Mauritius: Index

A Guide to Global Business Pg 3

Mauritius as a platform for global
investment

Pg 4
Global Business sector

Pg 5
Global Business companies

Pg 8
Mauritius: An International
Financial Centre

Pg 10
Tax framework

Pg 12
Enabling Bodies

Pg 14
Incorporation of a GBC1

Pg 17
Occupation and Residence
Permits

MAURITIUS Pg19
Double Taxation Avoidance
Treaties Map

2nd edition: February 2009

While due care has been taken in the
preparation of this brochure, HSBC Bank
(Mauritius) Ltd and Kemp Chatteris Deloitte
do not accept responsibility for any loss
suffered by any person or entity relying
on the information contained in this
brochure or arising from any shortcoming,
defect or inaccuracy through inadvertence
or otherwise. The contents are based
on legislation prevailing at the time of
publication and are subject to change.
Readers are strongly recommended to
consult their tax and legal advisers before
taking any action based on this information.

The contents of this brochure are made

available for information purposes only
and on the understanding that HSBC Bank
(Mauritius) Ltd and Kemp Chatteris Deloitte
are not providing professional advice.

A copy is available on www.hsbc.co.mu

This guide is a publication of HSBC Bank

(Mauritius) Ltd and Kemp Chatteris Deloitte.
All rights reserved. Reproduction in whole
or in part without the permission of HSBC
and Deloitte is strictly prohibited.
Mauritius:
A Guide to Global Business
Foreword
I welcome this revised edition of the HSBC/Deloitte Guide and the renewed commitment to promoting the Mauritian
International Financial Centre (IFC). This edition will provide investors and their advisers updated information on the
range of vehicles, products and services available in Mauritius.

Mauritius set up in the 1970’s one of the world’s first Export Processing Zones (EPZs). In the 90’s the country
decided to set up an International Financial Centre which would be to the services sector what the EPZ’s were for
the manufacturing sector.

Mauritius has since attracted a number of international businesses investing across the globe. Investment vehicles
ranging from investment holdings to major collective schemes have been set up and administered in the country.

The new Financial Services Act adopted in July 2007 ushers in a new simplified regulatory regime which
distinguishes between Mauritian companies conducting business in Mauritius and those conducting business
outside Mauritius. Companies whose ultimate purpose is to provide a service or to make an investment abroad
may opt for the global business licence.

Category 1 Global Business Companies are managed and controlled in Mauritius and are required to have
“substance” here. They are also encouraged to have research and other support services in Mauritius.

The Mauritian IFC has enabled our service providers, which consist of a pool of highly qualified professionals, to
acquire relevant expertise to service international business structured through competitive and quality jurisdictions.
The attractiveness of Mauritius today goes beyond tax planning considerations and rests on the quality of services,
the legal and regulatory frameworks and the good repute of our IFC.

The Financial Services Commission, as an integrated regulator for non-banking financial services and global
business, has adopted a business-friendly approach to regulation. The Commission’s statutory functions include
promoting the development of the financial services sector, and we make sure that our regulatory policies and
practices do promote such development.

The Commission enforces norms prescribed by international standard-setters and ensures that business is
conducted in accordance with international best practices. In the global business sector, the Commission relies
on Management Companies, which it licenses, to ensure that Mauritian companies conducting business outside
Mauritius adhere to international norms.

As IFCs continue to play a major role in promoting cross-border financial services and structuring worldwide
investments, Mauritius will, as a jurisdiction of sound repute with a business-friendly regulatory framework,
continue to be a platform for doing business with the rest of the world.

J.N. Meetarbhan
Chief Executive
Financial Services Commission
Mauritius as a platform for
Global Investment
Mauritius is a strategic Global Business centre situated in the Indian Ocean region. It is one of the
most open and financially sound economies in sub-Saharan Africa. Mauritius is located between
Asia and Africa, and the success of its economy is largely a result of its political and socio-economic
stability, coupled with good governance and a wide range of incentives to boost investment.

Mauritius is recognised as being an excellent place for doing business. The country’s
adoption of international best business practices and sustainable development policies has been
acknowledged by international agencies such as the Organisation for Economic Cooperation and
Development (OECD), the Financial Action Task Force (FATF) and the World Bank (WB).

The country has embarked upon a new reform program underpinned by an open economic
philosophy. The objective is to boost its appeal to international investors and make Mauritius the
financial hub of the African region and an ideal springboard for investment and doing business in
Africa, Middle East and Asia.

There are many other reasons to invest through Mauritius:

• Ranked 1st in the 2008 Ibrahim Index of African Governance

• Ranked 1st Small Island Developing State on the Ease of Doing Business 2009 index by the
World Bank (1st in Sub-Saharan Africa and 24th globally)
• Favourable time zone (GMT+4)
• Attractive fiscal policies
• 34 active Double Taxation Avoidance Treaties (DTAs)
• No exchange controls
• An efficient banking system
• A stock exchange opened to foreign investors
• Reliable and modern infrastructure
• New Open Air Access policies
• Efficient telecommunications system (connected to SAFE fibre optic network)
• Availability of qualified labour force
• Occupation / residence permits granted in three days
• Integrated Resort Scheme (which allows foreigners to acquire property in Mauritius)

3
Global Business Sector
The Global Business sector was established in 1992 to attract foreign investment to a wide range
of banking and non-banking activities. By December 2008, there were 33,580 Global Business
vehicles established in Mauritius, including 641 funds.

