ABC Banking Corporation14th Sep 2020
Strategically located in the heart of the island’s capital at Place d’Armes, Port- Louis, ABC Banking Corporation is known for its attractive broad palette of traditional and innovative products and services, and its excellent rapport with customers.
Within its eight years of operation, the bank has become a hallmark of quality and effectiveness. Moreover, ABC Banking Corporation owes its success to its highly motivated and committed team of experienced professionals and competent staff.
- Established in 2010
- A member of ABC Group of Companies, a well-diversified Mauritian conglomerate
- Traditional and innovative products and services
- Listed on the Development Enterprise Market (DEM) of the Stock Exchange Market of Mauritius (SEM) since January 2016
- Retail & Corporate Banking
- Private Banking
- International Banking
About our services
Through our unique branch housed at our head office at WEAL HOUSE, we offer a broad range of products and services to individuals built around their particular financial needs and aspirations.
We offer a range of products from accounts and deposit products to loans, cards as well as e-banking services through which banking is made accessible on a 24/7 basis.
At ABC Banking, we believe in the value of creating and maintaining strong working relationships with our customers. Thus, whether you are just starting out, keeping on top of things or planning your next business move, we work with you to develop new and innovative solutions that help you reach your business goals faster and more effectively.
Our ultimate aim at the Corporate & SME division of ABC Banking is to become the ideal partner fulfilling your business needs at all times. On top of our highly personalized and rapid service we offer a suite of products to meet your growing business requirements.
ABC Banking aims to provide international banking services to sophisticated, high net-worth and international clientele.
We are committed to serve your business needs which include world class benefits and advice to Offshore Management Companies, GBC1’s, GBC2’s, IBCS’ ,CIS’s, Trusts, Foundation and Non-resident Individuals.
Our objective is to meet your banking needs so that you can enjoy friendly, efficient and personal service and guidance all over the world.
Our treasury division’s team consists of dedicated, ethical, knowledgeable and exceedingly experienced staff who are at your service to provide a valuable and pleasing banking experience both for your business as well as personal needs. Together our team cumulates nearly 40 years of financial exposure.
We offer a comprehensive range of simple but effective treasury products and services that are tailor- made to serve your needs. They have been designed to suit your highly demanding and evolving banking needs.
At ABC Banking, we aim to exceed our clients’ expectations. Our experienced and dedicated Private Bankers provide you with the highest level of personalised, attentive and discreet service to help you achieve your financial goals and aspirations. Your Private Banker will come and meet you, as per your convenience.
Local and international presence
Main branch and Head Office: Port-Louis, Mauritius Representative office: Hong Kong
We strive to delight our customers whilst delivering on our responsibilities towards the country, community & environment. We shall also drive the continuous development of the bank as one team, whilst catering for diverse interest, providing development opportunities for individual talents. Furthermore we commit to uphold our shareholders’ and all stakeholders’ trust in us.
Our team consists of professional, dedicated and highly experienced staff at your disposal to provide you and your business with competitive and attractive banking services.
Moreover, Mauritius is today considered as the “Gateway to Africa” considering its economic, legal and geographic position. ABC Banking Corporation through its Hong Kong Representative Office is well equipped to act as the ideal bridge between investors and business opportunities in Africa.
Mauritius and China have shared a particularly close relationship since our Independence in 1968 and both countries have fruitfully deepened these ties. Today our economic links with China are significant given the fact that China is one of our main trading partners. The silk road passes namely through Southeast Asia, Africa, Middle East and reaches Europe. As such, Mauritius will definately play an important role in facillitating trade and investment in the process whilst gaining from its partnership with other regional and international countries. Mauritius is privileged through its geographic position in the Indian Ocean and will undoubtedly play a key role as an ideal platform.
The Mauritius Advantage
Mauritius has a solid reputation of an investor’s friendly and open country offering predictability, stability, protection of investors and attractive investment opportunities across various sectors. In addition to being a business-friendly and well-regulated centre it offers a low tax jurisdiction with an extensive tax treaty network.
The main advantages of Mauritius as global business platform are:
Open Economy & Fiscal Incentives
- No withholding tax on dividends, capital gains and interest
- Mauritius has signed non-double taxation agreements with 37 countries so far and is party to a series of treaties under negotiation.
- No exchange control – free repatriation of funds and profit
Social and Political Stability
Mauritius has enjoyed enduring political stability ever since its early days as an independent nation born in 1968. The Government is democratically elected every 5 years. The Constitution is based on the Westminster Parliamentary model.
It consists of a population of 1.3 million with different cultures who co-exist peacefully.
Mauritius also has a wide pool of fine professionals, most of whom qualified from internationally recognized institutions and/or world class professional bodies.
This highly disciplined and educated workforce are equally fluent in English and French.
Convenient Time Zone
Mauritius is 4 hours ahead of Greenwich Mean Time (GMT), placing the country 2 hours ahead of South Africa’s capital city Pretoria, 3 -4 hours ahead of major European cities such as London, Paris and Dublin. It is 3 hours ahead of Berlin, Milan and Brussels.
In terms of outsourcing and processing after hours, Mauritius also offers a convenient time zone by being 7 hours behind Australia and 9 hours behind New Zealand during summer months and 4 hours behind Singapore and one and a half hour behind India.
Ease of Doing Business
Mauritius ranks 49th in global rankings on Overall Ease of Doing Business 2017 and tops Africa’s Sub- Saharan economies, according to the World Bank group’s Doing Business 2017 Report.
- It has a hybrid legal system based on English and French laws. The Highest Court of Appeal is the Privy Council in the U.K.
- Mauritius has strong cultural links with Europe, India, China, and Africa
- It has well established banking institutions with an efficient banking system and an international stock exchange
- Living and administrative costs are low
ABC Group of Companies
Inspired for Future Generations
Founded in 1931 by Sir Jean Etienne Moilin Ah-Chuen, the ABC Group is today one of the leading business organisations in Mauritius and employs more than 1,300 people.
One of the top 25 conglomerates in Mauritius and top 50 in the Indian Ocean, ABC Group of Companies is structured in five clusters with operations in Foods distribution and manufacturing, Automobile, Banking, Financial Services and Shipping & Logistics.
Expansion of existing Headquarters
The opening of the ABC Private Banking Lounge
The launching of the prestigious UnionPay Diamond Card
Hong Kong Representative Office
The inauguration of WEAL HOUSE, headquarters of ABC Banking
Corporation in the capital city, Port Louis
ABC Banking Corporation enters the Development & Enterprise Development Enterprise Market (DEM) of the Stock Exchange Market of Mauritius (SEM)
The establishment of ABC Banking Corporation, a full-fledged commercial bank
The establishment of ABC Finance and Leasing
For South Africans looking at investing or emigrating to Mauritius, in this discussion webinar we cover tax consideration and Trusts, Setting up a Mauritian Bank Account, property financing and Off plan property payment structure.
Join Estate Living Mauritius as we discuss emigrating or investing in Mauritius. Unpacking everything from permits, managing South African assets, moving or starting a business, Tax emigration and exchange control emigration, looking for the right residential or commercial properties and what school options and medical facilities are available.