WHY MAURITIUS

Mauritius being a diverse and multicultural nation of 1.3 million people, offers a range of investment opportunities in different sectors. 

Its ease of doing business ranking and stable governance creates the perfect business climate possible.

1.3 million

Population

3.2 % (2019)

REAL GDP GROWTH RATE

1.38 million

TOURIST ARRIVALS

199 billion (2019)

TOTAL IMPORT (C.I.F)

79 Billion

TOTAL EXPORT (F.O.B)

12740 $

GNI PER CAPITA

A competitive, well-diversified & broad-based economy

Over the years, Mauritius has crafted a strong growth-oriented developmental path which has enabled us to achieve one of the highest per capita income in Africa. Indeed, from USD 400 in 1968 when we obtained our independence, our development strategy has propelled us in the league of high-income countries with a GNI per capita of USD 12,740 in 2019. This strategy, built on a combination of political stability, strong institutional framework, and favorable regulatory environment have established the foundation for economic development, while open trade policies have been key in sustaining growth, gradually transforming Mauritius from a monocrop economy dependent on sugar cane as main source of foreign earnings in the 1960s into a competitive, well-diversified and broad-based economy and is now open for investment in over 15 sectors of activity.

Good Governance and Investor Protection

Mauritius is a beacon of political, social and economic stability. With its wide network of Double Taxation Avoidance Agreements and Investment Promotion and Protection Agreements (IPPAs), Mauritius offers investors a conducive environment for doing business which guarantees predictability, certainty and security. Mauritius is currently home to two leading arbitral institutions – the LCIA-MIAC, which is a partnership comprising the London Court for International Arbitration and the Mauritius International Arbitration Centre, and the Permanent Representative Office of the Permanent Court of Arbitration (PCA).

International Accolades/ Benchmarks

Mauritius is amongst the top 20 countries in the world for ease of doing business and has over the years consolidated its leadership position in Sub Saharan Africa.  This acknowledgement by the World Bank confirms that Mauritius remains a competitive and attractive jurisdiction for the international investors’ community. To further streamline processes and facilitate ease of doing business in Mauritius, the Economic Development Board, in collaboration with the European Union have officially launched the National Electronic Licensing System (NELS) on Thursday 28th March 2019.

The main objective of implementing a National Electronic Licensing System is to offer a single point of entry for application, payment and determination of business-related licences and permits. 
As part of the reforms underway, a Business Process Reengineering exercise is being carried out to streamline processes for the determination of 140 business-related licenses and permits across 14 ministries.  The setting up of NELS reaffirms the commitment of the Government to enhance our technological capabilities in addressing regulatory challenges. 

World Bank Doing Business 2020

Global Rank

13

out of 190 countries

Africa Rank

1st

In africa

Global Competitiveness Index 2019 – World Economic Forum

Global Rank

54

out of 140 countries

Africa Rank

1st

In africa

Corruption Perceptions Index 2019 - (Transparency International)

Global Rank

52

out of 180 countries

Africa Rank

3rd

In africa

International Property Rights Index 2019

Global Rank

40

out of 128 countries

Africa Rank

1st

In africa

Mo Ibrahim Index of African Governance 2020

Global Rank

out of countries

Africa Rank

1st

In africa

Press Freedom Index 2019 - (Reporters without Borders)

Global Rank

58

out of 180 countries

Africa Rank

5th

In africa

The A.T. Kearney Global Services Location Index 2019

Global Rank

30

out of 50 countries

Africa Rank

2nd

In africa

2018 Index of Economic Freedom - (Heritage Foundation)

Global Rank

25

out of 180 countries

Africa Rank

1st

In africa

Economic Freedom of the World 2019- (Fraser Institute)

Global Rank

8

out of 162 countries

Africa Rank

1st

In africa

Human Development Index 2019

Global Rank

66

out of 188 countries

Africa Rank

2nd

In africa

Democracy Index 2019 – The Economist Intelligence Unit – Full Democracy

Global Rank

17

out of 167 countries

Africa Rank

1st

In africa

Mercer’s 2019 Quality of Living Survey

Global Rank

83

out of 230 countries

Africa Rank

1st

In africa

Forbes Survey of Best Countries for Business 2019

Global Rank

39

out of 161 countries

Africa Rank

1st

In africa

The Travel and Tourism Competitiveness 2019

Global Rank

54

out of 136 countries

Africa Rank

1st

In africa

Social Progress Index 2019

Global Rank

44

out of 149 countries

Africa Rank

1st

In africa

Productive Capacities Index 2021– UNCTAD

Global Rank

46

out of 193 countries

Africa Rank

1

In africa

Global Innovation Index 2020 ( Cornell University, INSEAD, World Intellectual Property Organization )

Global Rank

52

out of 131 countries

Africa Rank

1

In africa

Sophisticated

A sophisticated International Financial Centre of Substance

Mauritius has a sophisticated, transparent and well-regulated international financial centre with a conducive ecosystem offering a complete range of financial products such as treasury management centres, global funds, protected cell companies, captives, family offices and trusts. To incentivize new activities, the Government has introduced tax holidays for setting up regional headquarters, investment banking, and fund management, amongst others. 

