Besides the exceptional living environment of a tropical island, at the crossroads of Asia, Europe and Africa, Mauritius presents for foreign investors and of course for the French citizen and taxpayer, significant advantages. Mauritius has a very good reputation and an excellent brand image at the world level. The business environment is well framed. Tax policy is very attractive.
Investing in Mauritius is to invest abroad in a regulated country offering interesting tax and valuable opportunities, it is to invest in a dynamic economy but also in a stable, secure and historical Republic Close to France and England, in an idyllic environment!
The main attractions and advantages of Mauritius are:
Mauritius represents a significant benefit for foreign investors and of course for the French citizen and taxpayer.
A favourable political context, a pole of stability in Africa and the Indian Ocean, a deeply rooted parliamentary democracy: the alternation of power always accepted through free and transparent elections every five years, the separation of Powers and concern for good governance (guarantee of respect for public freedoms), the great vitality of civil society, the independence of the media, the independence of the judicial system and the political power offering the same guarantees to foreigners than to Mauritian citizens.
The Mauritian island has a very good reputation and an excellent image of brand at the global level with regards to ethics and good governance:
Mauritius is a signatory to the United Nations Convention against Corruption and a member of the International Court of Justice, investment security is ensured through international commitments, Mauritius is a member of the United Nations since April 1968, from the WTO since January 1995, member of the Commonwealth, La Francophonie, the African Union, member of the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for dispute settlement in matters of of investments, it concluded 17 investment promotion and protection agreements, one with France in 1973, in June 1996 Mauritius signed the NEW York Convention on International Arbitration, ratified in 2002 (ICSID arbitration Rules or UNCITRAL).
The business environment is well framed :
Taxation in Mauritius is light, transparent and fair: 15% fixed tax rate on income, on companies and VAT. The creation of business is very simple and fast and the licensing and licensing facility, the labor law is flexible and the recruitment of professional expatriates is allowed, the property right is respected, the financial sector (banks, insurance, is dynamic and modern, the protection of investors is ensured via the "Board of investment".
Tax policy is very attractive:
Mauritius has signed 33 non-double taxation agreements including one with France in 1982 which covers income tax and corporate tax, there is no exchange control in Mauritius, the free movement of capital is the rule, there are no taxes on dividends, neither on capital gains nor on wealth, there are no taxes on inheritance rights for direct descendants, profits and dividends are repatriable without any restrictions; The currency is stable: the Mauritian rupee (MUR) is convertible: 1 Euro = Rs 38 approx.
For foreign companies using Mauritius as an "offshore" financial platform, the tax rate on profit is between 0 and 3%, depending on the type of company chosen. In addition to the French Embassy in Mauritius, the proximity of Reunion Island, provides easy access to all the services of the administration, amenities and way of life in France, for French expatriates living in Mauritius.
Many Reunion companies have developed antennas and/or activities in Mauritius, given the tax advantages and strong local development. Recent agreements of the French State, under the cup of the prefecture of Reunion and the Reunion region, have been ratified with Mauritius, closer to the two "Sister islands".