The Mauritius Jurisdiction was showcased as an International Financial Centre (IFC) of choice and repute at the 2016 China Offshore Summit, which was held in Shanghai on 25th to 27th October 2016.
The 3-days annual Summit brought together over 400 China's HNWIs, investment groups, and corporations, along with financial centres, and international wealth, immigration tax and asset planning advisors and corporate service providers. The Summit, which was attended by senior-level managers and decision-makers, have two full days focused on wealth management and corporate structuring.
The Financial Services Promotion Agency (FSPA), as the Agency mandated by the Government to develop and promote Mauritius as an IFC, was a Sponsor to the Summit, and had a booth in the exhibition area, which has also been put at the disposal of Mauritian corporate service providers attending the Summit. The FSPA’s presence in China is in accordance with the aggressive visibility campaign that the FSPA has embarked for the Mauritius IFC in key and strategic markets.
The Chief Executive of the FSPA, Mr. Harvesh Seegolam, also presented the Mauritius IFC in a prime slot during the Summit. His intervention, which consisted of three limbs, provided the attendees with an in-depth overview of the Mauritius IFC, the role that Mauritius plays for wealth management and headquartering, and articulated the new products which have been recently announced in the Budget.
The Chief Executive also stressed on the fact that Mauritius has been a tested and proven jurisdiction, and on the value, that the jurisdiction adds for Chinese inward and outward investments, for the domiciliation of the international wealth and assets of Chinese high-net worth individuals.
Mr. Akshar Maherally, of International Financial Services (IFS) Mauritius, stated that the “FSPA's initiative is highly opportune as it comes at a time when Chinese investors are actively pursuing cross border transactions. We hope this initiative forms part of a comprehensive and sustained overall strategy to showcase the Mauritian IFC on the Chinese market.”
Mrs Shobna Juwaheer, of Abax Corporate Services, was of the view that “the FSPA is doing a great job in promoting and positioning Mauritius as an International Financial Centre, and the China Offshore Summit has definitely put Mauritius on the map to the international business community. Indeed, the Chinese market presents huge opportunities for the Mauritius IFC as we have the right ecosystem to attract China’s large companies and HNWIs.”