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28 September 2021

The Economic Development Board Of Mauritius ("EDB") Responds To The Article Published On BusinessTech Entitled: "Bad News For South Africans With Cash Stashed In Mauritius"

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AXIS Fiduciary Ltd

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Axis Fiduciary Ltd (“Axis”) is a specialist service provider offering a full spectrum of corporate, fiduciary and fund services to a diversified client base. We set up companies, trusts, funds, foundations, partnerships and other legal entities and provide the necessary fiduciary, corporate, secretarial, administration, accounting, tax and other ancillary and support services. Axis is licensed by the Financial Services Commission of Mauritius as a Management Company. We also has a presence in Seychelles
The Economic Development Board of Mauritius ("EDB") responds to the article published on BusinessTech entitled: "Bad news for South Africans with cash stashed in Mauritius" to provide clarity
Mauritius Government, Public Sector

The Economic Development Board of Mauritius ("EDB") responds to the article published on BusinessTech entitled: "Bad news for South Africans with cash stashed in Mauritius" to provide clarity over taxation of foreign investments.

The EDB states that the article is not factually and technically accurate and does not take into account the current state of the legislation and amendments as enacted, hence, it may cause confusion amongst readers.

You may access the full article here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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