Brought to you by: Monaco Life
The well-known multi-family office (MFO) and corporate services provider, Rosemont International, with its headquarters in Monaco, has opened an office in the Indian Ocean country of Mauritius, which has become an important base for investors targeting Asian countries.
Although Mauritius has a population of just 1.3 million, the island state was the largest foreign investor in India in 2016, accounting for “21 percent of the total invested in that country from outside of it last year”.
Rosemont’s new outpost will be known as Rosemont Management (Mauritius) Ltd, and its head will be Douglas Peters. Rosemont said it will offer “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.”
Rosemont offers yachting management plus more traditional wealth management services including tax and estate planning.
Rosemont International also has offices in Hong Kong, Singapore and Vietnam.
Parents of the newly opened school in Cap d’Ail are not particularly pleased with the mayor’s proposed plan to rename it after slain teacher Samuel Paty.
Ferrari teammates Sebastian Vettel and Charles Leclerc nearly collided at the Bahrain Grand Prix and Vettel was clearly none too pleased with the Monegasque’s moves.
Remote working for cross-border employees was the hot topic of discussion between the Monaco government and Italy’s new Ambassador in Monaco Giulio Alaimo this week.
The National Council has passed a long-awaited bill allowing the SBM to chase bad debts incurred at its casinos – a move which could already put millions back into its coffers.