Mauritius is an effective offshore jurisdiction, building on its 34 DTAs, some of which have been in
existence since 1980. With its specialist Global Business legislation, Mauritius enables corporate
and commercial clients to access the benefits of its DTAs for investment purposes, and, at the
same time, is attracting private clients to manage their finances outside the European Union.
Global Business Companies
Global Business Companies (GBCs) offer investors an efficient vehicle for tax structuring and
planning. There are two types of GBCs based on the category of licence - GBC1 and GBC2.

A GBC1 can be structured as a Collective Investment Scheme, Global Fund, Protected Cell
Company or an investment holding company. A Trust can also qualify for a GBC1 licence. In
addition to the benefits available to a GBC1 from the expanding network of DTAs, a GBC1
also offers investors the following advantages:

• Low tax rate

• Generous tax credits
• No withholding tax on dividends, interest and royalties paid
• No capital gains tax
• No stamp duty on registration of GBC1 documents
• Free repatriation of profits, capital and interest
• No estate duty, inheritance, wealth or gift tax
• Protection of assets

Evolution of Global Business Companies

25,000

20,000

15,000

10,000

5,000

0
Dec 06 Dec 07 Dec 08
No. of Category 1 Global Business No. of Category 2 Global Business
Companies (Cumulative) Companies (Cumulative)

5
GBC 1

A GBC1 can carry out any business activity such as asset management, credit finance, custodian
services (non-CIS), distribution of financial products, factoring, leasing, occupational pension
schemes, pension fund administration, pension scheme management, retirement benefits
schemes, superannuation funds, registrar and transfer agencies, treasury management and such
other financial business activities as may be specified by the Financial Services Commission
(FSC), the non-banking financial activities regulator.

A GBC1 is considered to be a tax resident in Mauritius and enjoys benefits under the extensive
DTA network of Mauritius. Income is taxable at a maximum effective rate of 3%. However, a
GBC1 cannot deal with Mauritian residents unless permission is obtained from the FSC. Business
activities must be conducted in currencies other than the Mauritian rupee (MUR).

A GBC1 is generally used when overseas income is predominantly in the form of dividends,
royalties, interest and capital gains and when DTA benefits are needed.

GBC 2

A GBC2 can carry out most business activities but only with non-residents and in currencies other
than the Mauritian rupee. However, it is not tax resident in Mauritius and therefore cannot benefit
from the DTA network. It is completely exempt from paying taxes in Mauritius.

A GBC2 enjoys a flexible legal regime. Companies that are engaged in invoicing, marketing and
international trading activities will often use a GBC2 structure.

A GBC2 can conduct any business activities other than the following: banking, financial services,
carrying out the business of holding or managing or otherwise dealing with a collective investment
fund or scheme as a professional functionary, providing of registered office facilities, nominee
services, directorship services, secretarial services or other services for corporations, providing
trusteeship services by way of business.
Global Funds

Global funds are licensed as a GBC1 and deal in the pooling of public funds to be invested
collectively by fund and investment managers. A fund can either be a close-ended fund where the
share capital is fixed or an open-ended fund where the share capital may be varied.

Protected Cell Company

A Protected Cell Company (PCC) enables a GBC1 to have one or more cells. It permits the
flexibility to divide the assets into various cells with the objective of protecting the assets
of one cell against the failure of another cell.

Trusts

Trusts are legal structures used for wealth management purposes. The settlor of the trust transfers
property or assets to the trustees, as per the terms laid out in a trust deed, for the trustees to
hold and administer for and on behalf of specified beneficiaries. The essence of the concept is the
separation of legal and beneficial ownership, i.e., the property is legally owned by the trustees but
is held and administered for the benefit of the beneficiaries.

7
Mauritius: An International
Financial Centre
Mauritius offers various business and financial planning opportunities within its Global Business
framework. Examples include:

Regional Headquaters Scheme

Multinationals from China, India and Africa are setting up Regional Headquarter Companies (RHQs)
in Mauritius to support group operations in Africa and Asia. A GBC1 may be used for this purpose,
thereby limiting the local income tax liability to 3% on net income. The RHQ may undertake a
wide range of support activities for regional group companies such as administration, accounting
and management support, procurement of raw materials and services, corporate finance, treasury
and fund management, marketing and sales promotion, logistics services, R&D services and
product development. Under the Business Facilitation Act, a RHQ may start its activities rapidly
and expatriate staff can obtain work and residence permits within 3 days. Such employees are
subject to a maximum of 15% income tax.

Captive Insurance Company

Mauritius has a sound regulatory framework for insurance companies including Captive Insurance
Companies which may also be established as protected cell companies. A Captive Insurance
Company would normally be established as a GBC1 and also require an insurance licence from
the FSC.

Multinationals and even families may consider setting up a Captive Insurance Company in Mauritius
to obtain cover for global risks and minimise costs at a time when it is becoming increasingly
difficult to obtain cover in the commercial market and premium rates are on the rise. A Captive
Insurance Company may be set up as a wholly owned or controlled subsidiary of an industrial or
commercial group or even an association of related persons. It enables pooling of group risks,
specific tailoring of cover to meet the group’s needs and placing of external bulk cover to minimise
premium payments which may be matched with group cash flows. Furthermore, retention of
reserves in the Captive Insurance Company enables the group to benefit from the resulting
investment income.
Private Wealth Management

Private Wealth Management services are being offered in Mauritius to high net worth individuals
(HNWI’s) from Asia, the Middle East and Africa. This service is offered by some international
banks operating in the country and professional advisors. The service combines financial planning
and sophisticated investment management with exposure to a wide asset class. Key benefits of
HNWI’s using Mauritius are low taxes, absence of death and inheritance taxes, as well as, the
ability to acquire property in Mauritius under the Integrated Resort Scheme. Under this scheme
they can acquire local tax residency and citizenship, and further enjoy the pleasant climate and
lifestyle on the island.

