Monaco’s Rosemont opens office in Mauritius
Rosemont International, a multi-family office and high-end corporate services provider based in Monaco, has opened an office in Ebene, Mauritius.
Rosemont says its new office, headed up by Douglas Peters, will provide “a full range of Mauritius company and foundation formation, corporate structuring and administrative services to clients located principally in Africa, but also in the Middle East, Europe and Asia, if and when appropriate”.
Founded in 1981, Rosemont specialises in providing the kinds of services that people and businesses located in Monaco tend to need – including help with their yachts, as well as with tax and estate planning, philanthropy planning and succession planning – and its multi-lingual staff includes lawyers, accountants, notaries and tax experts certified in various key jurisdictions.
The new business is known as Rosemont Management (Mauritius) Ltd, and it joins a list of other Rosemont International outposts under the Rosemont name in Hong Kong, Singapore and Vietnam. Rosemont affiliates, under the Rosebank and Genfin names, are located in the British Virgin Islands, Cayman Islands and UK, according to the Rosemont Monaco website.
As reported here in February, Mauritius, which is located in a remote stretch of the Indian Ocean, some 900km east of Madagascar, has found success in recent years as a launchpad for businesses keen to invest in India and Africa.
A trading and shipping hub since the 19th century, the palm-fringed outcropping of 1.3 million people recently achieved the distinction of being the largest supplier of foreign direct investment (FDI) into India, after it contributed 21% of the total invested in that country from outside of it last year.
Last week it was revealed to have moved up to 71st place in the twice-yearly Global Financial Centres Index, from 79th place in September.