Sunibel Corporate Services

Tag: tax

Mauritius Budget Brief 2021-2022

The Minister of Finance, Economic Planning and Development of the Republic of Mauritius, the Honourable Dr Renganaden Padayachy, presented his Budget Speech 2021-2022 on 11th June 2021. It is his second Budget Speech in a challenging environment marked by the prevalence of COVID-19 around the world. Themed “Better Together”, the Budget rests on: Boosting investments; […]

Residency in Mauritius – what are the permits available?

Strategically located at the crossroads of Asia, Africa and Europe, Mauritius is an internationally recognised investment destination. The opening up of the economy in the 1990s has favourably influenced growth, with increased transfer of technology, knowledge, capabilities and capital. To continue its development, Mauritius actively encourages foreign talents to establish their residency in Mauritius. Here […]

Relocate to Mauritius: the ideal place to live and do business

Mauritius possesses a number of attractive features. From the art of living to the economic dynamism, you will feel at home in the heart of this small island of the Indian Ocean. A renowned tourist destination, Mauritius has also built a strong reputation as an International Financial Centre, favourable to foreign companies looking to do […]

Mauritius publishes Finance Act 2020 following the 2020-2021 Budget

To provide for the implementation of the measures announced in the Budget 2020-2021, Mauritius published the Finance (Miscellaneous Provisions) Act 2020, which was enacted on 7th August 2020. Please find below a highlight of the new measures relevant to our industry.   Being compliant with international ideals On 9th July 2020, the Government of Mauritius […]

Global Business Company in Mauritius – What you need to know

Mauritius is one of the preferred jurisdictions for setting up an offshore company. The country is considered as an ideal platform for trading, investment and asset protection activities, with the added advantages of international tax planning. In this article, we guide you through the features of the Global Business Company in Mauritius.   What is […]

Offshore company formation

For the formation of your offshore company, you need to choose an offshore jurisdiction that is internationally compliant and cost-effective. Mauritius for instance, is one of the most business-friendly and investment-friendly jurisdiction in Africa to set up an offshore company. Corporates, investors, entrepreneurs and High Net-Worth-Individuals around the globe are attracted to the Mauritian jurisdiction. […]

MRA launches the Individual Income Tax for the Income Year ending 30 June 2019

Sunibel Corporate Services wishes to inform you that the Mauritius Revenue Authority (MRA) has launched the income tax return season for the Income Year ending 30 June 2019. Individual taxpayers have to file their income tax return and effect payment, if any, by Monday 30 September 2019. If the filing of income tax return is […]

Mauritius Budget brief 2019-2020: The transformative journey continues towards “embracing a brighter future”

The Honourable Pravind Kumar Jugnauth, Prime Minister and Minister of Finance and Economic Development of the Republic of Mauritius, on 10th June 2019 presented the National Budget, the last of the current Government’s mandate before the forthcoming general elections. Themed “Embracing a brighter future together as a nation”, the Budget pursues the approach of improving […]

Mauritius removed from the European Commission’s high-risk third countries list

On Wednesday 13 February 2019, the European Commission reviewed its list of countries with permissive control in the fight against money laundering and terrorist financing. With necessary steps taken to ensure its financial sector meets international standards, the Commission took out Mauritius from its high-risk third countries list. Money laundering and the financing of terrorism […]

Mauritius tax regimes are not harmful – OECD’s 2018 Report on Peer Review Results on Preferential Regimes

Last year, 53 jurisdiction, including Mauritius, underwent a peer review assessment from the Organisation for Economic Co-operation and Development’s (OECD) Forum on Harmful Tax Practices (FHTP). Subsequent to this peer review and the changes brought recently by the Mauritian government, OECD’s report has found that Mauritius does not have any harmful tax regimes.   Why […]