Mauritius rejigs special purpose fund regime to gain 'financial' edge

Will enable global investors to set up tax-exempt entities

Topics
Mauritius | global investors | Foreign investments

Ashley Coutinho  |  Mumbai 

Mauritius has revised its special purpose fund (SPF) regime, with a view to enabling international fund managers and investors to establish tax-exempt entities that have economic substance in the island nation.

Mauritius suffered a setback last year after the Paris-based Financial Action Task Force (FATF), an inter-governmental policymaking body that sets anti-money laundering standards, included it in the list of jurisdictions that required increased monitoring, often referred to as the “grey list”. The new regime is, in a way, an attempt to make the country more ...

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First Published: Sat, May 15 2021. 06:10 IST
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