Mauritius, a strategic offshore option for family-owned businesses

Standard Bank’s offshore capabilities have traditionally been accessible primarily to its large Corporate and Investment Banking (CIB) clients – but that has changed.

Family-owned businesses are increasingly seeking offshore banking solutions that offer wealth preservation, currency risk management, and access to global markets.

By establishing a presence in Mauritius, businesses of all sizes can now benefit from a stable and favourable environment for international finance.

The island is a globally respected financial hub known for its strong regulatory framework and strategic trade agreements.

“Family-owned businesses are the backbone of our continent’s economy, and they need access to the same financial instruments that larger corporations have benefitted from for years,” says Simone Cooper, head of Standard Bank Business and Commercial Banking (BCB) South Africa.

“By extending our Mauritius offshore offering to them, we are addressing a significant gap and giving these businesses the opportunity to thrive on an international scale.”

Strategic edge

The offering allows family-owned businesses to gain a strategic edge through asset diversification while managing currency and liquidity risks.

BCB’s offshore banking in Mauritius provides a strategic mechanism to mitigate these risks and enhance financial resilience to support regional businesses operating in sectors vulnerable to economic fluctuations and foreign exchange challenges.

Moreover, its alignment with international regulatory standards ensures that businesses remain compliant while pursuing growth.

Mauritius’s strategic position as an offshore banking destination has been carefully chosen based on its competitive tax rates, reliable financial systems, and business friendly environment.

Businesses can leverage these advantages to optimise their financial structures, gain efficiencies in wealth management, and create a buffer against market instability.

Simone Cooper, head of Business and Commercial Banking for Standard Bank SA. Image: Supplied

“Standard Bank’s extensive footprint across the continent uniquely positions us to be a trusted partner for our clients’ growth,” says Cooper.

“Leveraging our on-the-ground expertise, we are able to deliver impactful financial solutions that turn possibilities into opportunities for the vibrant businesses that power Africa’s economy.”

In a world that is increasingly interconnected, the pressure on businesses to think and act globally is immense – and BCB’s presence in Mauritius marks a significant shift, driven by the urgent needs of businesses striving for stability and growth in an ever-evolving landscape.

The island’s advantageous position and solid reputation as a financial centre allows BCB to extend its reach and provide more effective, wide-ranging support to businesses across the continent.

This strategic move is aligned with its goal of supporting growth and innovation in the region’s business community.

Brought to you by the Standard Bank Group.

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