Mauritius: Finance and Banking

Did you know that a Founder may sit on the Foundation Council and continue to play an active role in decisions relating to the assets held by the Foundation?

Mauritius has issued comprehensive guidance notes on stablecoins, marking a significant tightening of its regulatory framework three years after initial consultation. The new rules prohibit algorithmic and yield-bearing models, mandate redemption at par value within five days, and introduce dual oversight with the Bank of Mauritius for certain arrangements.

A Mauritius Global Treasury Activities Licence allows multinational groups to centralise treasury operations such as cash management, group financing, foreign exchange risk and liquidity management in one jurisdiction. For businesses operating across Africa, it can improve financial oversight, strengthen governance, simplify banking relationships and, where conditions are met, provide valuable tax incentives.

The Mauritius fund industry demonstrated significant resilience and adaptability in 2025, successfully navigating a complex period of global tax reform and heightened regulatory standards. The year was defined by the integration of the 2025 Finance Act’s new tax framework (including the Qualified Domestic Minimum Top-Up Tax, or QDMTT) and a reinforced focus on economic substance, such as the two resident director rule for global business companies (GBCs).

Mauritius, as an International Financial Centre, facilitates the setting up of Collective Investment Schemes (open-ended funds), Variable Capital Companies and Closed-End Funds...

Success doesn't happen by chance, it is built on the right foundations. At Axis, fund administration is more than just ticking operational boxes—it is about being a trusted partner to fund managers at every stage of the journey.