Key advantages of Mauritius
Mauritius introduced global business incentives in 1992 and is now recognized as a leading regional financial centre. It has always featured on the G-20 white list for international financial centres.Financial services are an important pillar of the economy after industry, tourism and agriculture. The government encourages financial companies wishing to establish an operational base of substance in Mauritius.
The factors favouring Mauritius include
- Flexible company and trust legislation
- Infrastructure and regulation for specialized financial services
- Sound corporate governance code based on international norms
- economic and political stability
- excellent telecommunications, business and IT infrastructure
- a pool of bilingual abled professionals
- low cost administration and support staff
- special relationship with SADC and COMESA
- favourable trade links with India, China, South Africa and the United States of America
- 15% maximum tax rate for corporates and individuals
- absence of exchange control
- occupation and residence permits for eligible expatriates within 3 days, and business licences and permits generally within 15 days
- a large network of double tax treaties.
The Republic of Mauritius has had a democratic system of government since independence in 1968. The President is the Head of State and full executive power is vested in the Prime Minister who is the Head of Government.Strategically located, Mauritius is a convenient bridge between Africa and Asia.Mauritius has experienced exceptional political and social stability. It has strong democratic institutions, including an independent and efficient judicial administration.