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Seychelles
Despite OECD downgrade, the tax haven wants to outshine Mauritius

Despite being downgraded by the OECD in its latest peer review report on April 6, the offshore financial centre Seychelles is making strides by banking on new financial technologies. The country wants to outshine neighbouring Mauritius, which for its part, is in the OECD's good books. [...]

Published on 22/04/2020 at 06:00 GMT Reading time 3 minutes

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Finance, Business

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European Union
Financial Services Authority
GMEX
Hirander Misra
OECD
Pool & Patel
Suketu Patel

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Like its Mauritian neighbour, the Seychelles is striving to placate international institutions like the OECD and EU while at the same time preserving its offshore appeal. The latest hurdle to negotiate is the introduction in May of a register of offshore company beneficiaries.

Subscribers only Finance, Business 23.04.2021

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Seychelles
Seychelles flushes out fakes to please OECD

The development of the Seychelles financial centre has become a windfall for operators that use false certificates to cover their tracks. Reliant on international institutions' blessing of its financial sector, the government was recently scolded over this by an OECD peer review.

Subscribers only Finance, Business 16.12.2020

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Russian oligarch Yuri Gushchin sows luxury hotel discord

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City of London spreads net in Africa as Brexit looms

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Angola, UAE
Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Sheikh Hamad Al Nahyan has become the new business partner of Angolan financier and ex-minister's son N'Gunu Tiny.

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Madagascar
IBL to open offshore financial services branch in Madagascar

In the next few months, DTOS, one of the financial services offshoots of the Mauritian conglomerate IBL, will set up shop in Madagascar, where it already manages Filatex's financial structure.

Subscribers only Finance, Business 18.03.2020

Kenya
Centum Investment set to reap benefits of Kenya-Mauritius tax treaty

The new treaty will allow the Kenyan state-affiliated fund to send profits to its subsidiaries in lower-taxed Mauritius.

Subscribers only Finance, Business 11.03.2020

Mauritius
IFC turns to Axis Fiduciary and IQ EQ to run its offshore companies

The private-sector finance arm of the World Bank Group has set up numerous companies in Mauritius over recent years. Managed by Axis Fiduciary and IQ EQ Fund Services, these firms manage projects not only in Africa but also in Asia and Latin America.

Subscribers only Finance, Business 04.03.2020

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The Tunisian private equity firm is preparing to launch a new fund, AfricInvest Fund IV. To create it, the company has registered two new offshore companies in Mauritius, supplementing the score of firms it already owns there.

Subscribers only Finance, Business 26.02.2020

Mauritius
OECD tax avoidance convention will barely affect offshore finance

The international instrument, designed to limit base erosion and profit shifting, will come into force in Mauritius on February 1. Negotiated by the government and accommodating the interests of offshore finance, it will allow the island nation to leave official tax haven list.

Subscribers only Finance, Politics 29.01.2020

On our other sites

Avisa to polish Mauritius' reputation in Europe

Strategic communications agency Avisa Partners has emerged victorious from a hard-won battle for a lobbying contract with the offshore financial centre.

Subscribers only Corporate Intelligence Intelligence Online 28.05.2020

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European Union
Financial Services Authority
GMEX
Hirander Misra
OECD
Pool & Patel
Suketu Patel

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Seychelles
Despite OECD downgrade, the tax haven wants to outshine Mauritius

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Seychelles Despite OECD downgrade, the tax haven wants to outshine Mauritius

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Seychelles Register of beneficiaries threatens to blow lid on trust company ownership

Seychelles Victoria strives to please EU and OECD over tax transparency

Seychelles Seychelles flushes out fakes to please OECD

Spotlight | Russia, Seychelles Russian oligarch Yuri Gushchin sows luxury hotel discord

Spotlight | Africa, United Kingdom City of London spreads net in Africa as Brexit looms

Angola, UAE Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Madagascar IBL to open offshore financial services branch in Madagascar

Kenya Centum Investment set to reap benefits of Kenya-Mauritius tax treaty

Mauritius IFC turns to Axis Fiduciary and IQ EQ to run its offshore companies

Mauritius AfricInvest set to open new $500m fund and two offshore companies

Mauritius OECD tax avoidance convention will barely affect offshore finance

Avisa to polish Mauritius' reputation in Europe

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Seychelles
Despite OECD downgrade, the tax haven wants to outshine Mauritius

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Seychelles
Victoria strives to please EU and OECD over tax transparency

Seychelles
Seychelles flushes out fakes to please OECD

Spotlight | Russia, Seychelles
Russian oligarch Yuri Gushchin sows luxury hotel discord

Spotlight | Africa, United Kingdom
City of London spreads net in Africa as Brexit looms

Angola, UAE
Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Madagascar
IBL to open offshore financial services branch in Madagascar

Kenya
Centum Investment set to reap benefits of Kenya-Mauritius tax treaty

Mauritius
IFC turns to Axis Fiduciary and IQ EQ to run its offshore companies

Mauritius
AfricInvest set to open new $500m fund and two offshore companies

Mauritius
OECD tax avoidance convention will barely affect offshore finance