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If you wish to view this edition of our ITL e-News in PDF, please click on the link below.
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Mauritius v/s COVID-19: BBC interviews the Prime Minister
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“While Corona virus lockdown measures around the world vary, one of the most stringent is in Mauritius” reports the BBC in a televised coverage aired on 18 April 2020 that highlights and salutes the main measures put in place by the government of Mauritius since 20 March 2020. |
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| COVID-19 – Important Communiques from the Local Authorities |
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Financial Services Commission: Filing and reporting obligations
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As previously communicated, the Financial Services Commission (FSC) has committed to show flexibility towards licensees facing
challenges in meeting with filing and reporting falling due during the confinement period. |
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Mauritius Revenue Authority: Extension of the Wage Assistance Scheme
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It will be recalled that the Government introduced the Wage Assistance Scheme (the “Scheme”) in March 2020 in a bid to ensure that all employees (both Mauritians and expats) in the private sector are duly paid their salary for the month of March 2020.
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Bank of Mauritius bites the “COVID-19 bullet”: Key Repo Rate cut by 100bps
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The Monetary Policy Committee (MPC) of the Bank of Mauritius unanimously decided at its meeting held on 16 April 2020 to
further adjust down the Key Repo Rate (KRR) by 100 basis points, bringing it to 1.85% per annum.
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Index of Economic Freedom: Mauritius flagged as regional leader for Sub-Saharan
Africa
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The Heritage Foundation has released the 2020 Index of Economic Freedom (the “Index”). In this 26th edition of the Index, Mauritius progressed up on its 2019 ranking and is now positioned 21st out of 180 countries worldwide (2019 ranking: 25th out of
180), and takes the lead in the Sub-Saharan Africa region.
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Our Management Team is devoting a lot of its time and resources to minimize the impact of the pandemic crisis on our service level whilst ensuring the well-being of our employees. Our Pandemic Preparedness and Response plan has been activated since the
beginning of the lockdown and the following operational changes have since then been implemented:
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ITL Data Protection compliance programme - Reminder
As you are aware, we hold your contact details on our database and have been sending you regular newsletters and updates about the latest developments in the Mauritius financial landscape and other areas of interest.
Following recent changes in the EU General Data Protection Regulation (GDPR) and the Mauritius Data Protection Act 2017, we now require your consent to hold your personal data. Please click here to confirm that you still want to hear from us and get the latest news about the Mauritius International Financial Centre.
Should you wish to opt out of our future e-mail communications, please click here to stop receiving correspondence from ITL. Alternatively, you may use the unsubscribe button at the bottom of all our communications or send us an e-mail at unews@intercontinentaltrust.com
Data security and protection is of prime importance to us and we invite you to read our privacy policy which provides information about how we manage and process your personal information.
We are only a phone call or an e-mail away. If you have any comments, questions or concerns about any of the information in our policy, or any issues relating to the processing of personal data by ITL, please contact your regular contact person at ITL or write to us on dpo@intercontinentaltrust.com
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DISCLAIMER 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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