/\/pro-mauritius.com\/home\/law\/","title":{"rendered":"Law"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” admin_label=”Hero Section” _builder_version=”3.22″][et_pb_fullwidth_header title=”Law” subhead=”Mauritius Legal System” background_overlay_color=”rgba(0,0,0,0.15)” content_max_width=”550px” _builder_version=”3.26.3″ title_level=”h3″ title_font=”Verdana|700||on|||||” title_text_color=”#edbb5f” title_font_size=”14px” title_letter_spacing=”2px” title_line_height=”1.4em” content_font=”Verdana|600|||||||” content_font_size=”16px” content_line_height=”2em” subhead_font=”Times New Roman|700||on|||||” subhead_font_size=”48px” subhead_letter_spacing=”3px” subhead_line_height=”1.4em” background_color=”rgba(255,255,255,0)” background_image=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/law-firm-18.jpg” custom_button_one=”on” button_one_border_width=”1px” button_one_border_color=”rgba(255,255,255,0.3)” button_one_border_radius=”0px” button_one_letter_spacing=”1px” button_one_font=”Saira Extra Condensed|600||on|||||” button_one_icon=”%%3%%” button_one_icon_color=”#edbb5f” custom_button_two=”on” button_two_border_width=”1px” button_two_border_color=”rgba(255,255,255,0.3)” button_two_border_radius=”0px” button_two_letter_spacing=”1px” button_two_font=”Saira Extra Condensed|600||on|||||” button_two_icon=”%%3%%” button_two_icon_color=”#edbb5f” module_alignment=”right” custom_margin=”|||” custom_padding=”8%||260px|” button_one_text_color_hover=”#edbb5f” button_two_text_color_hover=”#edbb5f” button_one_bg_color_hover=”rgba(0,0,0,0)” button_two_bg_color_hover=”rgba(0,0,0,0)” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_one_text_color__hover_enabled=”on” button_one_text_color__hover=”#edbb5f” button_two_text_color__hover_enabled=”on” button_two_text_color__hover=”#edbb5f” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_one_bg_color__hover_enabled=”on” button_one_bg_color__hover=”rgba(0,0,0,0)” button_two_bg_color__hover_enabled=”on” button_two_bg_color__hover=”rgba(0,0,0,0)”]<\/p>\n

The laws of Mauritius are the result of a hybrid system combining more particularly British common law and the French Napoleonic Code, with\u00a0the modern legislation in the fields of company, banking, finance and taxation having a very strong English flavor.<\/p>\n

[\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”FAQ” _builder_version=”3.22″ custom_padding=”30px|0px|10px|0px|false|false”][et_pb_row _builder_version=”3.25″][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” header_font=”|700|||||||” header_font_size=”38px” header_line_height=”1.3em”]<\/p>\n

Laws and Legal Framework in Mauritius<\/h1>\n

[\/et_pb_text][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||”]The various Acts, under which companies and investment vehicles are registered, largely codifies English common law principles. The most relevant laws for companies are listed below. In addition, certain regulations may apply as they are published, i.e. by the Government in the Government Gazette or by the FSC in Circular Letters.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”4″ _builder_version=”3.25″ custom_padding=”0|0px|13px|0px|false|false” animation_style=”fade” locked=”off”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” header_font=”||||||||” header_2_font=”Times New Roman|600|||||||” header_2_font_size=”30px” header_2_letter_spacing=”1px” header_2_line_height=”1.3em” header_3_font=”Verdana|700||on|||||” header_3_text_color=”#edbb5f” header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”||||||||” text_orientation=”center” max_width=”550px” module_alignment=”center”]<\/p>\n

Most important Acts<\/h2>\n

[\/et_pb_text][et_pb_divider color=”#edbb5f” divider_weight=”2px” _builder_version=”3.2″ max_width=”60px” module_alignment=”center” height=”2px”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ _builder_version=”3.25″ custom_padding=”27px|0px|47px|0px|false|false”][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_blurb title=”Legal Entities” use_icon=”on” font_icon=”%%159%%” use_icon_font_size=”on” icon_font_size=”50px” _builder_version=”4.8.1″ header_font=”|700|||||||” body_font=”||||||||” text_orientation=”center” custom_margin=”0px|||0px” custom_padding=”10px|5px|10px|5px” box_shadow_style=”preset1″]<\/p>\n

