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.