Legal framework - VA Global Business

The Regulator – Financial Services Commission

The Financial Services Commission (FSC) is the regulator in Mauritius for the financial services sector other than banking and global business. Over the years, the FSC has been extremely prudent by adopting best international practices and introducing necessary safeguards in order to prevent misuse of Mauritius as an offshore jurisdiction.

The main statutory objectives of the FSC are:

to ensure orderly administration of the financial services and global business activities;
to ensure sound conduct of business in the financial services sector and the global business sector;
to elaborate policies to ensure fairness, efficiency and transparency of financial and capital markets
to respond to new challenges and to take full advantage of new opportunities for achieving economic sustainability and job creation and study new avenues for development in the financial services sector.

Applications for global business licenses of Global Business Corporations and Authorised Companies are all processed by the FSC and it is only once the FSC has approved an application for a particular License that the company registration is finalized and the relevant Global Business License is then issued. Post licensing, the FSC does monitor the conduct of business activities of its licensees and focus is then laid on aspects like market conduct, Anti-Money Laundering and Combating the Financing of Terrorism requirements, corporate governance principles and international norms and standards.

Our Enabling Law

There are many legal provisions governing the setting-up and operation of a global business company in Mauritius:

Companies Act 2001 – Company law which applies for all companies in Mauritius, including those operating with a global business license.
Financial Services Act 2007 – Framework for licensing and supervision of all financial services other than banking, including the global business sector.
Securities Act 2005 –Framework regulating the securities market so as to keep abreast of international best practice and standards.
Trust Act 2001 – Framework regulating and allowing for the creation of different types of trusts, which may be set up by residents and non-residents.
Other Legal Provisions
1. Non-Citizens (Property restriction) Act 1975
2. The Protected Cell Companies Act 1999
3. The Financial Intelligence and Anti-Money Laundering Act 2002
4. The Prevention of Terrorism Act 2002
5. The Prevention of Corruption Act 2002
6. The Insurance Act 2005
7. Insolvency Act 2009
8. The Limited Partnership Act 2011
9. Foundations Act 2012
10. Foreign Account Tax Compliance Act (FATCA) Reporting – Guidance Notes 2015 issued by the Mauritius Revenue Authority
11. Common Reporting Standard (CRS) Reporting – Guidance Notes 2016 issued by the Mauritius Revenue Authority

To download the documents updated to date, please go to the official government portal of Mauritius.

Blueprints of success: what clients say about us

We would like to thank the team at VA Global Ltd for providing exceptional service to Blessov Ltd Mauritius since 2012. Your personal commitment to meet our demands and accuracy continuously exceeds our expectations. You have become a trusted resource from the moment you registered our company and began to handle our company accountancy . Your enthusiasm for the dedication in providing Blessov with timely and efficient solutions made the decision to continue year after year with VA Global. The key factors for choosing to work with VA Global is your in depth knowledge , dedication to fulfil our requirements as well as your ability to supply Blessov Ltd with day to day information . Throughout the years we have learnt to appreciate your high level of service you repeatedly provide. I would like to specifically thank you for the extraordinary service that you provide every time we need. We Blessov Ltd are very satisfied and happy to be your client and are looking forward to a long-lasting relationship.

Blessov Ltd

In 2015 we created our company Austral Technical Management in Port Louis - Mauritius. All the process was successfully handled by VA Global, with the so efficient leadership of Vidya Ramanah and her team. Even in the more complicated moments they have been at all times extremely serviceable and kind. Their advice was always accurate and wise.

Austral Technical Management

Having worked tightly and in various occasions with VA Group for several years, we can confirm that our experience was always amazing and up to SFM expectations.

SFM Corporate Services

Our experience for the past eight years with VA Global Limited as a management company institution has been excellent. Their resolution to issues are expeditious and their responses are quick.

Dunitek Limited

Our Company ICOM Ltd providing offshore manpower and catering services working with VA Global Business Ltd for many years. We are very satisfied with the quality of services of VA Global providing to our International business. With no hesitation we recommend VA Global

ICOM Ltd

It’s a very delightful and an excellent experience to work with VA Global. Staff is commendable, proactive, skillful and have complete knowledge of the subject matter. They work as a partner which is excellent

Innovis Telecom Services Ltd

We have been collaborating with your firm for a number of years and our experience has been most positive from the very beginning. The advice we received was essential and timely. The level of services was professional. Keep on doing great job!

Privacy Unlimited Ltd

We, BBC Incorp, have such a great experience in working with VA Global Limited. The entire staff is amazing as always fast in response and very knowledgeable to answer our questions in an easy way to understand as well as handle any issues with professionalism. We really appreciated all of the support and will continue using your company service whenever we need. Thank you for your hard work and great performance.

BBCIncorp

VA Global as a management company in Mauritius stands out and our experience has been excellent with them.  They have expertise in helping any new client in incorporating a new company, open bank accounts, legal documentation, making financial summaries and accounts. We have been associated with them for more than a year now.

Quramax Holding

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