Subject: ITL Newsletter - Mauritius Budget Brief 2018-2019

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Mauritius Budget Brief 2018-2019
The Honourable Mr. Pravind Kumar Jugnauth, Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, Minister of Finance and Economic Development of the Republic of Mauritius presented his budget speech for the fiscal year 2018/2019 on the 14th of June 2018.

The Honourable Prime Minister announced substantial measures to revamp the existing Global Business Sector.  Enhanced substance, harmonisation of regimes for the global business and domestic sectors, and greater oversight of management companies are amongst the key ingredients chosen by the Honourable Prime Minister in his drive to enhance the competitiveness of Mauritius as a financial centre and the adherence to global standards.

Amongst the measures contemplated, the Prime Minister’s bold annoucement to stop issuing Category 2 Global Business Licences as from January 2019, with a grandfathering provision for certain existing Category 2 Global Business Licensed companies, was expected by the stakeholders in the industry.


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The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.
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