9
Tax Framework
As at 31st December 2008 Mauritius has 34 Double Taxation Avoidance Treaties in force and is
currently negotiating others.

The countries with which Mauritius already has DTAs, those awaiting ratification, and those still
under negotiation are listed below.

Type Europe Asia Africa M.East Others

A Belgium China Botswana Kuwait Barbados
Croatia India Lesotho Oman
Cyprus Malaysia Madagascar UAE
France Nepal Mozambique
Germany Pakistan Namibia
Italy Singapore Rwanda
Luxembourg Sri Lanka Senegal
Sweden Thailand Seychelles
UK South Africa
Swaziland
A: Available DTAs
Tunisia
B: DTAs under ratification
Uganda
C: DTAs under negotiation
Zimbabwe

B Vietnam Nigeria Qatar Russia
Bangladesh Malawi
Zambia

C Portugal Egypt Iran Canada
Greece
Czech
Republic

Corporate Tax

A GBC1 is liable to corporate tax at 15% but may claim a foreign tax credit in respect of the actual
foreign tax suffered or 80% presumed foreign tax credit, whichever is higher. As such, a GBC1 has
a maximum effective tax rate of 3%.

A GBC2 is exempt from tax in Mauritius and cannot benefit from the DTAs.
Annual Tax Returns
The Income Tax Act has been amended to require companies to submit their annual tax returns
within 6 months from the end of the month in which their accounting year ends. The amendment
takes effect as from 1 July 2008 in respect of the year of assessment commencing 1 July 2008
and in respect of every subsequent year of assessment.

All companies deriving gross income and exempt income exceeding MUR 30 million (approx. USD
1 million) have the legal obligation to file their annual tax returns and effect their tax payments
electronically.

Advance Payment System (APS)

The Income Tax act has also been amended to provide for the operation of an Advance Payment
System (APS). Under APS, companies are required to submit APS statements and pay tax on a
quarterly basis. This is effective from 1 July 2008 for companies with a turnover exceeding MUR
100 million. The effective date for companies with a turnover of less than MUR 100 million is 1
July 2009.

Tax Residency
For tax residency purposes, a GBC1 must be centrally managed and controlled from Mauritius.
The following conditions must be met to ensure control and management in Mauritius.

(1) The company shall at all times have at least two directors resident in Mauritius. The resident
directors shall be of appropriate calibre who can exercise independence of mind and judgement.

(2) All meetings of the Board of Directors shall be held, chaired and minuted in Mauritius.

(3) The company shall at all times keep all its accounting records at its registered office in
Mauritius.

(4) The company shall maintain at all times its principal bank account in Mauritius.

Tax Residence Certificates (TRC’s) are issued by the Mauritius Revenue Authority and are
renewable annually.

Personal Income Tax

The earlier than planned implementation of a single corporate tax of 15% has bolstered the island’s
reputation as a low-tax jurisdiction, thereby attracting new business ventures.

Both individual and corporate tax at a uniform rate of 15% make Mauritius one of the lowest tax
platforms across the world.

11
Enabling Bodies
Government Entities
Name of Institution Object Website

Financial Services Commission (FSC) Regulates and licenses global business www.fscmauritius.org
and financial services other than banking

Board of investment (BOI) Promotes and facilitates foreign direct www.boimauritius.com

investment

Registrar of Companies (ROC) Enforces compliance of companies www.gov.mu/portal/site/

with the laws compdivsite

Bank of Mauritius (BOM) Licences, supervises and regulates http://bom.intnet.mu

the banking sector

Financial Intelligence Unit (FIU) Receives, analyses and disseminates www.fiumauritius.org

financial disclosures in respect of
suspicious transactions

Passport and Immigration Office Issues occupation permits and residence www.gov.mu/portal/site/
permits passportSite

Mauritius Revenue Authority Administers tax policy, collects and www.gov.mu/portal/sites/

accounts for all revenues arising under mra/index.htm
the revenue laws

Ministry of Finance Implements the country’s economic www.gov.mu/portal/site/

policies MOFSite

Management Companies

Management Companies are licensed by the FSC to provide professional services to Global
Business Companies. These services include company incorporation, corporate and fund
administration, tax planning and structuring, trusteeship and accounting services among others.
Most licensed Management Companies are part of a global network of international professional
firms.

As at February 2009, there were 121 licensed Management Companies. These Management
Companies employ a pool of experienced professionals such as chartered accountants, lawyers
and chartered secretaries in order to provide the best services to clients.
Licence Fees

The annual fees for GBCs are as follows:

GBC FSC ROC

(Annual License) ( Annual Registration)
GBC1 US$1500 Approx US$230*
GBC2 US$235 US$65

* Payable in Mauritian Rupees (MUR 6000)

In addition to the above, a processing fee of US$ 500 is payable to FSC when submitting an
application for a GBC1 licence.

GBCs will typically pay fees on an annual basis to their respective Management Companies for
the provision of services such as company secretarial services, a registered office, providing a
resident agent and resident directors. These exclude the management and administrative service
fees of the Management Companies.

13
Incorporation of a GBC1
A Step-by-Step Guide

Appoint a Management Company to

Step 1: Appoint a Management Company assist with incorporation, application of a
GBC1 Licence and ongoing compliance.

Submit an application to reserve the

Step 2: Name reservation proposed company name with the
Registrar of Companies.

