Minerva Maurice: Let's Shyest, this Country is a "Hub Tax"

The terms "fiscal hub," especially in times of crisis, repel. Consonance is clear and unequivocal: we think "ill-gained money", "escape". And authorities are sometimes 'shy' to say the idea of Mauritius as a "hub tax". This is the opinion of Taposeea Kamal, a director of Minerva Fiduciary Services Limited (Minerva Mauritius) - firm offering multiple services such as Trust, support corporate and fund administration, law, accounting, banking and investment services - which is in Mauritius since September 1996. At the international level, the Minerva Group is present in all major financial centers of the world: Jersey, London, Geneva, Dubai, Netherlands and Singapore, among others. The Mauritian went to meet Vipin Shah (Group President), Brian Lee (Managing Director) and Manon Thamothiram (other director Maurice Minerva).

Brian Lee, who is based in Jersey, also designs a pejorative is associated with the idea of ??a tax haven Mauritius. "Many tax hubs are not in tune with international regulations. "Do not exclude: bullies and thugs. However, it would not be fair to equate taxation and "dirty money". "It is a méconception" says Taposeea. "You can be clean and it is also the case of Mauritius. '

Thus, "when it comes to taxes, we should be talking about tax efficiency," says Lee. Structural efficiency for these capabilities, efficiency in terms of legal framework for all deployed in the country. Mr. Taposeea cites our "little more" is the hybrid nature of the proposed framework: the subtle mix of Common Law and French Civil Law, the double taxation agreements, agreements between governments (G-to-G) COMESA, SADC, to provide any security or guarantees versatility.

Moreover, we intend that the financial sector contributes 5% of gross domestic product (GDP) can be evaluated in monetary terms the Mauritian legal framework? "It is a real asset," says Mr. Taposeea. It does not strive to give figures.

Africa

Subject inevitable any opening to Africa? Sometimes projected as a paradise, sometimes criticized for its lack of stability. Minerva is part of the first movement and expressed his ambition to act as a springboard between India and Africa. And reused Pan argument: "What a contrast with Europe's slump, says Vipin Shah, Africa is refreshing. "Mr. Taposeea continues:" You can criticize democracy, but it happens in Africa and it opens doors that we know. Evidence: the lack of coverage of elections in Malawi, Ethiopia and Ghana, which implies a certain calm. Kenya - we are also based in Nairobi - it is only the fourth change of government since the 60s. It really is in continuity. '

But more importantly, what transpires from the meeting is that the island can not remain on the sidelines while huge investments flood Saharan Africa ("where it's all happening") and General Electronics majors such, s 'settle. It would be a playing card. Especially from the point of view of geopolitics, "Europe and the United Kingdom have long neglected Africa." Another indicator of China's interest in Africa that does not deny or "the need for Mauritius to diversify partnerships." Of course, if one can not be shy about our fiscal position led.

Minerva is an independent international group, "very client-centric, with a great family dynamic cultural perspective" and manages assets worth over USD 15 billion. The group employs 150 people worldwide. Minerva (Mauritius) is the second largest industry.