EU Green Deal: Unlock new market opportunities in Europe
2 Déc 2024
For more than 30 years Mauritius has strived to create a stable, secure and dynamic global financial centre for investors - a commitment that is paying off
Mauritius may be best known for its alluring island lifestyle, mild tropical climate, and breathtaking scenery, but it is also one of Africa’s biggest success stories. Since the island’s independence in 1968, the government has leveraged its strategic location in the Indian Ocean between Asia, Europe and Africa, to grow and diversify its economy, with a focus on developing a robust financial centre of excellence that has punched above its weight for years. In 2024, Mauritius was ranked as one of the preferred destinations for millionaires worldwide, with more than 5,000 millionaires calling Mauritius home.
The 2024 report on global wealth migration by investment advisers Henley & Partners proclaims the island as a sovereign state with high levels of safety and security that remains largely shielded from the world’s political and economic problems. A beacon of political, social, and economic stability, which is increasingly rare in the world today, Henley & Partners anticipates Mauritius to continue catching the eye of the world’s ultrawealthy in the future, expecting its millionaire demographic to almost double over the next decade.
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Tom Hopgood, an economist at GlobalData, says Mauritius is one of the most business-friendly destinations in Africa, underpinned by a robust legal system which combines the French Code Civil and the British Common Law, an independent judiciary and solid democratic institutions that have a long history. It is also noteworthy that in case of commercial litigation, the investors’ highest court of appeal is the judicial committee of the Privy Council in UK. The country’s regulatory framework is recognised by global institutions such as the World Bank, Moody’s Rating, the OECD, the EU and The Financial Action Task Force (FATF).
