Intrasia Management’s review on Mauritius being on the Grey List of the European Commission

Mauritius being potentially listed on the high-risk countries of the European Commission list

The Government of Mauritius acknowledged the issuance of high-risk third countries list by the European Commission which was made available on 07 May 2020. Intrasia Management (Mauritius) Ltd, wish to assure our valued clients and friends that our Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) legal framework has intensively improved and to date Mauritius is predominantly compliant with 35 out of the 40 Recommendations of the FATF. Mauritius has always been delivering on its commitment given its social and political stability for conducting businesses.

Mauritius, ranked 1st in the Mo Ibrahim Index of African Governance as well as being Most Compliant Jurisdiction in Africa, has a platform which is known to offer high-quality tools for businesses to access foreign markets, with a special focus on Africa and Asia. Mauritius is recognized for its premier holiday destination and has progressively evolved into an international financial centre by adopting the best international and sound regulatory practices inclusive of a conducive business environment. This has always led Mauritius to be known as a reputable reliable and efficient jurisdiction for businesses to invest from given its hybrid legal regime and growing network of double taxation treaties.

Moreover, through the network of Investment Promotion and Protection Agreements (IPPAs) and legal framework, Mauritius investment platforms allow the investors to have preferential access to markets by fringing several hundreds of millions of consumers as well as account for protection to foreign investments. Mauritius has customarily been ranked amongst the best countries to conduct business. The country ranks 13th globally and 1st in African countries as contemplated in the World Bank’s Ease of Doing Business 2020 Report.

Mauritius is taking all the required actions to fully comply to international norms and practices. The Government of Mauritius is already reviewing its policies to implement the FATF Action Plan to exit the FATF and EU lists at the earliest. We wish to reassure you that no effort is being left out to reinstate the global investment community’s health. Mauritius will soon overcome this phase and viewed again as the international financial centre of excellence within a credible jurisdiction with a strong regulatory regime.

Should you require any further information, feel free to contact us:

Level 6 Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius 11302
Tel : +230 260 0342
Email : services@intrasiamanagement.com
Website: www.intrasiamanagement.com