JTC extends its global reach further with a licence to operate in Mauritius
JTC (Mauritius) Limited has recently been granted a licence by the Financial Services Commission to provide their suite of corporate, fund and private client services from Mauritius.
As a result of its geographic location close to Africa, time zone and extensive range of double tax agreements, Mauritius has become a desirable location from which to do international business particularly into Africa and India. Mauritius has a modern legislative regime for establishing funds, companies, limited partnerships, trusts and foundations. Consequently, it is a jurisdiction commonly used for investment structuring into Asia and Africa recognised by both fund managers and investors.
The Mauritius office will build on JTC’s existing fund, corporate and trust services for private and institutional clients. The office will focus on establishing and servicing Mauritius Global Business Companies, funds, listings of securities on the Stock Exchange of Mauritius and private client structuring.
JTC has a dedicated Africa team who have been working with clients and their advisors in East, West and Southern Africa for over 25 years, during which time it has advised multiple client structures ranging from funds to private trusts.
JTC has significant experience working with clients in the natural resources sector and a Corporate Services team who focus on the provision of bespoke administration services including investment holding vehicles, joint ventures, investment funds and employee and executive incentive services.
Philip Burgin, Group Head of Client Services commented:
‘Obtaining this licence and investing into Mauritius reinforces our commitment to providing our clients and investors with a truly international service. Many of our clients are based in Africa and have shown a keen interest in Mauritius as a service centre. We are now able to fully meet their requirements.’
‘Mauritius is an exciting and necessary addition to our global footprint. It is seen as Africa’s financial offshore centre and according to the Economist Intelligence Unit (1) Sub Saharan Africa will continue to be one of the fastest growing regions in the world and well above the average, so it makes perfect sense for us to open an office there.’
JTC is able to provide a global service to clients via its network of local offices in Argentina, Brazil, British Virgin Islands, Cayman Islands, Guernsey, Jersey, Luxembourg, Mauritius, New Zealand, Switzerland and the UK, as well as USA representative offices in Miami and New York, and alliance offices in Hong Kong, Labuan, Malaysia, Malta and Singapore.