The Mauritius Global Treasury Activities License gives multinational companies the opportunity to establish or relocate their regional treasury management services to Mauritius. Entities holding the said license are expected to provide at least 3 treasury services to three or more related companies, including but not limited to the following:
- Arrangement for credit facilities, including credit facilities with funds obtained from financial firms in Mauritius or from surpluses from network companies;
- Arrangements for derivatives;
- Corporate finance advisory;
- Credit administration and control;
- Guarantees, performance bonds, standby letters of credit and services relating to remittances,
- Factoring, forfeiting and re-invoicing activities;
- Management of funds for designated investments; and
- Other global treasury activities as may be specified under the FSC regulations.
LICENSING REQUIREMENTS
In addition to the normal requirements for Global Business Companies, a Global Treasury Activities License should meet the following requirements:
- Employ a minimum of four professionals with at least one at managerial level
- Have a physical office in Mauritius
- Incur an annual expenditure of at least MUR 2 million (equivalent approx. USD 60,000) in Mauritius
TAXATION
An entity holding a Global Treasury Activities License will be qualified for 5 years tax holiday in Mauritius as from the income year in which the entity was granted a license.
