New Visa Schemes in the United Arab Emirates New Visa Schemes in the United Arab Emirates In April 2022, the United Arab Emirates (UAE) Cabinet has approved a number of new visas to attract and retain global talents and skilled workers. The UAE has announced the significant expansion of the Golden Visa Scheme, the introduction …
Event: Residency and Tax in Mauritius Event: JurisTax in collaboration with Baker Tilly and the Economic Development Board – Residency and Tax in Mauritius On 29 July 2022, JurisTax in collaboration with Baker Tilly and the Economic Development Board (EDB) of Mauritius held a presentation entitled ‘Residency and Tax in Mauritius’ in Tamarin. The focus …
Ways of withdrawing funds from your company’s account Ways of withdrawing funds from your company’s account Many businessmen choose to become owners of their own private company since it is legally appealing when compared to working as a sole trader. Being the shareholder and director of your own company enables you to maximise your after-tax …
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Development of a Hi-Tech Pharmaceutical Industry in Mauritius Expression of Interest for Partnerships for the Development of a Hi-Tech Pharmaceutical Industry in Mauritius The setting up of the Mauritius Institute of Biotechnology Ltd (“MIBL”) with a seed capital of around USD 25 million was announced by the Government of Mauritius in the 2021-2022 budget speech. …
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Extension of Export Incentives and Schemes up to June 2023 Extension of Export Incentives and Schemes up to June 2023 The Economic Development Board (EDB) of Mauritius has announced that the following Export Incentives and Schemes which were introduced by the Government of Mauritius, have been extended to June 2023: 1. Freight Rebate Scheme (FRS) …
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Portable Retirement Gratuity Fund (PRGF) Portable Retirement Gratuity Fund (PRGF) Following the enactment of the Workers’ Rights (Portable Retirement Gratuity Fund) (Amendment) Regulations 2020, employers are required to submit, as from the month of January 2022, a monthly PRGF return and effect payment in respect of PRGF contributions to the Mauritius Revenue Authority (MRA). However, …
Variable Capital Companies (VCC) Variable Capital Companies (VCC) – Enhancing the environment of funds in Mauritius The concept of Variable Capital Companies (VCC) was introduced in Mauritius in order to enhance the competitiveness of the financial services sector. The Variable Capital Companies Act (Act) came into force by proclamation on the 16th May 2022. What are VCCs? VCC, …
Relocation to Mauritius Mauritius has been slowly and steadily positioning itself as the country of first choice to non-citizens desiring to relocate to other countries for better opportunities and standards of living. The island of Mauritius is currently one of the top preferred destinations, together with immigration to Australia, New Zealand and the UK as …
Promoting trade & investment between Mauritius and Egypt The Economic Development Board (EDB) and the Egyptian African Businessmen’s Associations (EABA) signed a Memorandum of Understanding (MOU) to promote Trade and Investment on the 14th of June 2022. The objective of this MOU is to promote trade and investment as well as facilitate export of services …
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Women, Business & the Law Index 2022 Mauritius has ranked first in Africa (out of 53 African nations) with a score of 89.4 out of 100 in the latest 2022 edition of World Bank Women, Business & Law (WBL) Index. The index analyzes laws and regulations affecting women’s economic opportunity across 190 economies using a …