Regulatory Alerts2019-01-01
Financial Services (Global Business Corporations) Rules 2019
The Financial Services Commission of Mauritius issued the 2019 rules to exempt designated resident corporations from mandatory Global Business Licence applications. The regulations carve out pre-2019 entities, post-2018 corporations backed by development institutions or sovereign funds, and locally established trusts and foundations, while mandating a $500 USD processing fee for approval applications. The Commission retains discretion to process licence applications from these exempt categories, and the rules formally classify Global Business Licence holders, Authorised Companies, and pre-October 2017 licence recipients as specified persons under the Financial Services Act.
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