Submit incorporation documents to the

Registrar of Companies and application
Step 3: Submit applications
for a GBC1 Licence to the Financial
Services Commission

Certificate of Incorporation and

Category 1 Licence will be issued
Step 4: Obtain Certificate of Incorporation simultaneously by the Registrar of
and Global Business Licence Companies and the Financial Services
Commission

Submit application to open a principal

bank account.
Step 5: Submit applications for a Tax
Resident Certificate and to open a
bank account. Submit application for a Tax Residence
Certificate to the Mauritius Revenue
Authority through the Financial
Services Commission

Step 6: Company can start its activities. Company can start its activities
Documents Required

1) Business Activities

A business plan for the proposed GBC1 will have to be submitted to the FSC. A business plan
normally includes details of the proposed global business activities, background information on
the beneficial owners and a three year business forecast stating the level of investment.

2) Stated Capital

Full details of the stated capital must be provided to the FSC. A GBC1 may be set up with a
minimum stated capital of US$ 1, which consists of 1 ordinary share of US$ 1 each.

3) Directors

For the purpose of incorporation and tax residency, a GBC1 must have a minimum of 2 directors
that have to be resident in Mauritius (i.e. who habitually live in and are tax resident in Mauritius).
The documents that the FSC would require for the directors include a curriculum vitae, certified
passport copy, proof of residential address and an original bank reference.

4) Shareholders / Beneficial Owners

For corporate shareholders, the following documents should be submitted to the FSC:

- Certified copy of the Certificate of Incorporation;

- All former trading names (if any) used during the last 7 years indicating the dates of the
change of names (certificate of change of name to be provided);
- Audited accounts/annual reports for the preceding two years, if any;
- Register of members indicating percentage shareholding;
- Register of Directors;
- Certified Copy of the Constitution (or Memorandum and Articles of Association)
- A recent (not more than three months old) original bank reference from a recognised banking
institution which has known the corporate entity for at least the last 2 years.

For individual shareholders, the FSC require a curriculum vitae, certified copy of passport, proof of
residential address and an original bank reference.

15
5) Source of Funds

Relevant confirmation letters such as source of funds for investment will have to be filed with the
FSC.

6) FSC Application Form

The application form must be duly filled in and must include all relevant information such as details
of beneficial owners, directors, auditor, bankers, legal advisers, registered office, balance sheet
date, etc. It should be accompanied by a legal certificate.

7) Other Statutory Documents

All statutory documents such as Consent of Directors, Shareholders and Secretary and
a Constitution (if applicable) must also be filed with the ROC.

8) Fees

The application must be accompanied by the respective annual and processing fees payable to
the FSC and the ROC.

Once the necessary information/due diligence documents are sent to the authorities, it will
normally take up to 5 days to incorporate a GBC1.
Occupation and Residence
Permits
Occupation Permits

An occupation permit allows a foreigner to reside and work in Mauritius. It is both a work and
residence permit. An investor, a professional or a self-employed person may be eligible upon the
following conditions:

The proposed business activity should generate an annual

Investor
turnover exceeding MUR 3 million.

The basic monthly salary of a professional under a contract

Professional
of employment should exceed MUR 30,000.

The annual income from the proposed business activity

Self-employed
should exceed MUR 600,000.

• It takes three days to obtain an occupation permit which is issued for a maximum period of
three years.

• The dependents of an occupation permit holder may also apply for residence permits.
Immigration law permits foreign nationals who have been resident in Mauritius for at least
three years and who are drawing a salary of MUR 150,000 per month (or more) to obtain
permanent residency. In addition, the permanent resident can then purchase property on the
island.

Local consultancy firms and management companies can help with the setting up of offices
in Mauritius.

Residence permit for retired non-citizens

• This permit allows an eligible retired non-citizen to reside in Mauritius. A person will become
eligible if he/she undertakes to transfer at least US$40,000 or equivalent in convertible currency
annually to Mauritius.

• A retired person’s residence permit is issued for a period of three years.

• After three years of residence in Mauritius, a retired non-citizen may apply for Permanent
Residence status if he/she has transferred at least US$ 40,000 a year to Mauritius.

17
Our Contact Details
HSBC Bank (Mauritius) Ltd

The Managing Director,

6/F, HSBC Centre,
18 CyberCity, Ebene
Mauritius

Telephone: (230) 403 8333

Facsimile: (230) 403 0999
Email: global.business@hsbc.co.mu
Internet: www.hsbc.co.mu

Kemp Chatteris Deloitte

William Chung, Tax Partner

P.O.Box 322,
3/F, Cerné House,
La Chaussée, Port-Louis
Mauritius

Telephone: (230) 203 8000

Facsimile: (230) 208 8002
Email: KCD@deloitte-mu.com
Internet: www.deloitte-mu.com
19
Abbreviations

CIS - Collective Investment Scheme

DTA - Double Taxation Avoidance Treaty

FATF - Financial Action Task Force

FSC - Financial Services Commission

GBC - Global Business Company

GBC1 - Category 1 Global Business Company

GBC2 - Category 2 Global Business Company

GMT - Greenwich Meridian Time

MUR - Mauritian Rupee

OECD - Organisation for Economic Cooperation and Development

PCC - Protected Cell Company

ROC - Registrar of Companies

TRC - Tax Residence Certificate

WB - World Bank
 The HSBC Group in Mauritius

Who we are One of the world’s largest banking and financial services organisations, the
HSBC Group has some 8,500 offices in 86 countries and territories serving
more than 100 million customers worldwide. In Mauritius, HSBC operates 11
full-service branches and an offshore banking unit, which for many years has
played a leading role in facilitating cross-border investment activity.

