Mauritius | Finances

April 15, 2013

Platform for Cooperation Between Mauritius and Monaco

This is the 43rd time that Mauritius signed an agreement to avoid double taxation. To the Minister of Finance, Xavier-Luc Duval, this agreement with the Principality of Monaco will increase the visibility of the island as a financial center in Europe.

Not without liberal and very useful for those who want to use Mauritius and Monaco as financial centers.

Negotiations for the signing of the Double Taxation Avoidance Convention (DTAC) were concluded in March. And that it is Sunday Finance Minister Xavier-Luc Duval, and the Minister of Foreign Affairs of Monaco Jose Badia, proceeded to the signing of this agreement in Port-Louis. "What matters is that Mauritius is the sixth country to sign an agreement with Monaco. We are among the first signatories. Financial operators will benefit from many advantages, while enjoying financial products, "says Xavier-Luc Duval.

Though Mauritius has signed 42 agreements to date (Monaco is the 43rd), only 37 agreements to avoid double taxation in force. To the Minister of Finance, this agreement will strengthen ties between the two countries. "With enough activities nearby, Mauritius has much to gain from the principality of Monaco. We must take advantage of these exchanges, "said he.

Minister from Monaco Jose Badia, the purpose of this Agreement is non-double taxation to promote economic exchanges. "Mauritius and Monaco have many affinities. This financial agreement is important because it will help to establish a framework for cooperation between the two countries, according to a principle of exchange. We will draw up a non-exhaustive list of points of interest, "said José Badia. This will be the basis for developing cooperative arrangements, or the creation of a bilateral commission Maurice Monaco.

 

 

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