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The Global Business sector is currently undergoing a major reform in a bid to enhance the competitiveness and transparency of Mauritius as a financial centre and its adherence to globally accepted standards.
One of the measures stemming from the Budget Speech 2018-2019, through the recent enactment of the Finance (Miscellaneous Provisions) Act 2018 (the “Finance Act 2018”), is the phasing out of the Category 2 Global Business Companies (“GBC 2”) regime. There is now a new type of company known as the “Authorised Company”.
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http://intercontinentaltrust.com/wp-content/uploads/2018/11/ITL-Newsletter-Oct-2018-New-Rules-Authorised-Companies.pdf
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