HSBC Bank (Mauritius) Limited

HSBC was one of the first banks to set up an Offshore Banking Unit in
Mauritius in 1991, and has grown to be the largest in Mauritius. Our offshore
banking capabilities were significantly enhanced with the opening of a new
locally incorporated subsidiary, HSBC Bank (Mauritius) Limited. Through the
new subsidiary, HSBC is able to offer many of its global customers more
sophisticated financial products and structures that benefit from the extensive
range of international double taxation avoidance treaties that Mauritius has
negotiated.

Products and services

Multicurrency HSBC Bank (Mauritius) offers Call and Fixed Term deposit accounts in most major
deposits convertible currencies.

Islamic banking HSBC is the first bank in Mauritius to launch Sharia-compliant banking
services. Under the international HSBC Amanah umbrella, we offer Amanah
Current accounts as well as Amanah Term Investment accounts. Amanah Term
Investment represents a short to medium term investment solution for
businesses to earn returns through a Murabaha contract.

Funds transfers As a member of the HSBC Group, which has one of the largest international
and remittances networks of offices and correspondent banks linked by advanced technology,
HSBC Bank (Mauritius) offers fast and efficient money transmission services
worldwide. Its services are particularly well suited to meet the needs of
institutional funds and Global Business Companies set up in Mauritius to make
investments and payments overseas

Foreign exchange HSBC Bank (Mauritius) has access to one of the world’s largest treasury ,
and treasury operations, HSBC Global Markets, which facilitates the provision of quick and
effective access to an expanding range of treasury products

Services include:
• Purchase and sale of most traded currencies on a same-day, spot and
forward exchange basis
• Access to international derivatives markets, such as FX options, currency
swaps and customised structures
• Foreign exchange advice and daily foreign exchange updates and market
information
E-banking HSBC Bank (Mauritius) offers its corporate customers the HSBC Group’s
international in-house electronic banking system, HSBCnet, which enables on-
line access to bank accounts maintained in Mauritius and at offices throughout
the world. The solutions accessible via HSBCnet are continually expanding and
presently include a range of transaction, statement, cash management,
payments, transfers and trade services.

Corporate A wide range of multi-currency corporate lending facilities that include short
banking to medium term financing (loans and overdrafts), structured cross border and
syndicated loans, asset backed funding, project finance.

Trade finance HSBC Bank (Mauritius) offers a comprehensive range of trade finance services
services and facilities including:
• Documentary Letters of Credit including standby, transferable and back-to
back letters of credit (issuance, advising, negotiating and confirming)
• Inward and outward bills for collection
• Pre and post shipment export and import financing
• Bills discounting
• Contract bonding and guarantees

Cash custody HSBC Bank (Mauritius) offers both local and regional securities, cash custody
services and clearing services. HSBC Bank (Mauritius) is the leading cash Custodian
to offshore funds domiciled in Mauritius. HSBC is also custodian to the large
majority of foreign investments made on the Mauritius stock exchange.

Contact details The Managing Director

HSBC Bank (Mauritius) Limited
6/F, HSBC Centre
18 CyberCity, Ebene
Mauritius

Telephone: (230) 403 8333

Facsimile: (230) 403 0999
Email: global.business@hsbc.co.mu
Internet: www.hsbc.co.mu/1/2/offshore

Factsheet March 2010

Management Companies
AAA Global Services Ltd Appleby Management (Mauritius) Ltd
Tel: (230) 454 3200 Tel: (230) 203 4300
Fax: (230) 454 3202 Fax: (230) 210 8792
Email: headoffice@aaa.com.mu Email: pluchoo@applebyglobal.com

AAMIL Ltd Appavoo International Ltd
Tel: (230) 210 1000 Tel: (230) 203 3900
Fax: (230) 210 2000 Fax: (230) 211 5123
Email: info@aamil.com Email: info@appavoo-international.com

ABC Global Management Services Ltd Associated Consultants Ltd
Tel: (230) 217 8890/8891 Tel: (230) 211 3664/3017
Fax: (230) 217 8892 Fax: (230) 211 3016
Email: mdabcglobal@intnet.mu Email: acl@bow.intnet.mu

Abax Corporate Services Ltd AXIS Fiduciary Ltd
Tel: (230) 207 1000 Tel: (230) 213 1111
Fax: (230) 208 7949 Fax: (230) 213 3333
Email: abacus@abaxservices.com Email: trust@axis.mu

Affinity Worldwide Ltd Belvedere Management Limited
Tel: (230) 465 3435 Tel: (230) 466 9700 /9701
Fax: (230) 465 3435 Fax: (230) 466 9702
Email: info@affinityww.com Email: kmaillard@belvederemgt.com

Alliance Trust Co. (Mauritius) Limited Beresford Pension Trust Limited
Tel: (230) 466 7070 Email: preetam@beresford.mu
Fax: (230) 465 0077
Email: alliance@alliance-mauritius.com

AMAS Trust (Mauritius) Limited Beresford Trust & Corporate Services Limited
Tel: (230) 208 7575 Tel: (230) 466 9171
Fax: (230) 208 7574 Fax: (230) 466 0132
Email: amasmru@intnet.mu Email: info@beresford.mu

Anderson Ross Consulting Limited Bhumishq Financial Services Ltd
Tel: (230) 467 0600 Tel: (230) 467 6000 / 465 1001
Fax: (230) 467 0850 Fax: (230) 467 1717 / 465 7007
Email: arcltd@intnet.mu Email: info@bhufin.com

Anex Management Services Limited BIT Management Services Ltd
Tel: (230) 212 0202 Tel: (230) 466 0559/0659
Fax: (230) 212 9473 Fax: (230) 466 0533
Email: sattar@bow.intnet.mu Email: info@bitmu.com

