November 2007

 

IN THIS ISSUE

NOVEMBER MMVII - Vol III

 

Suite 320, 3rd Floor
Barkly Wharf
Le Caudan Waterfront
Port Louis
Republic of Mauritius

Tel +230 210 9334
Fax +230 210 8524

enquiries@inter-oceanmgt.com
www.inter-oceanmgt.com

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WELCOME to the third edition of the Compass Chronicle and the final one for 2007. We are approaching the end of another year and I am sure many of us are asking ourselves where this year has gone to. Whilst 2007 has been a very successful year for the Inter-Ocean Group, 2008 is set to be an even more exciting year.

Among some of the highlights of the year, was the approval of our Aircraft Operating Certificate (AOC), the addition of another 3 aircraft into our fleet, which are now on contract to the World Food Programme and Red Cross in Africa, the completion of the second wing of Northfields International School, and the addition of 2 new staff members in various areas of the business.

With launch of a number of new IRS Schemes on the island and Mauritius’ continued growth as an International Financial Centre, 2008 is set to be an exciting year for Inter-Ocean Management Limited and our new company IRS Management Services Limited. Further growth is also expected in the aviation business and a number of the Greenfield operations are expected to come into fruition. In addition to all of this, Inter-Ocean Group will be starting the year with a ‘new look’. Read more about our re-branding exercise under “Other News.”

The Inter-Ocean team hope that the newsletter will provide you with some interesting articles and information, and wish you all a very happy Christmas, a prosperous New Year and look forward to continuing and building our relationship next year.

Office Closure

Please note that our office will be closed during the festive season on the following dates:

  • 24th December - Closed from 1pm
  • 25th December - Closed
  • 26th December - Closed from 1pm
  • 27th December until 6th January - Closed

Our office will be fully functional from the 7th January. However if you require any assistance during the dates above, please note the following contact details:

  • General and IRS Queries - Brendon Jones (+230 250 2791)
  • Offshore and Secretarial and Legal - Kenneth Maillard (+230 252 9480)
  • Infrastructure and Accounting - Laval Law (+230 255 5722)

Once again we wish you both a Happy Christmas and Prosperous New Year.

OFFSHORE

An Even More Attractive Mauritius ?!

Mauritius continues to grow both as a beautiful holiday destination, but more importantly as an attractive International Financial Centre (IFC). The latter's attractiveness goes beyond tax planning considerations, but also rests on the quality of services, legal and regulatory frameworks and the increasingly growing, good repute of this IFC.

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Living in paradise is now possible

Mark Twain once said "You gather the idea that Mauritius was made first then Heaven, and that Heaven was copied after Mauritius." Although this is a very poetic statement, the reality is not too far away from this.

Since its independence in 1968, Mauritius continues to prosper as a tourist destination. With some of the loveliest beaches in the world, and its continued growth, it is increasingly becoming a highly competitive financial and economic hub in the Indian Ocean Islands. Until recently, it was almost impossible for foreigners to obtain residency or to purchase immovable property in Mauritius, however the recent introduction of Integrated Resort Scheme's (IRS), now allows foreigners to live and own designated immoveable property on the paradise island of Mauritius. Not only do they get a piece of paradise, but also are provided the opportunity to obtain residency and the right to work on the island.

Read More


Mauritian freeport - a bridge into africa

The Mauritius Freeport is a duty-free logistics, distribution and marketing hub for the African / Asian region. Logistics and warehousing facilities are readily available for the transshipment, consolidation, storage and minor processing of goods. Setting up a company in the Mauritius Freeport is simple and the procedures have been streamlined with the implementation of an electronic licensing system, with applications for a Freeport Certificate being processed within 48 hours. Dedication to efficiency and customer service has played an important part in Mauritius' Freeport's continuing growth and success.

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INFRASTRUCTURE

Infrastructure and trade services department

In addition to the various Corporate Secretarial and Trustees services offered, Inter-Ocean Management Limited also has a specific department offering Infrastructure and Trade Service. In addition to providing the more traditional services such as accounting and bookkeeping, it also offers a number of additional specialized services, aimed to facilitate and assist in International trade operations.

Read More

 

AVIATION NEWS

Air-Tec Mauritius awarded new humanitarian contract

Air-Tec Mauritius has recently been awarded a new aircraft charter contract from the International Committee of the Red Cross (ICRC) in Bangui, Central African Republic.

Air-Tec’s L420 (LET 420) will be based at Bangui M’POKO International airport in direct support for the ICRC operations in the Central African Republic for the next 2 years. The maintenance reliability, the sturdiness and the special performance of the LET aircraft on wet and unpaved runways have turned out to be the key choice factors for the ICRC.

Read More

Mauritius as an Aviation Administration Base

Mauritius is fast becoming an Aviation administration base for International aircraft operators.

In the past three years aircraft Lessors have realized that Mauritius with its numerous Double Taxation Treaties (DTA's) and with its low administrative costs is an ideal location in which to own their aircraft and conduct the accounting and administrative functions of their operations.

Read More

OTHER NEWS

Cycle Race 2007

The afternoon of the 7th of October marked the success of the 8th 100km Mauritius cycle tour, which was organised jointly by The Circle and The Federation Mauricienne de Cyclisme (FMC). The Tour is held to raise funds for local needy causes and charities and saw Inter-Ocean Management Limited, once again being a proud sponsor of the event.

Read More

 

Re-Branding

The Inter-Ocean Group is starting the New Year with a fresh and exciting new look. During the past few months, work has been done on a re-branding strategy, aiming to create an even more professional corporate image.

Read More

New Staff

Two new staff members have joined the Inter-Ocean Group, since the last newsletter, to assist with the expansion of the group.

Both of them have joined Inter-Ocean Aviation Finance Corporation. Chandan joined in August while Vishwas joined the team in September. Read more about each of the newcomers.

Read More

 

 

FUNNIES

Never take life seriously. Nobody gets out alive anyway.

I told my wife that a husband is like a fine wine; he gets better with age. The next day, she locked me in the cellar.

Behind every successful man is a surprised woman. - Maryon Pearson

Son, if you really want something in this life, you have to work for it. Now quiet! They're about to announce the lottery numbers. - Homer Simpson

Flying is simple. You just throw yourself at the ground and miss. - Douglas Adams

I told the doctor I broke my leg in two places. He told me to quit going to those places. - Henry Youngman

The greatest pleasure in life is doing what people say you cannot do.

The only reason people get lost in thought is because it's unfamiliar territory.

Man invented language to satisfy his deep need to complain. - Lily Tomlin

When you are courting a nice girl an hour seems like a second. When you sit on a red-hot cinder a second seems like an hour. That's relativity. - Albert Einstein

He who laughs last didn't get it.

When there's a will, I want to be in it.

Everyone has photographic memory: some just don't have the film.

There are three sides of an argument - your side, my side and the right side.

Always remember you're unique, just like everyone else.

If you die in an elevator, be sure to push the Up button.

There is a fine line between fishing and just standing on the shore like an idiot.

The road to success is always under construction.

Ideas don't stay in some minds very long because they don't like solitary confinement.

 

 

 

© All material displayed in this brochure, including, without limitation, articles, text, photographs, images and\or illustrations, (collectively, the Content) are protected under Mauritian and foreign copyright or other laws, and are owned by Inter-Ocean Management Limited, its licensors or the party accredited as the provider of the Content. Disclaimer: The information contained in this document is for general guidance and interest only and is not intended as authority or a substitute for specific advice in considering the legal effects of any particular structure or product. Anyone intending to base a decision on the information as contained in this document should therefore do so with professional advice.

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