Increase in FDI for First Half of 2024
25 Oct 2024
Mauritius welcomes investment and embraces business. Globally recognised as a safe, stable and easy environment to conduct business, Mauritius is a great place to invest, work, live and retire, with future ready infrastructure, global connectivity and world class talent.
Invest in a project of at least Rs 500 million and take advantage of incentives, rebates, exemptions and preferential rates.
Leverage on our unparallel preferential market access to 68% of the world’s population and benefits from a panoply of Free Trade Agreements.
Mauritius’ residence program allows foreign nationals to make a real estate investment into the country and apply for a residence permit to live, work, and retire in Mauritius.
Live and work remotely from Mauritius and experience a long stay or retire in a picture-perfect tropical paradise.
Leverage on our unparallel preferential market access to 68% of the world’s population and benefits from a panoply of Free Trade Agreements.
An attractive and thriving place for business with an incomparable art de vivre, Mauritius is the perfect home to the citizen of the world. The island is often referred internationally as the “Star and Key of the Indian Ocean”. “Star” for its strategic location on the network of air and sea routes between Asia, Europe and Africa and “Key” as an international financial hub of excellence that ‘unlocks’ business opportunities and access to the African continent.
Mauritius has the most enabling and appealing business environment in the sub-Saharan African region. Politically stable and fully secured, the island enforces a strong independent hybrid judiciary system based on the French Code Civil and the British legal System. It has strong public and private supporting and collaborative institutions and a working democracy with a free press. Mauritius ranked among the 24 countries considered as “Full Democracy” by the Economist Intelligence Unit in 2023 and is the only country in Africa to be considered as such.
Local labour force is bilingual, often trilingual with English and French being the main languages used together with the native creole. The rate of literacy is about 93%. The opening up of the economy has had a favourable impact on the growth rate of the country with increased transfer of technology, knowledge, talents and capital. In its pursuit to become a high-income economy, Mauritius is actively encouraging foreign talents, know-how and investment into the country.
Whether you are an investor, a professional, a self-employed or a retired non-citizen, there are a number of compelling reasons to consider Mauritius as your location for doing business and living. Foreign nationals wishing to work, live or retire in Mauritius may explore various avenues either through the Occupation Permit, the Residence Permit or the Permanent Residence Permit.
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.
The Mauritius-China Free Trade Agreement (FTA) was signed in October 2019 after only 4 rounds of negotiations. The FTA, which came into force on 1 January 2021, is the first agreement which Mauritius has signed comprising a text on Trade in Services.
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 11,416 in 2023. 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.
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 the following arbitral institution: the Permanent Representative Office of the Permanent Court of Arbitration (PCA).
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.
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.
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.
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. 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.
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.
Mauritius topped the Mercer's Quality of Life Index as the African country with the best quality of life in 2023. 39 factors ranging from socio-cultural environment, to quality of schools and accomodation were taken into consideration in the index. According to World Happiness Report 2022, Mauritius is still the highest-ranking African Nation.
Mauritius offers a quality lifestyle which combines comfort with luxury, modernity with cultural traditions, work with leisure. Mauritius is open to attract new talents, skills and technology. Foreign nationals wishing to invest, work, live and retire in Mauritius may explore various avenues either through the Occupation Permit, the Residence Permit or the Permanent Residence Permit.
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.