Reasons To Invest In Mauritius
Due to its best practices, Mauritius has built itself a good reputation as a secure and reliable investment hub in terms of good governance, transparency, ethics, economic and political freedom. One of the major pillars of the Mauritian sector is its Financial Service sector. Mauritius provides higher and more value-added financial services due to continuously enhancing its range of financial products.
Attractive Tax System
Mauritius encourages local and foreign companies to set up business as it has a low tax jurisdiction and an investor-friendly environment. The current Fiscal Regimes are as follows:
- No Inheritance Taxes
- 80% Tax credits for offshore companies – GBL1 (actual tax rate of 3%)
- 15% Corporate and Personal Income tax rate
- 15% VAT (refundable)
- Tax-free dividends
- No capital gains tax
- Exemption from customs duty and VAT on equipment
- Free repatriation of profits, dividends, and capital
Political and Social Stability / Excellent Living Environment
Since its independence in 1968, Mauritius was one of the few African countries to enjoy political stability. Mauritius is a parliamentary democracy with a multi-party system and with general elections are democratically held every 5 years.
Mauritians highly value democratic norms and practices and no incidents have been reported over the past decades to indicate otherwise. All the successive governments have been strong champions of a market-driven economy where free enterprises can succeed and foreign investment thrives.
Availability of Qualified Workforce
As at September 2012, Mauritius has a labour force of 596 400. The literacy rate exceeds 80%. The impact of the
The Mauritian economy has expanded at a consistent pace the last four decades, roughly following growth predictions of the World Bank. It is no wonder that the country topples the African continent and some European countries when it comes to doing business http://www.doingbusiness.org/rankings.
Investment opportunities
Ranked 25th on the Ease of doing a business report of the World Bank, Mauritius has more to offer than just sandy beaches. Growth has been led by the service sectors, mainly booming financial services and tourism, with a substantial contribution from ICT, real estate, and retail trade. With major projects underway, Mauritius has international standards and provides secure investment opportunities. There is a series of schemes that are not only tax-free http://www.investmauritius.com/investment-opportunities.aspx but also given expert advice from specialized agencies.
Core inflation measures remain at moderate levels in the country with rare upward momentum. For more detail on Mauritius’ economic data, see the World bank’s report http://www.worldbank.org/en/country/mauritius.
A conducive political climate
Mauritius offers tax holidays, residency, and a very stable political climate. The business community has various institutions it can communicate on procedures, laws, and issues. Business communities are also organized sector-wise. The last few years have seen the amendment (sandbox agreements) of several laws to ease business reducing paperwork and approval requirement time. The smallness of the country makes it very easy to get the right person for an expert opinion. Whether one chooses to invest in leading sectors http://www.investmauritius.com/investment-opportunities.aspx or go for uncharted territory, the BOI and other institutions have been set up to assist investors. Mauritius has had trade relations with Africa, Europe, Asia, and the USA for over 200 years. The fact that Mauritians master 2 international languages and the intricacies of various cultures are essential elements to opening doors on various continents.
Article by: https://www.knowhouse.mu/reasons-to-invest-in-mauritius