Companies Act 2001\u00a0\"\"<\/a><\/p>\n

Protected Cell Companies Act 1999 \"\"<\/a><\/p>\n

Foundations Act 2012 \"\"<\/a><\/p>\n

Insolvency Act 2009 \"\"<\/a><\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_blurb title=”Financial Services” use_icon=”on” font_icon=”%%155%%” use_icon_font_size=”on” icon_font_size=”50px” _builder_version=”4.8.1″ header_font=”|700|||||||” body_font=”||||||||” text_orientation=”center” custom_padding=”10px|5px|10px|5px” hover_enabled=”0″ box_shadow_style=”preset1″ sticky_enabled=”0″]<\/p>\n

Financial Services Act 2007 \"\"<\/a><\/p>\n

The Finance (Miscellaneous Provisions) Act 2021\u00a0\"\"<\/a><\/p>\n

Securities Act 2005 \"\"<\/a><\/p>\n

Securities (Central Depository, Clearing and Settlement) Act 1996 \"\"<\/a><\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_blurb title=”Insurance” use_icon=”on” font_icon=”%%93%%” use_icon_font_size=”on” icon_font_size=”50px” _builder_version=”4.8.1″ header_font=”|700|||||||” text_orientation=”center” custom_padding=”10px|5px|10px|5px” box_shadow_style=”preset1″]<\/p>\n

Captive Insurance Act 2015 \"\"<\/a><\/p>\n

Insurance Act 2005 \"\"<\/a><\/p>\n

The Insurance (Amendment) Act 2015 \"\"<\/a><\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_blurb title=”Miscellaneous” use_icon=”on” font_icon=”%%72%%” use_icon_font_size=”on” icon_font_size=”50px” _builder_version=”3.15″ header_font=”|700|||||||” body_font=”||||||||” text_orientation=”center” custom_padding=”10px|5px|10px|5px” box_shadow_style=”preset1″]Trusts Act 2001 \"\"<\/a><\/p>\n

Limited Partnerships Act 2011 \"\"<\/a><\/p>\n

Private Pension Schemes Act 2012 \"\"<\/a><\/p>\n

Financial Intelligence and Anti-Money Laundering Act 2002 \"\"<\/a>
\n[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”FAQ” _builder_version=”3.22″ custom_padding=”50px|0px|10px|0px|false|false”][et_pb_row use_custom_gutter=”on” gutter_width=”4″ _builder_version=”3.25″ custom_padding=”27px|0px|0|0px|false|false” animation_style=”fade” locked=”off”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” header_font=”||||||||” header_2_font=”Times New Roman|600|||||||” header_2_font_size=”30px” header_2_letter_spacing=”1px” header_2_line_height=”1.3em” header_3_font=”Verdana|700||on|||||” header_3_text_color=”#edbb5f” header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”||||||||” text_orientation=”center” max_width=”800px” module_alignment=”center” custom_margin=”||15px||false|false”]<\/p>\n

Compliance: Low Regulatory Burden in Mauritius<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” ul_font=”||||||||” ul_line_height=”1.5em” ol_font=”||||||||” ol_line_height=”1.5em”]Fortunately, the density of regulation in Mauritius is very clear compared to Europe and the US. Entrepreneurs, corporations and investors benefit from a high level of economic and financial freedom and a low financial burden resulting from taxation and compliance. At the same time, the interests of minority shareholders are very well protected by the law.<\/p>\n