  • Telecommunications

    Mauritius is currently connected to two undersea cables namely: South Africa Far East (SAFE) and Lower Indian Ocean Network (LION)/LION2 cables for the provision of international Internet capacity. To position Mauritius on the digital superhighway, the island will be soon connected  to two additional international Fiber Optic Cables namely, the Indian Ocean Xchange Cable (IOX), linking Mauritius, Reunion Island and Rodrigues to South Africa and India and the MElting poT Indianoceanic Submarine System (METISS) connecting Mauritius, Reunion island, Madagascar and South Africa.

    In addition, the  Central Electricity Board through Fibrenet has implemented a second national fiber optic cable backbone in Mauritius. This network which complements the existing fibre infrastructure from telecom operators in Mauritius, aims at  boosting Government’s effort to provide affordable and accessible broadband services to all. 
     

  • Air Connectivity

    Mauritius is served by more than 20 Airlines and connecting over 150 destinations world-wide.  The country is well-placed to grow its footprint in Africa with code share agreements with South African Airways and Kenya Airways acting as two new gateways into the African continent.  The Single Africa Air Transport Market creates the potential for even broader connectivity.  Furthermore, Mauritius aims to position itself as a strategic hub, efficiently connecting Southern African markets to points in the Asia-Pacific. The projections point to approximately 8 million passengers being expected through the airport in 2040. - In terms of connectivity, Mauritius has direct service to 9 of top 15 airport Hubs in the world. This includes Paris, London, Singapore, Dubai, Johannesburg, Nairobi, New Delhi, Mumbai, Perth. 

  • Port Connectivity & Capacity

    Mauritius is developing an island container terminal to cater for container traffic beyond 2025. The Government is investing Rs 47 billion (USD 1.3 billion) for the development of the blue economy and the transformation of the Port Louis Harbour into a regional maritime hub. These projects include the construction of an island terminal, a wave breaker, a fishing port and storage facility for Oil and Gas amongst many others. The Mauritius Container Terminal (MCT) is set to become one of the largest container ports in the region; already, several projects are being implemented and with the wharf extension being completed over a length of 800 meters. This project, to the tune of MUR 6.5 billion, attests to the government's vision to make Port-Louis the privileged maritime platform of the Indian Ocean.
     

1

Currently, Mauritius offers preferential market access which guarantees a privileged access to 26% of the world’s population, given the country’s adherence to regional economic blocs such as COMESA, SADC, IOC, Interim EPA, and the AGOA.  Furthermore, a Free Trade Agreement with Turkey (FTA) as a well as a Preferential Trade Agreement (PTA)with Pakistan are in place. 

2

In addition, Mauritius has also concluded a Free Trade Agreement (FTA) with China. The country is equally negotiating a PTA with Indonesia. 

mauritius-india

We are also on the final stage of concluding a Comprehensive Economic Cooperation Partnership Agreement (CECPA) with India.  These new agreements once concluded will guarantee a preferential market access to 68% of the world’s population.

4

Although the internal market is small, market access to key emerging and mature markets offer compelling advantages to businesses to locate in Mauritius. It is worth noting that with Brexit, Mauritius has already signed an economic partnership agreement with the UK under the ESA-UK Economic Partnership Agreement (EPA) which will guarantee same access for Mauritian products into the UK. ESA comprises Madagascar, Mauritius, Seychelles, Zimbabwe and Comoros. 

Exquisite-Lifestyle

A vibrant culture, unique & exquisite lifestyle

Mauritius offers a quality lifestyle which combines comfort with luxury, modernity with cultural traditions, work with leisure. A wide range of modern facilities and amenities are available at reasonable costs, comprising quality accommodation, educational facilities, healthcare and medical facilities, shopping centre, recreational and sporting facilities. Mauritius is open to attract new talents, skills and technology.  Foreign nationals wishing to invest, work, live or retire in Mauritius may explore various avenues either through the Occupation Permit, the Residence Permit or the Permanent Residence Permit.

lifestyle

Quality of Life

Mauritius topped the Mercer’s Quality of Life Index as the African country with the best quality of life in 2019.  39 factors ranging from socio-cultural environment, to quality of schools and accommodation were taken into consideration in the index. Mauritius is also the highest-ranking African nation in the World Happiness Report 2019. 

Smart City Projects

The smart city projects scattered across the island are set to transform rural and urban landscape of Mauritius as we pursue our transformative journey and modern and better infrastructure. Numerous projects under mixed used development are conceived and implemented by private sector operators. They offer a powerful magnet to increase the flow of investment, creation of jobs and bring latest technology to our shores under the live, work and play concept. 

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More than 3,500 acres of land

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