Tag: Mauritius

  • The Rise of African Offshore Tax Havens: A Closer Look at the Trend

    The Rise of African Offshore Tax Havens: A Closer Look at the Trend

    The term “tax haven” typically conjures up images of tropical islands in the Caribbean or secretive jurisdictions in Europe. However, in recent years, a new breed of tax havens has emerged in a perhaps unexpected locale: Africa. The rise of African Offshore Tax Havens has been precipitated by economic liberalization, attractive regulatory environments, and a…

  • Mauritius – the gate for Chinese Investment into Africa

    [box size=”large”]The data published by the Mauritius central bank and central statistics bureau in April shows that in 2016 China is the second largest foreign investor in (US$70 million, following US$128 million from France) and the largest exporter to (17.7%) Mauritius.[/box] [box type=”info”]In the same period, China’s investment into the African continent reaches US$3.3 billion…

  • Not Singapore or Mauritius: Paris is the new tax haven for FPIs

    Global financial giant Citi has drawn financial ministry officials’ attention that foreign funds and global banks are taking advantage of India’s treaty with France by using Paris as a base for investments in India to escape tax, reports the Economic Times. Foreign funds and global banks may be taking advantage of India’s treaty with France…

  • Mauritius to become Southern Hemisphere’s number 1 financial centre within a decade

    [box]Mauritius is destined to become the Southern Hemisphere’s leading international financial centre within the next decade, affirms the CEO of one of the world’s largest independent financial services organisations.[/box] The comments from Nigel Green, founder and chief executive of deVere Group, follow the announcement that his company has received an investment banking licence from the…

  • Offshore private equity deals set to reach five-year high

    Private equity deals accounted for more than a quarter of the total value of offshore mergers and acquisitions in the third quarter of 2015 and are set to reach the highest total dollar value in five years, according to a report by Appleby. [box]The Offshore-I report, which looks at private equity transactions in offshore markets…

  • Standard Bank helps clients bank smarter offshore

    Standard Bank Group has enhanced its banking app to allow Offshore Group customers access to their offshore accounts while they are on the move. The app allows account holders to view balances and transaction history on a smartphone, and also make cross-currency payments between their Standard Bank accounts. New features released in the future will…