Categories:Europe

Cruising in the Med

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  • Cyprus cant rival Mauritius because Mauritius has more legal expertise for funds, Mauritian speak Hindi plus Bollywood likes them !, Mauritius is the only country that has unique double tax treaties with Africa. Can Cyprus rival Mauritius to penetrate Africa? Of course not. Cyprus needs to train their lawyers on investment funds because their service is quite appalling.

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  • Both Mauritius and Cyprus are tax havens and despite their efforts will not last once the new Indian income tax code is introduced. Investors will have to look for on-shore jurisidctions.

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  • Barry I think you do not quite understand the direct tax code. Under the code Investors will gain capital gains tax exemption only through double tax treaties investment not via the so called onshore jurisdiction. Perhaps you can pay more attention next time.

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