Purpose-built luxury retirement-based communities can be developed under the Property Development Scheme (PDS). The new regulations came into force on 4 May 2019. Promoters will be allowed to construct purpose-built buildings or bring an existing building under the scheme targeting senior citizens (both Mauritians and non-citizens).
Mauritius continues to be a compliant, secure and safe business and investment destination, as highlighted by the ESAAMLG’s (Eastern and Southern Africa Anti-Money Laundering Group) latest mutual evaluation report. In the document, Mauritius is shown as being largely compliant with respect to the 40 recommendations of the Financial Action Task Force.
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.