MAURITIUS, INTERNATIONAL FINANCIAL HUB
Located in the Indian Ocean, Mauritius enjoys a stable democracy and a dynamic economy. For many years, Mauritius enjoys a steady growth that ranks the country at the first place in Africa in terms of GDP per capita. According to the Global Peace Index issued annually by the Institute for Economics and Peace, Mauritius has consistently been among the most peaceful countries in the world, free from conflict and violence. A true melting pot, the local population is diverse in ethnicity, culture and language. Not only is the island a haven of tranquillity known for its beautiful beaches and tropical flora, over the years, it has also positioned itself as a key International Financial Services Centre renowned for its integrity and fairness.
According to “Doing Business 2016” report published by the World Bank, Mauritius ranks 32 out of 189 in the list of most attractive countries in term of investment. Mauritius has set up a robust regulatory framework, compliant with Basel, IOSCO and other international initiatives aimed at preventing money laundering and terrorist financing. It has signed double tax treaties with many European and OECD countries and the Convention on Mutual Administrative Assistance on June 23, 2015 as well. Moreover, the Common Reporting Standard (CRS) for Automatic Exchange of information developed by the OECD has been adopted by the state for implementation, as of January 2017.
Besides the government’s incentives for investments, including competitive tax rules, a transparent investment code and the absence of exchange control, the country offers investors a stable economic and political environment, modern infrastructure, a solid judicial system and a highly skilled and dynamic workforce. Thanks to these strong advantages, Mauritius is ranked 21 in the world and first in Africa in the 2017 Economic Freedom Index.