Mauritius is one of the most open economies in the Africa region and has become a key platform for investment and doing business in Africa, Asia and the Middle East. Strategically situated in the Indian Ocean, 2,400 km off the southeast coast of Africa, Mauritius is a former colony of both France and Britain. It gained independence in 1968 and, following the adoption of a new constitution, became a republic in 1992.
The Republic of Mauritius has an appointed president as the head of state and a parliament, which is elected every five years by popular vote, as the legislative body. The Economist magazine rated Mauritius as the only “full” democracy in Africa. Its legal system derives from both French civil law and English common law. Unlike many other former colonies, Mauritius has retained the Privy Council as its ultimate Court of Appeal. This guarantees an appeal process that is independent of any political or other form of bias.
Licensed by Mauritius Financial Services Commission
The reputation of Mauritius as an International Financial Centre rests on the quality of its services and its pool of highly qualified professionals. Mauritius is an OECD Regional Centre of Excellence (RCE) to strengthen and support effective regulation, sound corporate governance and good conduct in the Southern and Eastern African regions.
Sovereign offers company formation and management in Mauritius across all business areas and corporate structures, together with the administrative support to maximise opportunities and achieve long-term sustainability. These range from full back-office solutions to assistance with compliance in respect of regulatory, tax and economic substance rules.
We also assist with the licensing of financial services and financial business activities in Mauritius, which attract generous tax incentives. The scope is wide-ranging, covering Investment, Global Business and Non-Bank Financial Institutions.
Mauritius, with its well-regulated and structured International financial sector coupled with its strategic geographic positioning, offers attractive features for wealth management, especially targeting the African market.
Sovereign’s Private Client services assist families and entrepreneurs around the world to structure their assets in a way that will help to grow their wealth now and preserve it for future generations. We can advise on all aspects of the design and implementation of structures for wealth management, including Trusts, Foundations and Private Trust Companies, which can be tailored to meet a client’s diverse personal and business needs.
Mauritius also offers a diversified range of banking products, including Investment Funds, and a Family Office offering that caters for the domiciliation of high-net-worth single and multi-family offices to hold and manage international assets and funds.