The international fund services provider has been granted a licence by the Financial Services Commission to provide its services from the island.
It has opened a new office there which will focus on establishing and servicing Mauritius global business companies, funds, listings of securities on the Stock Exchange of Mauritius and private client structuring.
JTC said it was attracted to Mauritius as a result of its close proximity to Africa, its time zone, and its extensive range of double tax agreements.
“Mauritius has become a desirable location from which to do international business particularly into Africa and India,” it said. “[It] has a modern legislative regime for establishing funds, companies, limited partnerships, trusts and foundations.
“Consequently, it is a jurisdiction commonly used for investment structuring into Asia and Africa recognised by both fund managers and investors.”
JTC’s existing Africa team has been working with clients in the natural resources sector.
Philip Burgin, group head of client services, said: “[Mauritius] is seen as Africa’s financial offshore centre and, according to the Economist Intelligence Unit, Sub Saharan Africa will continue to be one of the fastest growing regions in the world.”
JTC has existing offices in Argentina, Brazil, the British Virgin Islands, Cayman Islands, Guernsey, Jersey, Luxembourg, New Zealand, Switzerland, and the UK.
Last September, JTC appointed Philip Burgin as the head of its London office, as part of its plan to bolster its UK presence.
