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Foreign Private Equity investing in India through debt provides new opportunities for the Mauritius jurisdiction

12th December 2016

MGI World MGI Worldwide accounting network member Baines Trust and Corporate Services logo

Mauritius members, Baines Trust and Corporate publish a fact sheet explaining why Mauritius offers a definite advantage for Private Equity Funds looking to invest in Listed Debt Securities in India.

Last May, India signed the protocol amending the Double Tax Avoidance Agreement (DTAA) with Mauritius, giving India the right to tax capital gains arising from sale or transfer of shares of an Indian company acquired by a Mauritian tax resident from 1st April 2017. 

Private Equity Investment in India

Earlier, only Mauritius could levy tax on capital gains and since there is no capital gains tax in Mauritius, a large number of foreign entities routed their investments in India through Mauritius. In fact, between April 2000 and December 2015, Mauritius accounted for $93.66 billion or 34% of the total foreign direct investment of $278 billion in India. 

To read the full fact sheet see HERE

MGI Worldwide is a top 20 ranked global accounting network with some 5,000 independent auditors, accountants and tax experts in over 250 locations around the world. Baines Trust and Corporate is one of MGI Worldwide's newest members. 

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