The ‘Improving the Business and Investment Climate in Mauritius project” aims to facilitate the business and investment environment by reducing the number of business permit applications and the time taken to obtain business licences and permits. This modern and efficient practice will not only reduce the time and cost to the private sector, but will improve transparency, predictability and reduce uncertainty in the investment decision making process.
The project is being co-financed by the European Union under the 11th European Development Fund, Eastern and Southern Africa and Indian Ocean Regional Indicative Programme (2014– 2020) to the tune of MUR 10 million and the financing agreement was signed in January 2017.
The Project comprises 5 components namely:
- Implementation of the National Electronic Licensing System (NELS)
- Carrying out a Business Process Re-engineering (BPR) Exercise
- Implementing a Regulatory Impact Assessment Framework
- Carrying out a regulatory review exercise
- Change management and Communication