MAURITIUS: Mauritius Regulator Denies Offshore Fund Link, Rejects Hindenburg’s ‘Tax Haven’ Claim

The Financial Services Commission of Mauritius said on Tuesday that the offshore fund involved in the conflict of interest allegations made by Hindenburg Research is not based in Mauritius. The FSC emphasised that it does not allow the creation of shell companies.

The FSC acknowledged the report by Hindenburg Research, published on 10 August 2024, which referred to ‘Mauritius-based shell entities’ and described Mauritius as a ‘tax haven’, according to its statement.

The FSC—which regulates the non-bank financial services sector and global business—further clarified that “IPE Plus Fund” and “IPE Plus Fund 1,” mentioned in the report, are not registered with the FSC and are not domiciled in Mauritius. It also denied any connection between the fund and Mauritius.

The regulator also highlighted that Mauritius has a strict regulatory framework for global business companies, and that the companies must meet ongoing substance requirements under section 71 of the Financial Services Act, which the FSC rigorously monitors.

The FSC also said that Mauritius adheres to international best practices and has been rated as compliant with the standards of the Organisation for Economic Co-operation and Development.

According to a peer review by the OECD Forum on Harmful Tax Practices, the OECD confirmed that Mauritius has no harmful tax features, recognising it as a well-regulated, transparent, and compliant jurisdiction. Therefore, Mauritius cannot be labelled a tax haven, the FSC said.

14 November 2024

GREECE: New Changes to Greece Golden Visa From January 2025

The Ministry of National Economy and Finance introduced a tax bill that contains several changes to the Golden Visa Program, including measures to shift foreigners’ interest from real estate investment

Read More
30 April 2024

PORTUGAL: Portugal’s Shift from Real Estate to Investment Funds for Golden Visa Eligibility

In a significant shift echoing trends seen across Europe, Portugal has recently adjusted the qualifications for its Golden Visa program, moving away from the once popular real estate investment route.

Read More
25 March 2025

EU: Court of Auditors finds simplified customs rules for VAT collection prone to fraud

The European Court of Auditors has found that simplified customs rules for VAT collection are highly vulnerable to abuse. Controls by Member States have serious shortcomings and there is insufficient

Read More
18 October 2025

INDIA: India emerging as global hub for AI, fintech innovation: SC Ventures’ top execs

The top executives of Standard Chartered (SC) Ventures have emphasised that India is becoming a major hub for technology that continues to transform how people live, work, and connect. Speaking to at

Read More