Hon Sudhir Sesungkur, Minister of Financial Services and Good Governance, is presently on a mission to Dubai, Abu Dhabi and Quatar from the 18th to 23rd march 2018.
The objective of this mission is to create visibility for Mauritius as an International Financial Centre (IFC) of excellence and ensure a strong presence by engaging with key potential investors and their intermediaries in the Gulf financial services industry.
The mission is also planned to leverage on the probable fallouts of the recent decision taken by the Gulf Cooperation Council (GCC) countries including Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates to impose VAT on a wide range of their products and services.
It is expected that this decision would lead to an erosion of businesses from GCC countries and as such it would be opportune to position Mauritius for the business wishing to relocate or use the Mauritian jurisdiction for structuring investments, particularly into India, Asia and Sub Saharan Africa.
During this mission, Hon S. Sesungkur will participate in business forums in Dubai, Abu Dhabi and Qatar with key stakeholders in the financial services sector; engage with NASDAQ Dubai and Qatar Stock Exchange for discussions on dual listing; engage with the Qatar Financial Centre Regulatory Authority to discuss areas of collaboration; engage into one to one meetings with key financial operators in the three abovementioned countries and engage in existing leads generated in past missions in Dubai.
Hon Sesungkur will also participate in meetings with prospective players, targeting mainly law firms, asset and fund managers and tax advisors for using Mauritius as a hub for conducing part of their operations.