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Mauritius, the island nation that is located in the Indian Ocean, has fast emerged as a hot spot of financial activities with numerous individuals and companies, especially those who function out of surrounding countries, choosing it to open offshore bank accounts in.

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This is truly remarkable for a country that became a republic only in 1992 and now is a part of the Commonwealth. The reason for this rapid growth has been the government’s insistence on a strong focus on foreign investment and as a result, today Mauritius boasts of more than 10,000 offshore companies registered there. The banking sector itself has generated more than a billion dollars so far with a major contributor being foreign investors.

As with most other offshore banking location, it is the ease of access and reliability of the said operation in Mauritius that has lead to this banking boom. The banks over there, like the Hong Kong Bank Mauritius maintain stern security standards, and allow its customers the benefits of privacy and practice strict non disclosure of its customer’s tax information.

There are a lot of benefits to opening a bank account in a jurisdiction like Mauritius. From low to zero taxes for non residents, a red tape-less culture and ease of operation, no exchange monitoring and a much larger freedom to move capital around. There is little to none restrictive banking legislation along with a stable yet flexible political system coupled with economic stability in the region.

For those who value their privacy, Mauritius has no tax information exchange treaties with countries that tax their residents at a higher rate and owing to its past history of occupation, they have people who speak English, French, German and even Portuguese. As you can see, there were optimal conditions already in place for Mauritius to act as a tax haven for the rich and the famous.

hong-kong-bank-mauritius-1.jpg

Hong Kong Bank Mauritius
Hong Kong Bank Mauritius or HSBC bank’s operation in the island country is one of the most stable as well competitive one in place. The bank’s operation in Mauritius allows customers to open high yielding personal as well as business accounts in all major currencies, with interest rates in a tiered structure that are adjusted based on economic conditions periodically. The best part is that the interest rate you earn on them is not subjected to any sort of a withholding tax.

The huge range of facilities and services that the HSBC Mauritius provides to their customers are perfect for both the needs of individuals and trading companies and range from capital finance to cross border loans, short term and long
term.

Other services include personal banking, clearing services, trade finance, electronic banking, cash management, corporate and investment banking, foreign exchange treasury and securities custody among others.

When you are opening an account with HSBC Mauritius, you are essentially getting the advantage of a stable and non restrictive banking system with state of the art electronic access to it. What’s not to like about it?
 

Admin

Forum Moderator
Staff member
Elite Member
Did someone had luck to open an account with HSBC remote in Mauritius? If so it may be the door to get an account there in HK without personal visit.
Interesting question but I don't believe it to be that easy.
 

dotbloup

Offshore Agent
BANNED MEMBER
Dear admin,
I hope you will consider Company incorporation in Mauritius. They have created 2 types of companies GBC 1 (local) and GBC 2 (offshore). This jurisdiction is not considered to be a tax haven in Europe. There are double tax treaty with mauritius but what is great about mauritius is that if you incorporate a gbc2 you are out of the scope of the double tax treat data exchange. Also gbc2 means that your company is automatically exempt of corporate tax. There is no exemption to file. There is no need to hire an auditor. It is only required to provide a yearly financial report. Except that there is no Tax return. Furthermore, it is better than Belize because Paypal accepts that paypal merchant accounts from mauritius transfer their money to their prepaid card wherever the prepaid card comes from.
The criminal law of mauritius is dated from the 19th century and there is a lot of freedom compared to many Caribbean islands.
 

DeepDrilling

Active Member
For people that live in Hong Kong and already have an banking relationship there it must be of an benefit to have a HK bank in Mauritius if the idea is to incorporate a business there!
 

dirtyharry

Mentor Group Gold
but that may also be the only reason for why they are in Mauritius. I read that they have huge troubles in China with the banking system so many of the rich Chinese people bank offshore!
 

bastard

Active Member
I have been reading about Hong Kong and Mauritius banking in my research. As far as I can see it is not possible to open an account at any bank at any of these jurisdiction without personal visit! Does this change if you libe in Hong Kong and want to open an account in Mauritius with HK bank ?
 
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