Investing in Mauritius
Over the years, Mauritius has matured as a reputable International Financial Centre (IFC) with the country acting as a catalyst for investments and trade towards buoyant economies and markets. As a jurisdiction, the island offers social and political stability, a solid legal system as well as a bilingual and sophisticated workforce.
Since its inception, the Mauritius IFC has attracted a number of international banks, law firms, corporate services providers, investment and private equity funds. It therefore offers a whole gamut of competitive financial products and services, ranging from private and investment banking to trust and foundation, and global headquarters administration, among others.
In its bid to promote this sector, the Mauritian government has spared no effort in the setting-up of a modern and innovative legal framework. The country is now unique in the region with regards to its competitive and well-regulated business environment. Its endeavour to respect International Best Practices is acknowledged by the World Bank, the Financial Action Task Force and the Organisation for Economic Co-operation and Development.
The sector is overseen by the Financial Services Commission (FSC), which regularly issues regulations, rules and guidelines in light of the evolving needs of the industry. The licensing framework has been consistently improved by streamlining the licensing process within a well-defined and consolidated stucture.
Over the years, the country has signed a number of Investment Promotion and Protection Agreements (IPPAs) with several African countries. These bilateral agreements aim at protecting and promoting the interests of investors in countries where they conduct business. Double Taxation Agreements (DTAs) have been signed or are currently being negotiated with other jurisdictions to encourage and facilitate cross-border investments.
Investors also benefit from the country’s membership in major African and regional organisations, such as the African Union, Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA), among others. Mauritius is in an ideal position to facilitate trade and investment.
Several other measures have been taken to enhance the country’s ability to attract investors. Massive investments have been made in modernising infrastructure, thus substantially improving connectivity. There is no doubt that the island is well poised to play a crucial role to attract investment for and across Africa, which offers a wide spectrum of opportunities.
13th globally in the World Bank’s Ease of Doing Business Report 2020
1st in Africa in Ease of Doing Business ranking of World Bank (2020)
1st on the Mo Ibrahim Index
52nd Global Competitiveness Index (out of 141 countries)
IFC at a glance
Number of Direct
(as at 31 Dec 2019)
(as at June 2019)