The Economic Development Board (EDB) played an active role in the Singapore Mining Day conference that took place on September 15, 2023. During the event, they placed a strong spotlight on the Mauritius International Financial Centre (IFC) as a central hub for managing risks associated with cross-border investments. In a...
Standard & Poor’s maintains Mauritius’ “investment grade” standing, while Moody’s elevates the sovereign Scorecard-indicated outcome to Baa1-Baa3
On September 27th, 2023, The Bank of Mauritius ("The Bank") expressed its satisfaction with the decisions made by Standard & Poor's in July 2023, confirming Mauritius' "investment grade" status, and Moody's upward adjustment of the country's financial outlook to Baa1-Baa3. By awarding Mauritius a BBB-/A-3 Outlook Stable rating, Standard and...
Mauritius strengthens its position in Global Financial Centres Index (GFCI) 34, Reaffirming its Prominence in the Global Financial Arena
Mauritius has once again showcased its exceptional status on the global financial stage, achieving a notable ranking in the most recent edition of the Global Financial Centre Index (GFCI). The Financial Services Commission, Mauritius (FSC), is delighted to announce to both stakeholders in the financial services industry and the general...
Enhancing Trade and Investment: Mauritius-China FTA Cooperation Forum Explores Opportunities
On August 31, 2023, the first-ever Mauritius-China FTA Cooperation Forum was convened, coinciding with the inaugural meeting of the Mauritius-China FTA Joint Commission. The primary objective of this forum was to facilitate a comprehensive understanding of the Free Trade Agreement (FTA) and to explore opportunities for the expansion of commercial...
Air Mauritius moves operations to London Gatwick Airport with daily direct flights from 29 October 2023
In a groundbreaking development, passengers will soon have the opportunity to fly nonstop from the UK to Mauritius on a daily basis, providing access to an idyllic island with pristine white beaches and crystal-clear azure waters. This change comes as Air Mauritius relocates its operations from London Heathrow. On June...
Delving into New Developments in Global Taxation: Workshop Spotlights Taxation and Fiscal matters
On September 15, 2023, the IFA Mauritius Branch, in collaboration with Mauritius Finance and ACCA Mauritius, organized a workshop titled "Emerging Trends in International Taxation." This event coincided with the 14th Asia/Africa IFA Conference 2023 and had the honor of hosting President Prithvirajsing Roopun of Mauritius as the Chief Guest....
The Mauritius IFC strengthens its collaboration with the USA
The Minister of Financial Services and Good Governance led a delegation comprising representatives of the Financial Services Commission, Economic Development Board, Mauritius Finance and private sector operators to the United States targeting Washington and New York. During the business mission in Washington, the delegation met with key institutions, including the...
Launching of Framework governing the use of Digital Signature
The Financial Services Commission, Mauritius (the “FSC”), has announced the official launching of a Framework governing the use of Digital Signature on 23 October 2023. FSC’s pioneering initiative to introduce guidelines for secure digital signature usage aligns with global trends in financial digitalisation. It will bring various benefits in terms...
Overview of Mauritius Financial Act 2023
The Finance (Miscellaneous Provisions) Act 2023, enacted on 20 July 2023, provides for the implementation of most of the measures announced by the Minister of Finance, Economic Planning and Development, Dr. the Honourable Renganaden Padayachy in his budget speech for 2023/2024. To access the salient measures in The Finance...