Following the amendments brought in Section 3 of Chapter 4 of the Guide to Global Business, the FSC is hereby amending its TRC Application Form to cater for the additional substance requirements and further streamlining its TRC application process. The new TRC application process will ensure smooth submission of TRC applications, processing, recommendations and notifications.
The Financial Services Commission (the “FSC”) will recommend an application for Tax Residence Certificate (“TRC”) to the Mauritius Revenue Authority (“MRA”) which is complete in all respects.
The FSC may verify the information provided in the TRC Application Form and if anything is found to be false, the directors of the Applicant, being the Category 1 Global Business Company, and the Management Company will be liable for regulatory sanctions.
The option to apply for a country-specific TRC is not available for Egypt:
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