THE ISLAND OF MAURITIUS
Mauritius is centrally located in the Indian Ocean, at the crossroads of Asia, Africa and Europe. This Republic island state is a welcoming, multicultural country with a global outlook and a past steeped in history. The country's attractiveness as a preferred destination for investment and tourism rests mainly on the quality of life offered, political and social stability, as well as a dynamic and growing economy across a variety of sectors.
MAURITIUS AT A GLANCE
1.3 million inhabitants
French and English
10 YEAR AVERAGE ANNUAL GDP GROWTH
GDP PER CAPITA
STOCK MARKET CAPITALISATION (SEMDEX)
7.107.509.535 USD (2017)
ADULT LITERACY RATE
Services: 75% Industry: 21% Agriculture: 4%
Individual and Corporate Tax = 15% flat
No inheritance or capital gains tax.
Double Taxation Agreements with 43 countries.
LEGAL AND POLITICAL SYSTEM
English and French law.
Parliamentary Republic modeled on the Westminster System.
48.5% Hinduism, 32.7% Christianity, 17.2% Islam, 0.8% Others (Including Buddhism), 0.7% None
Strong with India and China. Member of the African Union, the Commonwealth of Nations, La Francophonie, the Indian Ocean Commission, the Southern African Development Community, COMESA, the Indian Ocean Rim Association and the World Trade Organization.
" ... Meanwhile, Mauritius, which joins the group of top 20 economies this year (the only Sub-Saharan African economy to do so), has reformed its business environment methodically over time. Indeed, over the past decade Mauritius has reformed more than once in almost all areas measured by Doing Business. Following seven reforms in the area of property registration captured by Doing Business since 2005, for example, the time needed to register property has decreased more than 12 times; the time needed for business incorporation has decreased almost 10 times as a result of four reforms in starting a business." - Doing Business World Bank Report 2019
Mauritius has ranked on number 49th in the latest World Economic Forum Global Competitiveness Report 2018 making the country African's best performer. Excellent scores in the fields of Product Market, Financial System, Business Dynamism, Institutions, ICT Adoptions and Macroeconomic Stability showing Mauritius on the rise also indicating some challenges. - World Economic Forum Report
"As private education providers, we believe we should actively contribute to strengthen Mauritius' score in the fields of skills and innovation capability significantly to catch-up with other better performing disciplines."
Felix Zuckschwerdt, Managing Director, ZUKA Partners Ltd.
OTHER INTERNATIONAL BENCHMARKS
MO IBRAHIM REPORT
2016 Index of African Governance. 1st in Africa.
for Business from Forbes Survey 2017. 1st in Africa. 39th in the World.
GLOBAL IT REPORT
2016. 1st in Africa. 49th in the World.
Index 2016. 1st in Africa. 40th in the World.
Index of Economist Intelligence Unit Report. 1st in Africa. 18th in the World.
Global Index 2016 - 2017. 1st in Africa. 45th in the World.
of the World 2016. Fraser Institute Report. 1st in Africa. 5th in the World.
Over the years, Mauritius has crafted a strong growth-oriented developmental path which has enabled it to achieve one of the highest per capita incomes of Africa. Indeed, from USD 400 in 1968 when they obtained their independence, the development strategy has put Mauritius at the brink of becoming a high-income economy with a per capita income of around USD10,000 today. Leveraging on its geographic strategic location and impressive economic trajectory, Mauritius has successfully positioned itself as a regional hub.
Today, Mauritius is a well-established business destination for investors seeking a secure investment climate, a conducive business environment, political stability, transparent regulations, high value-addition and an efficient financial ecosystem offering a plethora of services. As an innovation-driven and knowledge-based economy, Mauritius is underpinned by a broad spectrum of sectors which offers a number of excellent business opportunities in numerous fields: education, agro-industry, aqua-culture and ocean economy, financial services, healthcare, hospitality, property development and smart cities, ICT-BPO, life sciences, logistics, manufacturing, media and creative industries, amongst others. The Mauritian Stock Exchange Index (SEMDEX) hosts prominent market leaders such as MCB GROUP LTD, IBL LTD, SBM HOLDINGS LTD, ENL LAND LTD, CIEL LIMITED, ALTEO LTD, ROGERS & CO LTD, TERRA MAURICIA LTD amongst others. With a market capitalization of RS 247 billion (7.107.509.535 USD) in 2017 the SEMDEX is a growing factor in the region.
We highly recommend you to read the US Department of States Investment Climate Statement from 2018 as well as the Financial Times Special Report at 50. You can request a free copy from us.
Please visit www.edbmauritius.org and www.ecsglobalbusiness.com for more information on how to invest in Mauritius.