Major changes in law usually follow a predictable sequence of steps:
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”3.25″ custom_padding=”0|0px|17px|0px|false|false”][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_text=”1.” button_alignment=”right” _builder_version=”3.16″ custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#e09900″ button_border_width=”0px” button_border_radius=”0px” button_font=”|600|||||||” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]In June of each year, the Budget Speech outlines intended new laws and regulations, amendments and cancellations that shall come into force in the next fiscal year (1st<\/sup> July \u2013 30th<\/sup> June). At this stage, many details are still unclear. Some projects and initiatives may receive the required funding within the intended time frame, while others may not.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”3.25″ custom_padding=”0|0px|17px|0px|false|false”][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_text=”2.” button_alignment=”right” _builder_version=”3.16″ custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#e09900″ button_border_width=”0px” button_border_radius=”0px” button_font=”|600|||||||” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]Discussions and consultations between stakeholders.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”3.25″ custom_padding=”0|0px|17px|0px|false|false”][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_text=”3.” button_alignment=”right” _builder_version=”3.16″ custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#e09900″ button_border_width=”0px” button_border_radius=”0px” button_font=”|600|||||||” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]In August, the Finance Bill will be presented to the public as a draft with all law changes. Minor details may need further clarification.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”3.25″ custom_padding=”0|0px|17px|0px|false|false”][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_text=”4.” button_alignment=”right” _builder_version=”3.16″ custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#e09900″ button_border_width=”0px” button_border_radius=”0px” button_font=”|600|||||||” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]Further consultations between stakeholders.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ _builder_version=”3.25″ custom_padding=”0|0px|17px|0px|false|false”][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_text=”5.” button_alignment=”right” _builder_version=”3.16″ custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#e09900″ button_border_width=”0px” button_border_radius=”0px” button_font=”|600|||||||” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]The Finance Bill will be passed by parliament, including some amendments if needed.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Quote” _builder_version=”3.22″ background_position=”top_right” custom_margin=”|||” custom_padding=”50px|0px|26px|0px|false|false”][et_pb_row _builder_version=”3.25″ max_width=”700px” custom_padding=”|||” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”10%” animation_starting_opacity=”100%” use_custom_width=”on” custom_width_px=”700px”][et_pb_column type=”4_4″ _builder_version=”3.25″ background_color=”#ffffff” custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”Times New Roman|700|||||||” text_text_color=”#000000″ text_font_size=”18px” text_line_height=”1.8em” header_font=”||||||||” header_2_font=”||||||||” header_3_font=”Verdana|700||on|||||” header_3_text_color=”#edbb5f” header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” header_4_font=”||||||||” text_orientation=”center” animation_style=”flip” animation_direction=”top” animation_duration=”1500ms” locked=”off”]<\/p>\n

“Mauritius is characterized by strong business dynamism and sustained by lean administrative requirements that enable companies to open and close with relative ease.”<\/p>\n

[\/et_pb_text][et_pb_divider color=”#edbb5f” divider_weight=”2px” _builder_version=”3.2″ max_width=”60px” module_alignment=”center” height=”2px” locked=”off”][\/et_pb_divider][et_pb_text _builder_version=”3.27.4″ text_font=”Verdana|600|||||||” text_font_size=”16px” text_line_height=”2em” text_orientation=”center” locked=”off”]Global Competitiveness Report 2018
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.25″][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_button button_url=”https:\/\/pro-mauritius.com\/rankings\/” button_text=”Read more about Mauritius’ global rankings” button_alignment=”center” _builder_version=”3.16″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Feature – Image Right” _builder_version=”3.22″ custom_margin=”|||” custom_padding=”50px|0px|6px|0px|false|false”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”3.25″ width=”90%” max_width=”90%” module_alignment=”center” custom_margin=”|||” custom_padding=”27px|0px|3px|0px|false|false” animation_style=”fade” use_custom_width=”on” width_unit=”off” custom_width_percent=”90%”][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”||40px|6%” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” header_font=”||||||||” header_2_font=”Times New Roman|600|||||||” header_2_font_size=”30px” header_2_letter_spacing=”1px” header_2_line_height=”1.3em” header_3_font=”Verdana|700||on|||||” header_3_text_color=”#edbb5f” header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” max_width=”550px”]<\/p>\n

