A fairly new comer to the world of offshore banking & incorporations, Mauritius is quickly becoming recognized as a small but sound jurisdiction. The Mauritius Offshore Business Activities Authority (MOBAA) regulates such matters as investments, trust services, trading and pooled or mutual fund programs. Banking is regulated by a separate entity, namely the Bank of Mauritius, which acts as both regulatory body and the central bank. The confidentiality act of 1992 covers such matters as privacy of client affairs and business transactions inside the country. In addition, this tiny country does have its own stock exchange, and both open end or closed end mutual funds (investment pools) must be registered with the (and are regulated by) Stock Exchange of Mauritius, located in Port Louis. .
Both trust and company formation services are locally available, although some recent changes in the tax regulations no longer permit a 100% tax-free status with regards to offshore companies. Any offshore company previously formed prior to July 1, 1998 still enjoys such an exemption, but companies formed after this date are liable for a 15% tax liability. While such a tax liability is certainly more favorable that European or other taxation rates, it does mark a change from the previous full tax exemption. .
There are NO Estate or Inheritance tax...