Apex Fund Services (Mauritius) Ltd Businessconsult

Tel: (230) 466 8000 Tel: (230) 211 6535/6716/7484
Fax: (230) 465 9600 Fax: (230) 211 6964
Email: info@apex.mu Email: ragti@intnet.mu
BYB Offshore Companies Management Ltd Dale International Trust Company Limited
Tel: (230) 211 2922 / 208 8324 Tel: (230) 217 1300
Fax: (230) 208 2146 Fax: (230) 217 1305
Email: bachaa@bow.intnet.mu Email: info@dale-trust.com

Centurion Management (Mauritius) Ltd DTOS LTD
Tel: (230) 213 9393 Tel: (230) 203 2020
Fax: (230) 213 9394 Fax: (230) 212 6149
Email: Mauritius@centuriontrust.com Email: info@dtos-mu.com

CITCO (Mauritius) Limited Deutsche International Trust Corporation
Tel: (230) 210 2035 (Mauritius) Limited
Fax: (230) 211 7889 Tel: (230) 202 7878 / 211 9126
Email: jaboobakar@citco.com Fax: (230) 202 7898
Email: dbml.enquiries@db.com

CK (Corporate Services) Equity Trust (Mauritius) Limited
Tel: (230) 212 2215/6412 Tel: (230) 216 4888
Fax: (230) 208 2986 Fax: (230) 216 4889
Email: koenig@intnet.mu Email: infomu@asia.equitytrust.com

CKLB International Management Ltd Fideco Global Business Services Ltd

Tel: (230) 216 8800 Tel: (230) 210 3386/1867
Fax: (230) 216 9800 Fax: (230) 210 5922
Email: cklbmru@intnet.mu Email: fideco@intnet.mu

Clariden Leu Trust (Mauritius) Limited First Island Trust Company Ltd
Tel: (230) 208 1692 Tel: (230) 211 6636/6242
Fax: (230) 208 1693 Fax: (230) 211 7489
Email: cltm@intnet.mu Email: fitco@intnet.mu

Codan (Mauritius) Limited Frontière Finance Ltd
Tel: (230) 464 9090 Tel: (230) 211 1395/6
Fax: (230) 464 9092 Fax: (230) 211 1294
Email: mauritius@conyersdillandpearman.com Email: rory@frontfin.mu

Consilex Ltd FWM International Limited
Tel: (230) 208 1888 Tel: (230) 211 3326
Fax: (230) 208 1889 Fax: (230) 211 3327
Email: info@consilex.org Email: global@axys-group.com

COPEX Management Services Limited GenPro Consulting (Mauritius) Inc.

Tel: (230) 213 4000 Tel: (230) 403 0800
Fax: (230) 213 4001 Fax: (230) 403 0801
Email: cms@copex-group.com Email: intercon@intnet.mu

Corporate & Chancery Group Ltd GIPI Trustees Limited
Tel: (230) 210 3187 Tel: (230) 212 6448
Fax: (230) 210 1109 Fax: (230) 212 5063
Email: chancery@intnet.mu Email: gipitrustees@intnet.mu

Curatus Trust Company (Mauritius) Limited Globefin Management Services Ltd

Tel: (230) 211 5797 / 213 1671 Tel: (230) 213 1913
Fax: (230) 213 1491 Fax: (230) 208 6258
Email: curatus@intnet.mu Email: roshan.nathoo@globefin.mu
Management Companies
GMG TRUST LTD International Financial Services Ltd
Tel: (230) 217 9000 Tel: (230} 467 3000
Fax: (230) 217 8900 Fax: (230) 467 4000
Email: gmgtrust@intnet.mu Email: ifs@ifsmauritius.com

Gobal Wealth Management Solutions Ltd International Management (Mauritius) Ltd
Tel: (230) 454 2110 Tel: (230) 212 9800
Fax: (230) 454 9671 Fax: (230) 212 9833/9803
Email: info@globalwealth-ms.com Email: services@imm.mu

Grand Baie Trust Company Limited International Proximity
Tel: (230) 483 7117/7122 Tel: (230) 210 9000
Fax: (230) 483 7096 Fax: (230) 210 9001
Email: gbt@grandbaietrust.com Email: InitialSurname@internationalproximity.com

Halifax Management Limited Inter-Ocean Management Limited
Tel: (230) 404 2200 Tel: (230) 210 9334
Fax: (230) 404 2188 Fax: (230) 210 8524
Email: halifax@halifax-management.mu Email: brendon.jones@inter-oceanmgt.com

Hauteville Limited Investec Trust (Mauritius) Limited

Tel: (230) 216 7539 Tel: (230) 403 0400
Fax: (230) 216 7655 Fax: (230) 403 0498
Email: hauteville@intnet.mu Email: enquiries@investectrust.co.mu

Imara Trust Company (Mauritius) Limited Juristconsult Ltd

Tel: (230) 464 9799 Tel: (230) 208 5526
Fax: (230) 464 9798 Fax: (230) 208 5586
Email: imara@imara.mu Email: npyaneandee@juristconsult.intnet.mu

IMM Fund Administrators Ltd Knights & Johns Management Ltd

Tel: (230) 213 9910 Tel: (230) 211 0852
Fax: (230) 211 9807 Fax: (230) 211 0936
Email: ashwin.jugbandhan@imm.mu Email: kjm@intnet.mu

Intercontinental Fund Services Limited Kross Border Trust Services Limited
Tel: (230) 403 0800 Tel: (230) 203 6600
Fax: (230) 403 0801 Fax: (230) 203 6650
Email: info@intercontinentaltrust.com Email: fiduciary@krossborder.intnet.mu