Regional Integration in Africa: COMESA, SADC & IORA<\/h2>\n

[\/et_pb_text][et_pb_divider color=”#edbb5f” divider_weight=”2px” _builder_version=”3.2″ max_width=”60px” module_alignment=”left” height=”2px”][\/et_pb_divider][et_pb_text _builder_version=”3.27.4″ text_font=”Verdana|600|||||||” text_font_size=”16px” text_line_height=”2em” ul_font=”||||||||” ol_font=”||||||||” max_width=”550px”]Mauritius is the only international financial services center being a member of all the major African regional organizations
\n[\/et_pb_text][et_pb_text ul_position=”inside” _builder_version=”3.27.4″ text_font=”Verdana||||||||” text_font_size=”12px” text_line_height=”2em” ul_font=”||||||||” ul_line_height=”2em” max_width=”550px”]<\/p>\n

    \n
  • Southern African Development Community (SADC)<\/li>\n
  • Common Market for Eastern and Southern Africa (COMESA)<\/li>\n
  • Indian Ocean Rim Association (IORA). (The Coordinating Secretariat of IORA is located at Ebene, Mauritius.)<\/li>\n<\/ul>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/comesasadc_map.jpg” show_bottom_space=”off” force_fullwidth=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″ animation_style=”fade” box_shadow_style=”preset1″ box_shadow_color=”rgba(12,12,12,0.36)”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”FAQ” _builder_version=”3.22″ custom_padding=”27px|0px|14px|0px|false|false”][et_pb_row use_custom_gutter=”on” gutter_width=”4″ _builder_version=”3.25″ custom_padding=”27px|0px|0|0px|false|false” animation_style=”fade” locked=”off”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” header_font=”||||||||” header_2_font=”Times New Roman|600|||||||” header_2_font_size=”30px” header_2_letter_spacing=”1px” header_2_line_height=”1.3em” header_3_font=”Verdana|700||on|||||” header_3_text_color=”#edbb5f” header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”||||||||” text_orientation=”center” max_width=”800px” module_alignment=”center”]<\/p>\n

    Multi-lateral agreements of Mauritius<\/h2>\n

    [\/et_pb_text][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” text_font_size=”16px” ul_font=”||||||||” ul_line_height=”1.5em” ol_font=”||||||||” ol_line_height=”1.5em”]New practices of some countries or group of countries, respectively, imposing their laws to the entire world increasingly affect all jurisdictions.
    \n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”3.25″ custom_padding=”22px|0px|17px|0px|false|false”][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/european-flag.jpg” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]<\/p>\n

    In Europe, the European Union<\/strong> (EU) not only issues new laws, regulations, orders and directives almost every week affecting their member countries, it also regulates transactions between entities of their member countries with entities in non-EU countries. A good example for that is the Regulation (EU) 2016\/679 (General Data Protection Regulation<\/strong>). Mauritius has changed their laws accordingly in order to fully comply with the GDPR.<\/p>\n

    On the positive side, Mauritius is a signatory to the European Union Economic Partnership Agreement<\/strong> (EU-EPAs). Amongst other items of the agreement, there is elimination of duties\/quotas for Mauritius imports into the EU, flexible rules of origin, dispute settlement mechanism and development cooperation provisions.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”3.25″ custom_padding=”30px|0px|17px|0px|false|false”][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/oecd_logo.jpg” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]<\/p>\n

    The Common Reporting Standard<\/strong> (CRS)<\/strong> is an information standard for the automatic exchange of information regarding bank accounts on a global level, between tax authorities, which the Organization for Economic Co-operation and Development (OECD) developed in 2014. Mauritius has started to report in 2018.<\/p>\n

    However, the OECD allows the participating countries to determine what accounts are reportable. To figure out which accounts of our clients in Mauritius are reportable is part of our consulting services.<\/p>\n

    The Global Forum on Transparency and Exchange of Information for Tax Purposes<\/strong> has rated Mauritius as an OECD Compliant jurisdiction on 21 August 2017.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”3.25″ custom_padding=”30px|0px|0|0px|false|false”][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/us-flag.jpg” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]<\/p>\n

