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.

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