Intercontinental Trust Limited Legis International (Financial &

Tel: (230) 403 0800 Management) Services Ltd
Fax: (230) 403 0801 Tel: (230) 210 6100 / 208 7930
Email: intercon@intnet.mu Fax: (230) 210 9100
Email: ledesma@legis.intnet.mu

International Financial Consulting Ltd Lion International Management Limited

Tel: (230) 217 1777 Tel: (230) 464 6060
Fax: (230) 217 4777 Fax: (230) 464 7676
Email: cmd@ifcconsult.com Email: office@lionglobal.mu
Loita Management Services Limited OCRA (Mauritius) Limited
Tel: (230) 208 9022 Tel: (230) 211 5100 / 217 5100
Fax: (230) 208 9033 Fax: (230) 217 5400
Email: loitags@intnet.mu Email: ocra@ocra-mauritius.com

London Global Business Solutions Ltd Offshore Incorporations (Mauritius) Limited
Tel: (230) 466 4848 Tel: (230) 210 3273 / 211 6242
Fax: (230) 466 3939 Fax: (230) 211 7489
Email: jeetahs@intnet.mu Email: OIML@intnet.mu

Matco Limited Olexco Trust Company Limited
Tel: (230) 213 8115/8116 Tel: (230) 210 7771
Fax: (230) 213 6861 Fax: (230) 210 7771
Email: bruno.hardy@matcotrust.com Email: info@olexco.mu

Mauritius International Trust Company Limited Orangefield Trust (Mauritius) Limited
Tel: (230) 210 4000 / 211 3201 / 210 9889 Tel: (230) 210 7275
Fax: (230) 211 7549 Fax: (230) 210 7285
Email: info@mitco.mu Email: ingtrust@intnet.mu

MauriTrust Consulting & Management Limited PCL Legal Services (Mauritius) Ltd
Tel: (230) 211 8881 Tel: (230) 212 6913/6917
Fax: (230) 212 6138 Fax: (230) 208 8351
Email: mtcml@intnet.mu Email: pcllegal@intnet.mu

Minerva Fiduciary Services (Mauritius) Limited Port Louis Management Services Ltd
Tel: (230) 464 5100 Tel: (230) 212 5150 / 211 4321
Fax: (230) 467 3100 Fax: (230) 212 7375
Email: info@minerva.mu Email: pmsl@bow.intnet.mu

ML ADMINISTRATORS LTD Portcullis Trustnet (Mauritius) Ltd C/o DTOS Ltd
Tel: (230) 292 9309 Tel: (230) 203 2020
Fax: (230) 208 9171 Fax: (230) 212 6149
Email: info@mladministrators.com Email: info@dtos-mu.com

Morgan Walker Services (Mauritius) Limited Premier Financial Services Limited
Tel: (230) 210 0908 / 213 1652 Tel: (230) 213 6703
Fax: (230) 210 8787 Fax: (230) 213 6704
Email: ash_lux@hotmail.com Email: premier@intnet.mu

Multiconsult Ltd PrimeCapital Management Ltd
Tel: (230) 202 3000/3136 Tel: (230) 213 5800
Fax: (230) 212 5265 Fax: (230) 210 9800
Email: multico@intnet.mu Email: b.nabeebokus@primecapital.mu

Multiconsult Fund Services Ltd Schindlers Trust Mauritius Limited
Tel: (230)202 3000 Tel: (230) 211 2206
Fax: (230)212 5265 Fax: (230) 211 2205 / 210 3154
Email: multico@intnet.mu Email: Mauritius@schindlers.mu

NS Management Ltd SCI Essell Offshore Services
Tel: (230) 212 6631 / 208 8602 Tel: (230) 210 8588
Fax: (230) 211 2877 Fax: (230) 216 8590
Email: aasha@ns-management.net Email: eos@intnet.mu
Management Companies
Seamark Trust Company Limited Thibaut International Management Ltd
Tel: (230) 212 8245 Tel: (230) 425 6388
Fax: (230) 212 9945 Fax: (230) 425 5271
Email: AITL@euroartsmedia.com Email: thibautinternational@orange.mu

SG Financial Services Limited Trident Trust Company (Mauritius) Ltd
Tel: (230) 208 8684 / 211 3350 Tel: (230) 210 9770
Fax: (230) 211 1967 Fax: (230) 210 1266
Email: horwath@intnet.mu Email: mauritius@tridenttrust.com

SG Trust (Mauritius) Ltd Tri-Pro Administrators Ltd
Tel: (230) 403 0818 Tel: (230) 464 9088
Fax: (230) 403 0819 Fax: (230) 467 8858
E-mail: services@tri-pro.mu

Sinews Global Ltd Trustlink International Limited

Tel: (230) 675 2587 Tel: (230) 210 9961
Fax: (230) 675 2587 Fax: (230) 210 6749
Email: management@sinewsglobal.com Email: trustlink@intnet.mu

Sovereign Trust (Mauritius) Limited Turnstone Corporate (Mauritius) Limited
Tel: (230) 403 0813 Tel: (230) 467 4693
Fax: (230) 403 0814 Fax: (230) 466 8440
Email: intercon@intnet.mu Email: info@turnstone-group.com

Standard Bank Trust Company (Mauritius) Limited Vuna Capital Trustees (Mauritius) Ltd
Tel: (230) 202 4200 Tel: (230) 427 8343 / 427 8352
Fax: (230) 202 4210 Fax: (230) 427 8256
Email: sbtm@standardbank.com Email: fazalshipkolye@vunacapital.com

