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Mauritius: Variable capital companies – another step towards enhancing the Mauritius international financial centre

The concept of variable capital companies (VCCs) was first introduced by the Minister of Finance in his budget speech for the period 2020 to 2021. The Minister discussed the need to enhance the competitiveness of the financial services sector by introducing new vehicles such as the VCC. The Variable Capital Companies Act (Act) was passed by the National Assembly on 12 April 2022 and received the President’s assent on 14 April 2022. The Act is to come in force on a date to be fixed by procl...
Financial Services Commission National Assembly Registrar Of Companies Mauritius Cell Companies Companies Act Of Mauritius Capital Companies Act

Sen. Hyde-Smith questions Treasury Department on community investment program

U.S. Senator Cindy Hyde-Smith questioned the Biden Administration's actions that could impact a very popular program used to spur investments in Mississippi, particularly economically-distressed areas. Their actions could also add new regulatory burdens on small businesses. The questioning took pla
United States Cindy Hyde Smith Wally Adeyemo Treasury Office Of Terrorism Revenue Service Senate Financial Services

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