Business Climate

Busniess Climate

Mauritius has enjoyed uninterrupted economic growth over the last forty years. Its position, both from a geographical and regulatory point of view, is quite unique and it has key advantages over other global financial centres.

According to the World Bank 'Doing Business' Report 2015 ranking economies on their ease of doing business, Mauritius was classified 28th in the world and No. 1 in Africa. This high ranking on the ease of doing business index demonstrates that Mauritius has the regulatory environment conducive to the starting and operating of a Company. Furthermore, Mauritius is a member of various International Anti-Money Laundering Association.

Mauritius is a politically and socially stable country with a long tradition of parliamentary democracy. It has economic stability with the main pillars of the economy being tourism, financial services, textile industries, sugar and business process outsourcing. Mauritius has a Freeport offering tax free operations of transshipment, warehousing, and light manufacturing, amongst others.

The economy has diversified into seafood transshipment & processing, upmarket tourism, real estate development, business process & knowledge process outsourcing, IT Enabled Services, tertiary education and research, health and life sciences, renewable energy, marinas and film making.

Mauritius has state of the art communication facilities and an educated and multilingual workforce speaking English, French, Hindi, and Chinese amongst others.

There are twenty three banks in Mauritius licensed to provide a full range of domestic and international banking services to both local and Global Business clients. Mauritius has a vibrant stock exchange which has a capitalization of over US$ 7 billion, that is, 65% of GDP.

The Stock Exchange of Mauritius (SEM) is a member of the World Federation of Exchanges and has been designated as a “Recognised Stock Exchange” by the United Kingdom’s Her Majesty’s Revenue and Customs. The SEM is expected to expand further following the decision to allow offshore funds to be listed on the Exchange.

All the major international accounting and audit firms are represented in Mauritius and legal services are provided by local and reputable international law firms.

Non-citizens of Mauritius are allowed to work, and live in Mauritius under the occupation and residence permits as Investors, Professional, or Self-employed. Investors can furthermore acquire property for business purposes and an apartment as their private residence.

HIGHLIGHTS

  • Mixture of British and French legal systems
  • Availability of highly qualified bilingual professionals
  • Advantageous trade agreements [SADC, COMESA. AGOA ]
  • Numerous double taxation agreements with Asia and Africa
  • Mauritius is the first International Financial Centre in Africa
  • Numerous Investment Promotion and Protection Agreements
  • Listing rules simplified by the Stock Exchange of Mauritius
  • No exchange control and confidentiality is included in the laws