THE BEST SOLUTIONS FOR OUR CLIENTS
The Mauritius Administration and Trust Company (“MATCO”) is a leading Management Company based in Mauritius that provides a bespoke blend of wealth, fiduciary and structuring solutions to both individual and corporate clients. We also understand the requirements of professional intermediaries who need a partner that can deliver a range of offshore management services to complement their own.
Established in 2005 and fully regulated by the Mauritius Financial Services Commission, MATCO has an innovative and entrepreneurial approach to the administration and trusteeship involved in financial services. As an independent service provider, we align ourselves completely with our clients’ interests, ensuring that any advice given is both impartial and objective.
MATCO’s state-of-the-art computerisation system is second to none and ensures a proficient outcome for clients and their businesses. We place a strong emphasis on personal contact to ensure that the service we deliver is both individual and appropriate. We also understand the requirements of professional intermediaries, whether they be lawyers, financial advisers or tax specialists.
Through its combination of stature and tradition, together with a contemporary view of clients’ requirements, MATCO has developed a strong and credible reputation. We build mutual trust and confidence with our clients through listening and understanding their needs.
This is the core of everything we do.
Mauritius has established itself as a credible, safe and well-managed jurisdiction for the conduct of cross-border business and investment. It has consistently embraced the highest standards of international best and sound regulatory practices to be amongst the most open and competitive tax economies in the world. Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes, the Base Erosion and Profit Shifting project and the Common Reporting Standard. Mauritius is also a member of the Eastern and Southern Africa Anti-Money Laundering Group to implement the Financial Action Task Force’s (FATF) recommendations.
The Mauritian economy’s impressive progress hinges on a sound and transparent legal framework. The competitive tax regime and an efficient regulatory environment have also encouraged broad-based and diversified economic development.Strategically located in the Indian Ocean at the crossroads of international investments, Mauritius has forged a strong reputation and continues to strive as a premier international financial centre.
Mauritius is constantly innovating to keep at pace and maintain its competitive edge. With new legislation and regulations, Mauritius has expanded the scope and depth of services that it offers, which has resulted in a financial services industry that has quickly matured, with international banking institutions, insurance companies, investment companies, venture capital companies, fund managers, money changers and leasing companies establishing their presence in Mauritius.
During the last decade, the Financial Services Commission, which is the integrated regulator for non-banking financial institutions and global business, has issued a number of regulations, rules and guidelines and a new licensing framework to reinforce its business-friendly approach to regulation by streamlining the licensing process within a well-defined and consolidated framework.
Mauritius also practises a policy of transparency and exchange of information and has always promoted a model for its jurisdiction based on substance. Mauritius is the first African country to have signed to the Intergovernmental Agreement with the United States for the implementation of the Foreign Accounts Tax Compliance Act (FATCA). It is also a member of the Early Adopters Group committed to the early implementation of the Common Reporting Standard (CRS) on the automatic exchange of financial account information developed by the Organization for Economic Cooperation and Development (OECD).
Mauritius has joined the Inclusive Framework to implement the recommendations on Base Erosion and Profit Shifting (BEPS) set out by the OECD and has also implemented the new initiative on exchange of beneficial ownership information.
Mauritius has adopted a friendly and homogenized system of taxation. The fiscal regime is underpinned by a transparent system, which provides a level playing field and a competitive tax bracket for businesses and individuals.
In order to enhance its transparency and collaboration framework, the country has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, developed by the OECD. Moreover, the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes has rated Mauritius as a ‘Largely Compliant’ jurisdiction – a rating which equals that obtained by developed economies such as the United States of America, the United Kingdom and Germany.
It also remains an active member of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), the purpose of which is to combat money laundering in Eastern and Southern Africa by implementing the FATF recommendations.
Mauritius has concluded over 40 tax treaties and additional treaties are under negotiation.
To date, Mauritius has concluded 43 tax treaties with developed and emerging economies worldwide. It offers a wide range of fiscal benefits and enables efficient tax planning. The island nation is an ideal jurisdiction for global business.
Treaties signed: Australia, Barbados, Belgium, Botswana, Cabo Verde, Congo, Croatia, Cyprus, Egypt, France, Germany, Ghana, Guernsey, India, Italy, Jersey, Kuwait, Lesotho, Luxembourg, Madagascar, Malaysia, Malta, Monaco, Mozambique, Namibia, Nepal, Oman, Pakistan, People’s Republic of Bangladesh, People’s Republic of China, Rwanda, Seychelles, Singapore, Sri Lanka, South Africa, State of Qatar, Swaziland, Sweden, Thailand, Tunisia, Uganda, United Arab Emirates, United Kingdom, Zimbabwe.
6 treaties await ratification: Gabon, Comoros Islands, Kenya, Morocco, Nigeria and Russia
6 treaties await signature: Côte d’Ivoire, Estonia, Gibraltar, Malawi, Gambia and The Republic of Angola
21 treaties being negotiated: Algeria, Burkina Faso, Canada, Czech Republic, Greece, Hong Kong, Lesotho (New), Montenegro, North Sudan, Portugal, Republic of Iran, Saudi Arabia, Senegal (New), Spain, St. Kitts & Nevis, Tanzania, Vietnam, Yemen, Zambia (new), Mali and Republic of Turkey (new)
Mauritius signed Investment Promotion and Protection Agreements (IPPAs) with a number of countries on the African continent. IPPAs are international bilateral agreements between countries that aim at protecting and promoting the interests of investors in the country where the investment is being made. Mauritius has established those agreements with the objective of protecting and encouraging investments made by Mauritian companies overseas.
Mauritius offers protection of foreign investments in key African nations through its network of IPPAs. The IPPAs also provide arrangements for settlement of disputes between investors and the contracting states.
IPPAs signed: Barbados, Belgium/Luxemburg Economic Union, Burundi, Czech Republic, Egypt, Finland, France, Germany, India, Indonesia, Kuwait, Madagascar, Mozambique, Pakistan, People’s Republic of China, Portugal, Republic of Congo, Republic of Korea, Romania, Senegal, Singapore, South Africa, Sweden, Switzerland, Tanzania, Turkey, United Kingdom and Northern Ireland
IPPAs awaiting ratification: Benin, Cameroon, Comoros, Côte d’Ivoire, Gabon, Ghana, Guinea Republic, Kenya, Mauritania, Nepal, Rwanda, Swaziland, Chad, Zimbabwe, Sao Tome and Principe, United Arab Emirates
