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Why Mauritius?

MAURITIUS – INTERNATIONAL FINANCIAL CENTRE [IFC]

  1. > Financial Sector contribution to GDP: 11.8%
  2. > Tax Revenues: 8%
  3. > 4% of skilled labour
  4. > 20,000 Global Business Companies registered

The IFC today is built upon three pillars: cross-border investment, cross-border corporate banking and private banking and wealth management.

 

IFC Offerings

Products and services tailor-made for investors such as private banking, investment structuring insurance and re-insurance , private wealth , investment banking and global headquarter administration.

 

WHY MOVE TO MAURITIUS

Legal System

  1. > The Constitution based on the Westminster model and rests on 2 fundamental tenets: the rule of law and the doctrine of separation of powers between the Legislature, the Executive, and the Judiciary.
  2. > Robust Legal system – The laws of Mauritius are the result of a hybrid system combining both common and civil law
  3. > International Arbitration Centre;
  4. > The highest court of appeal is the Privy Council in the UK.

Political

  2. > Democratic Country
  3. > Stable political background;

Regulatory

  1. > Robust regulatory and supervisory regime for financial services
    1. > Bank of Mauritius – Banking Sector
    2. > Financial Services Commission – Non-Banking financial services
  2. > White-listed – Transparent, safe and internationally compliant jurisdiction
  3. > Data Protection & Confidentiality of information

Economy

  1. > A competitive, well diversified and broad-based economy
  2. > Safe and secure environment to work, live and do business.

Banking Sector

  1. > 19 licensed banks, including presence of renowned international banks;
    1. > Resilient capital and ample liquidity buffers
    2. > Sustained Profitability levels

Business

  1. > Most business friendly and investment friendly country in Africa
  2. > No Exchange Control;
  3. > Extensive network of DTAAs and IPPAs (currently there are 46 signed DTAAs, of which 15 are signed with African countries)
  4. > Strategic, Geographic location and convenient Time Zone (GMT +4);
  5. > Bilingual Skilled Workforce (English and French);
  6. > Anglophone and Francophone high standard private schools – 89.9 % Adult literacy rate.
  7. > Global Connectivity with modern Airport and Seaport
  8. > Modern Health Care Services;

Fiscal & Tax Regime

  1. > Double Taxation Avoidance Treaties with 44 countries
  2. > Low tax jurisdiction, Income Tax, Corporate Tax and VAT at harmonized rate of 15 %
  3. > Free repatriation of profits
  4. > No withholding tax on dividends, capital gains and interest
  5. > Foreign tax credits in respect of taxes paid at source are allowed to the maximum extent of the Mauritius tax, where this can be evidenced. Alternatively, a tax resident may be entitled to a partial exemption of 80% in respect of certain types of income such as interest, foreign sourced dividend, income of a regulated fund or CIS manager, amongst others, subject to satisfying “prescribed substance requirements”.

Awards & Recognitions

  1. > Business Friendly Environment – World Bank Ease of Doing Business 2020 – Ranked 1st in Africa and 13th globally;
  2. > Mauritius was ranked most innovative economy in Sub-Saharan Africa in October 2022

Trade Agreements

  1. > Preferential Market Access (AGOA, COMESA, EU, SADC, AfCFTA, IOC, CECPA, China-FTA)

Residency & Occupation Permit

Mauritius offers an Occupation Permit to the following categories of foreign nationals:

  1. > Investor
  2. > Professionals
  3. > Self-employed
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