    Under the United States Africa Growth & Opportunities Act<\/strong> (AGOA)<\/strong> Mauritius, being part of Africa, has duty free access to the US markets for over 7,000 products including apparel, footwear, wine, motor vehicles components and agricultural products.<\/p>\n

    The Foreign Account Tax Compliance Act (FATCA)<\/strong> is a 2010 United States federal law requiring all non-U.S. (‘foreign’) financial institutions (FFIs) to search their records for customers with indicia of ‘U.S.-person’ status and to report the assets and identities of such persons to the U.S. Department of the Treasury.
    We are working together with management companies and banks that are accepting U.S. persons as founders, shareholders, trustees, beneficiaries, and owners of corporate and private bank accounts.<\/em><\/p>\n

     <\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”3.25″ custom_padding=”19px|0px|17px|0px|false|false”][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/12\/miga_logo.jpg” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″]<\/p>\n

    Mauritius is a member of the Multilateral Investment Guarantee Agency (MIGA)<\/strong>, a World Bank agency. MIGA provides non-commercial guarantees (insurance) for cross border investments in developing countries. The guarantees protect investors against the risks of expropriation, war and civil disturbance, capital transfer restrictions, breach of contract and non-honouring of sovereign financial obligations. Companies incorporated in Mauritius are eligible for MIGA guarantees.<\/p>\n

     <\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”FAQ” _builder_version=”3.22″ custom_padding=”27px|0px|33px|0px|false|false”][et_pb_row use_custom_gutter=”on” gutter_width=”4″ _builder_version=”3.25″ custom_padding=”27px|0px|0|0px|false|false” animation_style=”fade” locked=”off”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text module_id=”IPPA” _builder_version=”3.27.4″ text_font=”||||||||” header_font=”||||||||” header_2_font=”Times New Roman|600|||||||” header_2_font_size=”30px” header_2_letter_spacing=”1px” header_2_line_height=”1.3em” header_3_font=”Verdana|700||on|||||” header_3_text_color=”#edbb5f” header_3_font_size=”14px” header_3_letter_spacing=”1px” header_3_line_height=”2em” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”||||||||” text_orientation=”center” max_width=”1080px” module_alignment=”center”]<\/p>\n

    Investment Promotion and Protection Agreements (IPPAs)<\/h2>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”2_3,1_3″ _builder_version=”3.25″ custom_padding=”39px|0px|17px|0px|false|false”][et_pb_column type=”2_3″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” ul_font=”||||||||” ul_line_height=”1.5em”]Mauritius has signed IPPAs with 24 African member states, thereof 10 being in force.<\/p>\n

    IPPA typically offers the following guarantees to investors from the contracting states:<\/p>\n

      \n
    • Free repatriation of investment capital and returns;<\/li>\n
    • Guarantee against expropriation;<\/li>\n
    • Most favored nation rule with respect to the treatment of investment, compensation for losses in case of war or armed conflict or riot etc;<\/li>\n
    • Arrangement for settlement of disputes between investors and the contracting states.<\/li>\n<\/ul>\n

      [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/ippa_map.jpg” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

