13 February 2017

OIL Rebrands to Vistra

Vistra, one of the world’s leading service providers in international incorporations, trust, fiduciary, and fund administration services, today announced that OIL, Asia's leading company formation specialist, has rebranded to Vistra. 

The rebrand heralds an exciting new chapter for Vistra and is the culmination of five years of successful integration that began with the merger of OIL and Vistra in 2011. Following an alignment of the respective corporate identities in 2015, the re-branding of OIL to Vistra completes the final step in operating as one united business. With over 30 years history, OIL has become the leader in international incorporations and related services; working with both end clients and intermediaries to support their cross border aspirations. Moving forward, the OIL business will form the basis of Vistra’s Company Formation division to complement the broader service offerings available under the Vistra brand.

Martin Crawford, CEO of Vistra, commented on the rebrand: 

We are immensely proud of the OIL brand and what it has represented over the past 30 years; especially in the Asian markets in which it has operated. Originally branded Offshore Incorporations Limited, OIL for short, we pioneered the use of offshore entities in Asia as a means of opening up trade, investments, and capital market transactions to the rest of the world. As the business has developed and expanded beyond Asia, it makes sense to align under the Vistra brand. This is a significant step in the evolution of Vistra into a truly global brand and one that we are very excited about. Clients can expect the same level of service and expertise under the Vistra brand but now have better access to the global network should they require.

Jonathon Clifton, Group Managing Director of Vistra's Company Formation division added: “Completing the rebrand of OIL to Vistra unites and strengthens our resources as a single international brand. This paves the way for countless opportunities for our clients, our people, and our investors, creating a better connectivity between Asia, Europe, and the rest of the world. Our focus remains on our clients as we develop the brand and our services, especially as we shift towards and build upon our onshore capabilities. This rebrand represents a milestone for all of us, one that welcomes new changes and growth for the Vistra family.


10 February 2017

Joseph Tsang Mang Kin : «Les politiciens ne pourront plus faire la pluie et le beau temps. Ils ne pourront plus mener les électeurs en bateau»

  • Pourquoi nos vieux leaders n’auraient-ils pas le courage et la grandeur d'âme de reconnaitre, qu’aujourd’hui, la population ne veut plus d’eux ? Nous sommes un peuple doux, poli et élégant et c’est pour cela que l’on abuse de nous !
  • Sans minimiser les capacités de Bhadain, je crois qu’il se bat contre un moulin à vent
  • On a besoin d’un gouvernement qui rassemble et non qui casse la société mauricienne
Nouveau PM : Nouvelle manière de faire ? Nouveau dynamisme ? Les citoyens ordinaires gardent leur réserve habituelle contrairement à certains de l’Opposition qui essaient par tous les moyens d’attirer l’attention sur leur personne. Les citoyens ordinaires ne sont pas dupes et attendent patiemment la suite des évènements. Joseph Tsang Mang Kin appartient à une arrière-garde politique. Il nous donne son opinion sur la passation des pouvoirs au Gouvernement, les jeux et enjeux de l’Opposition dans cette nouvelle configuration.

Mauritius Times

02 February 2017

The United Kingdom’s exit from and new partnership with the European Union White Paper

This White Paper confirms the Prime Minister’s vision of an independent, truly global UK and an ambitious future relationship with the EU. On 17 January 2017 the Prime Minister set out the 12 principles which will guide the government in fulfilling the democratic will of the people of the United Kingdom. In this White Paper the government sets out the basis for these priorities and the approach to forging a new strategic partnership between the United Kingdom and the EU.

01 February 2017

FSC Mauritius: Overseas Family office

On 19 November 2016, the Financial Services (Amendment of Schedule) (No.2) Regulations 2016 were published.

The Regulations amend Part I of the Second Schedule to the Financial Services Act 2007 to introduce two new activities, namely the:

1) Overseas family office (multiple); and
2) Overseas family office (single).

These two activities were announced in the National Budget Speech 2016.

The Income Tax (Amendment of Schedule) (No.2) Regulations 2016 also provides (subject to conditions) for tax exemptions to the holders of Overseas family office (multiple) and Overseas family office (single) licences.

UNCITRAL: Dawood Rawat v. The Republic of Mauritius

Order Regarding Claimant's and Respondent's Request for Interim Measures