World Map Mauritius

The Jurisdiction

Mauritius has built itself as an advantageous, safe and trusted jurisdiction for the conduct of business. It has consistently embraced the highest standards of international practices to make itself among the most open, competitive and low tax economies in the world. Strategically located in the Indian Ocean at the crossroad of international investments, Mauritius has forged a strong reputation as a premier international financial center.

mauritius world location

Overview

Mauritius is situated in the ‘golden triangle’ connecting Asia, Africa and Australia and is the converging point of global civilizations – a place where one can feel the cosmopolitan pulse of the world.

Renowned as a premier holiday destination, in the past decade Mauritius has quickly matured into a respected international financial services center, having adopted best international practices, sound regulatory practices and conducive business environment which have earned Mauritius a reputation of a reliable jurisdiction, as evidenced by the growing network of double taxation treaties based on the OECD model. Treaty partners include India, China, Singapore, South Africa, Luxembourg, France and UK, amongst others. Investors’ confidence in our financial services is evidenced by the growing number of enterprises registered in Mauritius.

Ever since it became independent in 1968, Mauritius has enjoyed social and political stability guaranteed by parliamentary democracy based on Westminster model. Mauritius enjoys a hybrid legal system. While private law is largely based on the French Napoleonic Code, public and administrative laws draw essentially from English common law. Although Mauritius is a Republic, the country still remains a member of the Commonwealth and the right to appeal to the Judicial Committee of the Privy Council is preserved.

Mauritius enjoys a state-of-the-art infrastructure and a well-developed network of internal and external communications through the SAFE and the LION international sub-marine fiber optic network passing through Mauritius providing fast and reliable internet connection to the world.

In addition, Mauritius is home to a well-educated and skilled population consisting of descendants of immigrants from India, Africa, Europe and China. Estimated at 1.2 million, most people in Mauritius are bilingual and are equally fluent in English and French.

Economic Benefits
  • Strategic location in the Indian Ocean and strategic time zone (GMT+4)
  • ­Recognized, well-regulated financial services centre of choice
  • ­Preferred jurisdiction for investments in fast growing and emerging economies in Africa and Asia (India and China)
  • ­Availability of highly-qualified professionals, bilingual in English and French
  • ­High-tech ICT connections – high communication speed and capacity
  • ­High bandwidth connectivity with Europe, South-East Asia and Africa
  • ­1st in Africa according to the World Bank Doing Business 2015 report and 28th out of 189 countries

Mauritius is recognized by international organizations for continuous improvement in its doing business regime. The country is today acclaimed as a leading investment destination. See: http://www.investmauritius.com/why-mauritius/benchmarks.aspx

Political and Legal Stability
  • Stable democratic political system and sustained economic growth
  • ­Sovereign and independent state
  • ­Market-driven economy which encourages free enterprise and foreign investment
  • ­Efficient banking system
  • ­Stock exchange open to foreign investors
  • ­Sound legal system based on English and French laws. The highest court of appeal is the Privy Council in the U.K.
  • ­Modern legislation in line with other financial centres (compliance services and terrorist funding legislation)
  • ­A high degree of confidentiality enshrined in Mauritian laws
Reputable Jurisdiction
  • White listed jurisdiction recognized by OECD
  • ­Innovative set of investment vehicles
  • ­Significant cultural links with Africa, India, China, France and the United Kingdom
  • ­Preferential trade links with USA, Europe, India and Africa
  • ­Member of the economic free trade organizations: Southern African Development Community (SADC), the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) and the Common Market for Eastern and Southern Africa (COMESA)
  • ­Mauritius has also signed Investment and Promotion and Protection Agreement (IPPA) with a number of countries in Africa
  • ­Membership to the International Court of Justice; the International Centre for Settlements of Investments Disputes; and the Multilateral Investment Guarantee Agency.

Read more here: http://www.fscmauritius.org/about-us/local-international-cooperation.aspx

Financial Services & Regulatory Framework

Financial services is one of the main pillars of the Mauritian economy.

In this era of global competition, Mauritius is constantly innovating to keep at pace and maintain its competitive edge. Within the last decade, Mauritius has come up with new legislation and regulations to expand the scope and depth of services that may be offered, which has resulted in a financial services industry that has quickly matured, with international banking institutions, insurance companies, investment companies, venture capital companies, fund managers, money changers, leasing companies, and management companies coming to establish business in Mauritius.

With innovative legislative framework, Mauritius offers investors with a diverse product base for planning and optimization of benefits. Global business companies (GBCs) benefit from a low to nil tax rates and can be organized as collective investment vehicles, protected cell companies (PCC), private trust companies (PTCs), trusts and partnerships amongst others. GBCs can also benefit from the Double Tax Avoidance Treaties with various countries.

The financial services sector is regulated by two main bodies who have adopted the best international practices in order to prevent misuse of the jurisdiction, each with specific statutory objectives:

  • ­The Bank of Mauritius (BOM), set up in 1966, responsible for the regulation of banking services
  • ­The Financial Services Commission (FSC), set up in 2001, as an integrated regulator for non-banking financial institutions and global business

Mauritius benefits from a low cost of operations and offers a series of attractive fiscal incentives such as no tax on dividends, no withholding tax on interest, royalties and dividends, no estate duty, inheritance, wealth or gift taxes, no stamp duties, registration duties and levies.

The jurisdiction is consolidating its reputation as a jurisdiction of substance for emerging market funds and is more and more being considered as a gateway for investments in Asia and Africa. To sustain its development as an international financial centre of substance, Mauritius has already embarked on a strategy of enhancing its range of financial products and moving towards the provision of higher end and value added services.

Fiscal Benefits
  • Low taxation – minimum tax liability of 3%
  • ­No foreign exchange control
  • ­No withholding tax on dividends
  • ­No capital gains tax
  • ­No estate duty, inheritance or wealth tax
  • ­Exemption from income tax for certain companies
  • ­Extensive network of DTAAs and IPPAs

More in this category: Regulatory & Tax Aspects »

About Us

Founded in 2010 and licensed by the FSC Mauritius, GFin Corporate Services Ltd., a Mauritius management company, provides legal, tax, fiduciary, investment and fund administration services to private, corporate and institutional clients. We provide administration, corporate secretarial, accounting and management services to Mauritius-formed entities.

We deliver tailor-made solutions to our privileged clients whether they are an entrepreneur or an established international group.

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