Our Services | Cfoinsights

SERVICE OFFERING

Full Financial
Solutions

Our extensive service offering covers a full spectrum of financial solutions tailored to meet diverse organisational needs, covering activities such as:

Appointing a Chief
Financial Officer
(CFO)

Implementing
an Enterprise
Resource Planning
(ERP) system.

Full spectrum
of accounting
services.

These integrated services offer a robust and efficient financial infrastructure for businesses. We take a holistic approach to services such as budgeting, forecasting, risk management, financial reporting, financial planning, and strategic planning. With our expertise in these areas, we turn your numbers into insights that support informed decision-making and strategic direction.

Chief Financial Officer
(CFO) Appointment

Modern-day CFOs must be strategic visionaries, steering operational decisions and shaping future strategies. Our diverse team brings a wealth of experience across various industries and financial landscapes, from listed corporations to family enterprises.

Our specialised service offering involves appointing a fully accredited CFO in your Mauritius entity directly, thereby addressing crucial substance requirements necessary for Mauritian tax residency. By doing this we cover all the bases, demonstrating that core management and key decision-making are based in Mauritius. This is not an outsourced CFO function but a genuine employment arrangement.

Why This Solution Matters

In Mauritius, many entities have opted for business models that outsource core income-generating activities to third party service providers like management companies. This may meet local substance requirements, but often falls short on international requirements, especially those of Place of Effective Management (PoEM). Our CFO appointment service directly bridges this gap and avoids the associated risks involved.

How this Helps

By implementing this solution, you employ a highly skilled CFO directly in Mauritius. This ensures that PoEM requirements are met, as key management appointments and decisions are carried out locally. Not only does this adherence to PoEM mitigate the tax risk, but you also eliminate other costs including employment permits, relocation expenses for foreign employees, medical aid and pension fund contributions, 13th cheque payments, etc. We tailor our CFO services to match your needs, and as a result you only bear the expense of the CFO services you actually require. This delivers exceptional service at a fraction of the cost compared to traditional employment contracts.

Addressing Key Issues

When it comes to relying on third-party service providers, i.e. Management Companies, to handle all income generating activities this may lead to challenges in proving that effective management is in Mauritius. Management companies may appear to tick the box of abiding by Central Management and Control (CMC) regulations; however, they don’t account for the complexities of Place of Effective Management (PoEM), which is particularly necessary to assess when your company has any kind of international influence.

PoEM goes beyond just the location of board meetings (which is where CMC comes in), it involves a more holistic view of things like shareholder influence, the location of directors and executives, daily senior management, skills and experience, etc. Our CFO appointment solution provides a turnkey solution to all these aspects, while providing expertise and strategic direction internally.

Full Financial Solution

Chief Financial Officer (CFO) Appointment

Finance and Accounting
Outsourcing

At CFO Insight Mauritius, we excel in turning your financial data into actionable value. Our team of experienced professionals will decipher the complexities of your figures and harness them to unleash the full potential of your business.

By partnering with us, you remove the burden of back-office operations and empower your company to focus on core business activities. Your non-core activities are our core business. Our extensive service offering is flexible and scalable to align with your financial needs, delivering exceptional value and performance.

We work to exacting standards and best practice, using innovative technology platforms to deliver insightful information to management. We provide a custom suite of accounting services, designed to address your specific needs and unlock growth potential.

Efficiently handling all accounting tasks is essential for accuracy and compliance with regulatory standards. This encompasses a range of responsibilities, such as accounts payable/receivable, preparing financial statements, and ensuring adherence to tax compliance.

You can outsource all your accounting functions or delegate specific activities to CFO Insight Mauritius, allowing your Directors and Managers to concentrate on the strategies that will optimise your profits.

Finance and Accounting Outsourcing

Independent Director
Services

When establishing your Board of Directors for a Mauritius entity, it is essential to evaluate whether Central Management and Control (CMC) or additional Place of Effective Management (PoEM) applies. This is especially crucial if your company has any foreign influence, such as shareholders or directors. Understanding the implication of their relevant tax residencies is essential, as it is likely that PoEM will need to be evaluated.

CFO Insight Mauritius Can Enhance Your Board

To verify that your Board of Directors meets PoEM requirements and supports your business, consider the following key aspects:

Relevant Experience

Genuine Decision-Making

Our panel of potential and existing board members has extensive experience in different sectors and jurisdictions. Each member is a qualified Chartered Accountant with comprehensive expertise enabling them to understand your business, analyse your financial information, and deliberate on key strategic decisions.

To meet substance requirements, board meetings need to involve real decision-making, rather than just formalising decisions made elsewhere. Our directors ensure that meetings are authentic, not just “rubber stamping” previous decisions. This helps the case of genuine control and effective management in Mauritius.

Directors should also have the authority to implement significant business decisions locally. Because our experienced directors have the necessary skills and expertise to do so, this strengthens the case of PoEM.

Active Involvement

Directors must be actively involved in the daily operations of the company. For cases where there are foreign directors, maintaining active involvement can be a challenge. This is where we come in – our panel is here to engage thoroughly in your day-to-day business, securing PoEM in Mauritius and enhancing effective management.

Independent Director Services

Consulting Projects

Armed with a thorough understanding of your company’s objectives and operational structure, our team can assess, design and implement a management action plan that will inspire success: