Global Treasury Activities

Activities

Global Treasury Activities (GTA) licences are issued to companies which provide 3 of the following services to at least 3 related corporations:

•Arrangement for credit facilities, including credit facilities with funds obtained from financial institutions in Mauritius or from surpluses of network companies

•Arrangement for derivatives

•Corporate finance advisory

•Credit administration and control

•Factoring, forfeiting and re-invoicing activities

•Guarantees, performance bonds, standby letters of credit and services relating to remittances

•Management of funds for designated investments

Tax Holiday

GTA licensees are eligible to a Tax Holiday of 5 years subject to meeting the following criteria:

•substance requirements to be satisfied by the licensees

•employ four professionals with at least one at managerial position and incur annual expenditure of MUR 2 million

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Services

Ashton Financial Partners will assist in the application for the licence and provide ongoing  administration and back office services.