It emerged this week that Investec Trust (part of the Investec Group) will be establishing an operation in Mauritius.
According to reports, the office will offer a number of services to international clients, including the formation and administration of trusts, and the creation of both tax resident and non-tax resident Mauritan companies. However, it will also specialise in the development of financial planning opportunities in South Africa.
Speaking this week, CEO of Investec Trust, Robert Clifford announced that:
"Mauritius is an ideal location: not only is it positioned in a favourable time zone between Europe and Asia, but it also offers stability and beneficial local tax rules within a framework of structured yet transparent regulation."
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