Mauritius has successfully diversified its activities from being a low-income, monocrop economy to one supported by many more pillars, with an increased emphasis on innovation and services (agri-business, tourism, education, ICT, Freeport and logistics, creative industries, renewable energies, etc). It hosts a buoyant financial services platform.
The island has overcome its inherent lack of natural resources by adopting the path of diversification, leveraging its other assets. Part of the strategy has been to focus on the development of its offshore centre and on the use of its growing network of Double Taxation Agreements.
Many multinational corporations use Mauritius to route their investments into growth regions such as India, China and Africa. The various tax treaty benefits are aimed to attract investors wishing to minimise their costs when repatriating income from their investment in the treaty country where they have invested.
The IPPAs signed with Africa confers the advantage of offering full protection of foreign investments in Africa. Mauritius is deploying considerable efforts into positioning itself as a secure platform for investment into Africa and a global business hub. Mauritius has been, for a number of years now, ranked as the top investor in India.
The bilingual, young population of Mauritius and literate workforce offer good prospects for developing business further and offers increasing areas of opportunity.
More information on doing business in Mauritius