 "Investors, investments, Foreign investments, tax-exempt")
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 competitive among international and regional financial centres, said experts.
While it’s early days yet, the new regime
