Further to the report of the Regulatory Committee on FinTech and Innovation-Driven Financial Services, the Financial Services Commission (the “FSC”) has made significant progress in establishing the Mauritius International Financial Centre (the “Mauritius IFC”) as the FinTech hub, in and for, Africa.
EDB issues five Regulatory Sandbox Licences to FinTech companies for their innovative projects
The World Bank ranked Mauritius 20th out of 190 countries in its flagship Doing Business Report 2019, published on 31st October 2018 and the country maintained its leading position in Africa (48 countries ranked). The country’s Distance to Frontier (DTF) score improved from 77.54 last year to 79.58, implying that the country has improved its business regulatory environment and is closing the gap with respect to the best economies.
OECD latest report on Peer Review Results on Preferential Regimes – Mauritius Tax Regimes NOT HARMFUL
On 15th of November 2018, the Organisation for Economic Co-operation and Development (OECD) has released its report on Peer Review Results in its assessment of harmful tax practices of Preferential Regimes in 53 jurisdictions.
The Mauritius International Financial Centre (IFC), as an investment centre of choice, has been instrumental in driving quality investment in Africa, leading to sustained growth and prosperity across the Continent.