Valsen Corporate

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Mauritius taken off the EU AML list of high-risk third countries

Mauritius taken off the EU AML list of high-risk third countries Following the conclusion of the Financial Action Task Force (FATF) Plenary of October 2021 on the 21st of the same month, Marcus Pleyer, the President of FATF, announced that Mauritius has been removed from the organisation’s grey list. This follows the successful onsite visit by the […]

Mauritius Special Purpose Fund

FSC: Unveiling of the new Mauritius Special Purpose Fund

FSC: Unveiling of the new Mauritius Special Purpose Fund The Ministry of Financial Services and Good Governance in association with the Financial Services Commission (FSC) has launched the New Special Purpose Fund (SPF) on 09 June 2021 at the FSC House.  Mauritius has developed and positioned itself as being a global financial center of excellence. […]

An Offshore Investment Paradise – Cayman Islands

An Offshore Investment Paradise – Cayman Islands

An Offshore Investment Paradise – Cayman Islands The Cayman Islands is a prominent offshore investment jurisdiction for hedge funds.  Cayman’s exceptional image comes mostly from the island’s highly competent and business-friendly financial institutions, which operate closely with the government. They work together to ensure that the island maintains a transparent and efficient financial system.   The Cayman Islands is home to some of the world’s largest […]

Changes to the UAE Foreign Ownership Laws

Changes to the UAE Foreign Ownership Laws

Changes to the UAE Foreign Ownership Laws The UAE Cabinet of Ministers passed Law No. 26 of 2020 (the Amendment) in September 2020, amending some articles of the UAE Companies Law No. 2 of 2015. (the Companies Law).  The changes to the UAE foreign ownership laws include changing the long-held restrictions on foreign ownership, which prevent […]