      The laws of Mauritius are the result of a hybrid system combining more particularly British common law and the French Napoleonic Code, with\u00a0the modern legislation in the fields of company, banking, finance and taxation having a very strong English flavor.Laws and Legal Framework in MauritiusThe various Acts, under which companies and investment vehicles are registered, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"yoast_head":"\nLaws and legal framework of Mauritius - Pro Mauritius<\/title>\n<meta name=\"description\" content=\"Key information on the laws of Mauritius, regional integration in Africa, multi-lateral agreements, and IPPAs with other countries\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pro-mauritius.com\/home\/law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laws and legal framework of Mauritius - Pro Mauritius\" \/>\n<meta property=\"og:description\" content=\"Key information on the laws of Mauritius, regional integration in Africa, multi-lateral agreements, and IPPAs with other countries\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pro-mauritius.com\/home\/law\/\" \/>\n<meta property=\"og:site_name\" content=\"Pro Mauritius\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-13T13:54:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/pdf_icon_small.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"22 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pro-mauritius.com\/home\/#website\",\"url\":\"https:\/\/pro-mauritius.com\/home\/\",\"name\":\"Pro Mauritius\",\"description\":\"One-stop Consulting for companies, entrepreneurs and expats relocating to Mauritius\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pro-mauritius.com\/home\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/pro-mauritius.com\/home\/law\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/pdf_icon_small.jpg\",\"contentUrl\":\"https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/pdf_icon_small.jpg\",\"width\":19,\"height\":25},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pro-mauritius.com\/home\/law\/#webpage\",\"url\":\"https:\/\/pro-mauritius.com\/home\/law\/\",\"name\":\"Laws and legal framework of Mauritius - Pro Mauritius\",\"isPartOf\":{\"@id\":\"https:\/\/pro-mauritius.com\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pro-mauritius.com\/home\/law\/#primaryimage\"},\"datePublished\":\"2018-11-23T09:17:01+00:00\",\"dateModified\":\"2021-08-13T13:54:11+00:00\",\"description\":\"Key information on the laws of Mauritius, regional integration in Africa, multi-lateral agreements, and IPPAs with other countries\",\"breadcrumb\":{\"@id\":\"https:\/\/pro-mauritius.com\/home\/law\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pro-mauritius.com\/home\/law\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pro-mauritius.com\/home\/law\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pro-mauritius.com\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Law\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Laws and legal framework of Mauritius - Pro Mauritius","description":"Key information on the laws of Mauritius, regional integration in Africa, multi-lateral agreements, and IPPAs with other countries","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pro-mauritius.com\/home\/law\/","og_locale":"en_US","og_type":"article","og_title":"Laws and legal framework of Mauritius - Pro Mauritius","og_description":"Key information on the laws of Mauritius, regional integration in Africa, multi-lateral agreements, and IPPAs with other countries","og_url":"https:\/\/pro-mauritius.com\/home\/law\/","og_site_name":"Pro Mauritius","article_modified_time":"2021-08-13T13:54:11+00:00","og_image":[{"url":"https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/pdf_icon_small.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"22 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/pro-mauritius.com\/home\/#website","url":"https:\/\/pro-mauritius.com\/home\/","name":"Pro Mauritius","description":"One-stop Consulting for companies, entrepreneurs and expats relocating to Mauritius","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pro-mauritius.com\/home\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/pro-mauritius.com\/home\/law\/#primaryimage","inLanguage":"en-US","url":"https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/pdf_icon_small.jpg","contentUrl":"https:\/\/pro-mauritius.com\/wp-content\/uploads\/2018\/11\/pdf_icon_small.jpg","width":19,"height":25},{"@type":"WebPage","@id":"https:\/\/pro-mauritius.com\/home\/law\/#webpage","url":"https:\/\/pro-mauritius.com\/home\/law\/","name":"Laws and legal framework of Mauritius - Pro Mauritius","isPartOf":{"@id":"https:\/\/pro-mauritius.com\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pro-mauritius.com\/home\/law\/#primaryimage"},"datePublished":"2018-11-23T09:17:01+00:00","dateModified":"2021-08-13T13:54:11+00:00","description":"Key information on the laws of Mauritius, regional integration in Africa, multi-lateral agreements, and IPPAs with other countries","breadcrumb":{"@id":"https:\/\/pro-mauritius.com\/home\/law\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pro-mauritius.com\/home\/law\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/pro-mauritius.com\/home\/law\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pro-mauritius.com\/home\/"},{"@type":"ListItem","position":2,"name":"Law"}]}]}},"_links":{"self":[{"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/pages\/174"}],"collection":[{"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/comments?post=174"}],"version-history":[{"count":24,"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/pages\/174\/revisions"}],"predecessor-version":[{"id":3094,"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/pages\/174\/revisions\/3094"}],"wp:attachment":[{"href":"https:\/\/pro-mauritius.com\/home\/wp-json\/wp\/v2\/media?parent=174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}