Mauritius (MU)

Jurisdiction Overview

IDQuestionAnswer
439 *Freeport Owners: Is information on legal and beneficial owners of assets stored in freeports/free trade zones/foreign trade zones/bonded warehouses always registered by a government agency, and sent to respective countries of residence of the owners? Neither legal nor beneficial owners need to be reported in all cases to a domestic government agency (e.g. customs office, a commercial registry, tax administration, central bank or a similar body).
 Data Date: 2019

Notes

 
While free zones and/or bonded warehouses in the jurisdiction have been found to be promoted for the storage of valuable assets, the TJN questionnaire on freeport regulations has not been answered by the Ministry of Finance or the local Financial Intellicence Unit. According to Mauritius Ministry of Finance, "Section 9 (3) of the Freeport Act provides that no person can make an application for a freeport certificate unless the person is a company (or a cooperative society) and is not engaged in any business activity outside the freeport zone" (Email communication with Mauritius Ministry of Finance, January 2020). In addition, there is no indication that information is sent to the country of origin.). While the relevant types of companies are required to register ownership information (see ID[470] for details on legal ownership registration), there are no requirements to update legal ownership for all relevant types of companies (see ID[472]). In addition, there is no indication that information is sent to the country of origin.

Sources

https://www.mra.mu/download/FreeportAct2004.pdf
 
Freeport Act of 2004
 
Email communication with Mauritius Ministry of Finance, January 2020.
 
https://www.financialsecrecyindex.com/PDF/4-Other-Wealth-Ownership.pdf