Global Business - Bhumishq

Global Business

GLOBAL

BUSINESS

Discover how Bhumishq champions the
global business change in the Mauritius IFC.

DOWNLOAD BHUMISHQ MAURITIUS IFC BROCHURE

Bhumishq

 

MAURITIUS IFC 1.0 TO 2.0

Traditionally, the Mauritius IFC has been extensively used for cross-border investment structures into India and Africa and fund administration activities leveraging the benefits of the double taxation treaties.

The Mauritius IFC contributes about US$ 1 billion constituting about 8% of the Mauritian GDP, US$ 180 million amounting to about 8% of tax revenues and approximately 11,000 direct jobs. Firstly, the core area of specialisation is the facilitation of cross-border investments and related fund administration activities, which comprise 60% of the IFC’s economic value add, an estimated 88% of IFC tax revenues and ~70% of the IFC employment. Then, cross-border corporate banking, which includes deposits from investment vehicles and revenue accrued from re-investment of these deposits, accounts for 32% of the IFC’s economic value add.

Furthermore, private banking for foreign customers accounts for less than 5%, but local and regional banks report high growth in this segment. Therefore, the Mauritius IFC will consolidate and expand its existing revenue generating sectors and seek additional opportunities in international capital markets, captive insurance in Africa, cross-border asset management, and financial technologies and fintech platforms for Africa, Latin America and other IFCs.

A NEW GLOBAL
BUSINESS INDUSTRY
NARRATIVE

The Mauritius IFC’s value propositions lie
in the FSC’s regulatizon of the creation
of SPVs and issue of licenses.

REGULATORY LICENSES

LEGAL ENTITIES FOR SPVs

  • Private Limited Companies
  • Public Limited Companies
  • Trusts
  • Foundations
  • Protected Cell Companies
  • Limited Liability Partnerships

THE MAURITIUS IFC VALUE
PROPOSITIONS AND SUSTAINABLE
COMPETITIVE ADVANTAGE

Value propositions from the business side include but are not limited to below:

  • Multi-currency cash custody by Mauritian banks, no exchange control and free repatriation of capital and profits.
  • Legally sound SPVs for mitigating and ring fencing risks, especially adverse regulatory sanctions and preserving and enhancing valuation.
  • OECD BEPS and FATF compliant tax efficient structures with effective taxation rates between 0% and 3%.
  • Double taxation treaty benefits, if and where applicable, i.e. other than avoidance of double taxation, benefits include reduced rates of withholding taxes on dividends, capital gains, interests, royalties and technical services.
  • Tax holidays where applicable.
  • Costs competitiveness relative to other IFCs.
  • Promotion of a maturing ecosystem of banking, financial services, insurance, professional services and ICT players.
  • Consolidation of regulatory credibility while still providing OECD BEPS and FATF compliant compelling legal, tax and fiscal incentives.
  • Improvement of the work, live and play environment.

DOUBLE TAXATION TREATIES BENEFITS:

The schedule below provides an overview of double taxation treaty benefits that companies resident in Mauritius benefit while doing business in other African, Latin American and ASEAN countries. The fiscal advantages include reduced withholding taxation rates on dividends, capital gains, interests, royalties and technical services. To be eligible, the Mauritius entity must have economic substance, control and its place of effective management in Mauritius. The creation of permanent establishment limits the benefits. The Schedule 4 below provides a summary of the benefits.

THE BHUMISHQ EDGE : GLOBAL BUSINESS SERVICES

STRUCTURING AND
LICENSING OF SPV

REGULATORY, STATUTORY
AND CORPORATE
COMPLIANCE

DIGITAL DATA CENTRE AND
CLOUD HOSTING OF
FINANCIAL TECHNOLOGIES
AND FINTECH APPLICATIONS

TECHNOLOGY AND BUSINESS
OPERATIONS OUTSOURCING

 

OUR TRACK RECORD

10+ years’ experience and expertise to 200+ delighted customers in below services:

  • Management Company services with specialisation in financial technologies.
  • Digital Data Centre services out of its proprietary Tier IV design data centre in Ebene Cyber City.
  • Cloud Led (public, private, hybrid) Digital Systems, Digital Technologies and Cyber Security Services.
  • Technology (in particular Microsoft, VMware) and Business Operations Services.
  • 24/7/365 fanatic support by the Bhumishq Brigade in English and French.
  • Regulatory, Statutory and Corporate Compliance Support.