Service 01
Non-Executive Directorship
A Mauritius-based Non-Executive Director who brings tax expertise to the board and takes part in the decisions it makes in Mauritius.
A company holding a Global Business Licence has to show that it is managed and controlled from Mauritius if it is to keep its Mauritian tax residence and meet the economic substance requirements. Board meetings held in Mauritius, with a director based there who takes a real part in the decisions, are part of how it shows this.
Mustupha Mosafeer sits as the Non-Executive Director. He was Commissioner of Income Tax from 2000 to 2006 and Director of the Large Taxpayers Department at the Mauritius Revenue Authority from 2006 to 2013, and he has led more than 60 tax treaty negotiations for Mauritius. On a board, that experience goes into four areas: tax strategy, tax risk, compliance oversight and tax reporting.
What the role involves
- Attending board meetings in Mauritius
- Taking part in board decisions and strategic planning
- Independent oversight, with no part in day-to-day management
- Helping the company carry out its key management functions in Mauritius
- Advice on tax treaties and cross-border transactions as they come before the board
Who it is for
- Global Business Companies and the management companies that administer them
- Boards that need to show management and control in Mauritius
- Boards that want a director with tax expertise
Questions
Questions and answers
What is a Non-Executive Director (NED)?
A Non-Executive Director is a board member from outside the company who provides independent oversight and strategic guidance without taking part in day-to-day management.
Why do Mauritian Global Business Companies need a NED?
A NED helps the company meet its economic substance requirements, which it must do to keep its Mauritian tax residence.
How does a NED help the company meet substance requirements?
The NED takes part in board decisions, oversees strategy and helps make sure key management functions are carried out in Mauritius.
What does Mosafeer Tax Consulting bring to NED services?
Our NED is Mustupha Mosafeer, a former Commissioner of Income Tax with long experience of Mauritian tax policy and international tax treaties.
How often does the NED need to be involved in the company?
The NED attends board meetings in Mauritius regularly and takes part in strategic planning as required, so the company can show a genuine economic presence.
Can the NED help with international tax planning?
Yes. Our NED advises on international tax treaties and cross-border transactions.
How does a NED help with risk management?
The NED helps the board identify and reduce tax-related risks and keep the company compliant with local and international rules.
How does a NED contribute to governance?
The NED gives the board independent, senior input on governance and on its long-term strategy.
Can the NED help interpret a specific tax treaty?
Yes. Mustupha Mosafeer has led more than 60 tax treaty negotiations for Mauritius and can advise on how a treaty applies to your company.
Book a call with Mustupha Mosafeer
Choose a time on his calendar, or write to us with an outline of your question and we will reply by email.