Strafin Global Services Ltd Worldwide Business Centre Limited
Tel: (230) 212 5115 Tel: (230) 213 4238
Fax: (230) 213 2186 Fax: (230) 213 4237
Email: strafin@intnet.mu Email: info@ifsmu.com

Temple Corporate Services
Tel: (230) 211 5744
Fax: (230) 208 1026
Email: templecs@intnet.mu

Management Companies (Corporate Trustees)

AAMIL Trustees Ltd Anchorage International Trust Limited
Tel: (230) 210 1000 Tel: (230) 210 9000
Fax: (230) 210 2000 Fax: (230) 210 9001
Email: aamiltrustees@aamil.com Email: Mauritius@mutrust.com
Appleby Trust (Mauritius) Limited International Proximity Trustees Limited
Tel: (230) 203 4300 Tel: (230) 210 9000
Fax: (230) 210 8792 Fax: (230) 210 9001
Email: pluchoo@applebyglobal.com Email: Mauritius@mutrust.com

APG Trustee Corporation ITL TRUSTEES LTD
Tel: (230) 210 3187 Tel: (230) 403 0800
Fax: (230) 210 1109 Fax: (230) 403 0801
Email: chancery@intnet.mu Email: info@intercontinentaltrust.com

Beresford Pension Trust Limited Lion Trust Company Ltd

Email: preetam@beresford.mu Tel: (230) 464 6603
Fax: (230) 464 6604
Email: office@liontrust.mu

Cititrust (Mauritius) Limited Multiconsult Trustees Ltd
Tel: (230) 203 2020 Tel: (230) 202 3000/3136
Fax: (230) 212 6149 Fax: (230) 212 5265
Email: info@dtos-mu.com Email: multico@intnet.mu

CITCO Trustees (Mauritius) Limited PMSL Trustees Ltd
Tel: (230) 210 2035 Tel: (230) 212 5150 / 211 4321
Fax: (230) 211 7889 Fax: (230) 212 7375
Email: jaboobakar@citco.com Email: pmsl@bow.intenet.mu

CKLB INTERNATIONAL TRUSTEES LTD PSG Konsult Trustees Limited

Tel: (230) 216 8800 Tel: (230) 403 0800
Fax: (230) 216 9800 Fax: (230) 403 0801
Email: cklbmru@intnet.mu Email: info@psgkonsult.mu

COPEX Trustees Limited Seamark Trust Company Limited
Tel: (230) 213 4000 Tel: (230) 212 8245
Fax: (230) 213 4001 Fax: (230) 212 9945
Email: ct@copex-group.com Email: AITL@euroartsmedia.com

DTOS Trustees Ltd Southern Global Trust Company Ltd
Tel: (230) 203 2020 Tel: (230) 210 3187
Fax: (230) 212 6149 Fax: (230) 210 1109
Email: info@dtos-mu.com Email: chancery@intnet.mu

Fairfield Trustees Ltd The Meridian Trust Co. Ltd

Tel: (230) 208 8684 / 211 3350 Tel: (230) 202 4747
Fax: (230) 211 1967 Fax: (230) 202 4760
Email: horwath@intnet.mu Email: services.kfs@key.intnet.mu

IFS Trustees The Oceanic Trust Co. Ltd
Tel: (230) 211 2000 Tel: (230) 202 4747
Fax: (230) 211 1000 Fax: (230) 202 4760
Email: ifs@intnet.mu Email: services.kfs@key.intnet.mu

IMM Trustees Ltd Turnstone Trustees (Mauritius) Limited

Tel: (230) 212 9800 Tel: (230) 467 4693
Fax: (230) 212 9833/9803 Fax: (230) 466 8443
Email: services@imm.mu Email: tatiana.bathfield@turnstone-group.com



Kemp Chatteris Deloitte
Kemp Chatteris Deloitte was established in 1952 and is one of the leading multi-disciplinary professional
services firms in Mauritius. We offer a full range of services and advice to our clients. We provide our
clients unrivalled expertise in four major areas:

• Audit
• Tax
• Consulting
• Financial Advisory

Partners and Staff

The firm currently employs 175 staff out of which some 50 are fully qualified accountants and 10 partners
as follows:

Robert Konfortion Managing Partner, Chairman, Global Client Service Director,

Communications/Marketing/Public Relations
Aline Ah Hee Audit
Sydney Ah Yoong Financial Advisory Services
Michael Burgess Risk Management, Corporate Finance Services, Information Technology
Twaleb Butonkee Audit, Financial Services
William Chung Tax
Jacques Du Mée Audit, Training
Yon Yan Pat Fong Audit
Jean Noel Wong Management Consulting
Laura Yeung Human Resources

Client and Market

Kemp Chatteris Deloitte prides itself in servicing a portfolio of clients who are leaders in their respective
industries. Our success is largely due to the leadership provided by our partners. Indeed, the partners lead
the planning and performance of our diverse assignments.

Our mission is to help our clients and our people excel. This is driven by our shared beliefs in outstanding
value to clients, commitment to each other, integrity and strength from our cultural diversity. The Mauritian
practice is part of the Deloitte network, a global leader in the provision of professional services with more
than 135,000 people in over 150 countries.

Contact us
Kemp Chatteris Deloitte
Address : 3rd Floor, Cerné House, La Chaussée, Port-Louis, Mauritius.
Mail : P.O Box 322, Port Louis, Mauritius
Telephone: (230) 203-8000
Facsimile : (230) 208-8002
Email: KCD@deloitte-mu.com
Home Page: www.deloitte-mu.com