News

Mauritius has introduced the Premium Visa allowing a non-citizen who intends to stay in Mauritius for a maximum period exceeding six months to one year as a tourist, retiree or a professional willing to come with his/her family and carry out his business or work remotely from Mauritius. Such Premium Visa is renewable.  The Premium…

The focus on Environmental, Social and Governance (ESG) considerations has traditionally been around the “Environmental” element and in particular concerns around climate change, rising sea temperatures and increased greenhouse gas emissions.  Social and Governance issues have arguably been jettisoned to the shadows, an E(SG) afterthought. There are many reasons for this but the fact that companies…

The Data Protection Act 2004 was repealed on 8 December 2017 by the National Assembly of Mauritius and replaced with the “new” Data Protection Act 2017 (the “Act”) on 22 December 2017. The Act came into force on 15 January 2017. The objective of the Act is to strengthen the control and personal autonomy of…

In general, we plan for our loved ones or charities close to our hearts to eventually inherit our houses or apartments, jewellery, or other family heirlooms. However, with life increasingly being lived online, we may be overlooking an increasingly important kind of property: digital assets. There are multiple definitions of what the term “digital asset”…

We wish to highlight a few important points from the much-anticipated Mauritius 2022/2023 Budget delivered by the Hon. Minster of Finance, Economic Planning and Development on 7 June 2022. Individuals. One or more non-citizen individuals will be allowed to invest in and own a fraction of a Mauritian property, entitling the investor to apply for…

The importance of Guanxi 关系, cultural appreciation and history  –  International wealth planning for Chinese nationals “Cultural difference involves the integrated and maintained system of socially acquired values, beliefs, and rules of conduct which impact the range of accepted behaviours distinguishable from one societal group to another” (N.J Adler, 1997). Establishing relationships with Chinese resident clients is, in…

The Virtual Asset and Initial Token Offerings Services Bill was passed by the National Assembly of Mauritius on 10 December 2021 which is now known as The Virtual Asset and Initial Token Offerings Services Act 2021 (the “Act”). The Act which is yet to be proclaimed before coming into force, will regulate the new and developing…

What is Transfer Pricing? Transfer pricing, also known as transfer cost, is the price at which related parties transact with each other, such as during the trade of supplies or labour between departments. In other words, transfer pricing is the price that is paid for goods or services transferred from one unit of an organization…

Swiss Trusts: A New Dawn (along with a timely reminder about licensing) It is perhaps odd to start an article about Swiss trusts noting that, as things currently stand, there is no formal Swiss trust Law in Switzerland. Stranger still to note that a significant amount of trust administration is undertaken here. There is a…

What is a Trust? A trust is a legally binding arrangement whereby a person (known as a settlor) transfers assets to another person (known as a trustee) who is entrusted with legal title to the trust assets, not for their own benefit, but for the benefit of other persons (known as beneficiaries – who may…