Global Treasury Activities
A Treasury Centre benefits from a 5-year tax holiday, subject to meeting specific prescribed requirements. Mauritius offers many of the features global multinationals are looking for when establishing a Treasury center. The Financial Services Act 2007 promotes the setting up of Global Treasury companies. As a legal prerequisite, a Treasury Centre in Mauritius is required to provide at least 3 of the following treasury services to at least 3 related entities:
- Arrangement for credit facilities, including credit facilities with funds obtained from financial institutions in Mauritius or from surpluses of network companies.
- Arrangement for derivatives.
- Corporate finance advisory.
- Credit administration and control.
- Factoring, forfeiting and re-invoicing activities.
- Guarantees, performance bonds, standby letters of credit and services relating to remittances.
- Management of funds for designated investments.
- Any other global treasury activity as may be specified in the FSC Rules.
A Treasury Centre benefits from a 5-year tax holiday, subject to meeting specific prescribed requirements.