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Marine Services

A competitive platform to service the Marine Community

The conducive business environment supported by a pool of bilingual professionals and a solid technological backbone are core attributes for high- end marine based service delivery in Mauritius.

Opportunities exist in various segments in Mauritius, namely:

Vessel Registration

The Mauritius Open Registry provides for reliable and secured registration services to vessels owners on a 24/7 basis at competitive costs. Moreover, the country is signatory to major international Maritime Conventions, the main provisions of which have already been laid down in the Merchant Shipping Act 2007 and subsequent regulations.

Why Mauritius for vessel registration?

  • Enabling legislation based on the globally tested and respected UK model
  • Mauritius is a member of the International Maritime Organisation (IMO) and party to all major international Maritime Conventions
  • Neutral flag
  • Competitive fiscal regime
  • Established jurisdiction as an International Financial Centre (IFC)

Legal Framework:

  • Merchant Shipping Act 2007 and Merchant Shipping (Registration of Ships) Regulations 2009

Relevant links to other supporting institutions:

The Division of Shipping operating under the aegis of the Ministry of Ocean Economy, Marine Resources, Fisheries and Shipping (fisheries.govmu.org)

With a contribution of some 6% to GDP, the ICT sector is supported by an enabling ecosystem comprising a skilled labour force, broadband connectivity by submarine cables and plug-and play infrastructure. The integration of enabling technology platforms and the convergence of ICT and marine-related sectors broaden the economic space for IT start-ups, SMEs and multinationals.

Opportunities in this segment range from integrated database with data mining capabilities, environmental and weather modelling applications, ocean sensors, satellite-based surveillance to sub-sea data centres.

Legal Framework:

  • Data Protection Act, ICT Act
  • Copyright Act (Amendment)
  • Electronic Transactions Act
  • Computer Misuse and Cybercrime Act
  • Copyright Act 1997
  • The Patent, Industrial Designs and Trademarks
  • Act 2002
  • Protection against Unfair Practices (Industrial
  • Property Rights) Act 2002

Over the last few years, Mauritius has reviewed and introduced new legislation with a view to enhancing its competitiveness and ensuring the transition of the Mauritius -IFC towards a high value-added services platform. The inception of the Regulatory Sandbox License provides additional space for conducting innovative activities in the sector.

Companies specialised in marine finance can leverage the Mauritius IFC’s hard and soft infrastructure to deliver a range of services including ship financing, management, brokerage, leasing and insurance, carbon exchange trading and blue bonds related activities. Moreover, structuring under a regional headquarter scheme to service the marine community from Mauritius provides for an automatic qualification of 8 years tax holidays.

Legal Framework:

  • The Financial Services Act 2007
  • The Securities Act 2005
  • The Insurance Act 2005

Relevant links to other supporting institutions:

The Financial Services Commission is the integrated regulator for the non-banking financial services sector (https://www.fscmauritius.org/)

Engaging the 6 billion Industry

Marine Biotechnology underpins vast potential for wealth and high-end job creation. The global market for the blue biotechnology sector is estimated to reach some USD 6 billion by 2022.

The 2.3 million Km2 of maritime zone is home to numerous species with promising biotechnological prospects. Since 2000, the state marine research arm, the Mauritius Oceanography Institute, together with other related public and private institutions, has engaged in numerous marine biotech studies. The Mauritius Oceanography Institute has an extensive database of preliminary projects ready to be commercialized. This databases can be accessed through the following link: http://moi.govmu.org/online-databases

Moreover, the emerging biotech sector comprises companies engaged in bioinformatics, contract research, clinical trials, manufacturing of pharmaceuticals and medical devises, fish oil processing, biofertilisers and biofuels.

Opportunities exist for companies interested in bio-prospection, isolation and commercialisation of biotech organisms.

Legal framework:

  • Clinical Trials Act 2011, the Copyright Act
  • Patent, Industrial Designs and Trademark Act 2002
  • Genetically Modified Organisms Act 2004