PROFESSIONAL SERVICES OPPORTUNITY
Corporate structuring has become an essential part of global business. At the end of the day, the ownership of assets and liabilities rests with the SPVs. As Africa’s potential for cross-border investment structures, cross-border corporate banking, private wealth, financial technologies and fintech platforms increases, the need for professional services increases likewise. This creates a good business opportunity for professional advisers e.g. lawyers, accountants, financial, business and tax consultants. The Mauritius IFC has recognised this opportunity and has created the GLOBAL LEGAL ADVISORY license to attract law firms. Similarly, the FSC has maintained the relevance and importance of management companies for global business.
NON-FINANCIAL BUSINESS OPPORTUNITY
The FSC has set the framework for a zero-tax non-tax resident legal entity that can be useful for non-financial business activities e.g. trading and invoicing. The AUTHORISED COMPANY license is generally sought by regional / global trading and invoicing companies.