Recently Mauritius joined other countries like the UK, Singapore and Australia with the concept of Regulatory Sandbox Licence (RSL). The Government launched the RSL on 20 October 2016. This is as a result of the Government’s vision to promote creativity and innovations through the application of technology.
BlockChain, Digital Currency, Online Health care and Fintech are some of the innovation-driven activities that can be tapped into. An application for RSL must be made to the Board of Investment (BOI). There is a selection criteria for RSL as well as a number of conditions related to the activity.
Furthermore, it will also be continuously monitored by the BOI and the holder of RSL must submit regular reports to the BOI.
Mondaq has published an article on their website that explains the potential users, RSL application, selection criteria, terms & conditions and monitoring and reporting. Please click here to read the full article.
Source: Mondaq.com
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