The Republic of Mauritius is experiencing dramatic growth. This offshore location provides options for international clients, particularly those with an interest in business into and out of African and Asian markets. Mauritius is a member of the WTO, the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC), and has the effective commercial and legal infrastructure required to support the development of a global business network. It is also party to a number of double taxation agreements and is listed on the OECD “white list”.
The importance of Mauritius as a gateway for investment into Africa was highlighted in the 2016 annual ‘Doing Business’ report from the World Bank. In the report the Bank identified Mauritius as Africa’s ‘Most Business Friendly Country’. The objective of the report is to assist governments and potential investors ascertain how easy it is to create startups and investment opportunities across the world.
Since independence from Britain in 1968, Mauritius has diversified its economy with growing industrial, financial, and tourism sectors. For most of the period, annual growth has been in the order of 5% to 6%. With a population of 1.2m and a highly educated workforce, the government is successfully encouraging the introduction of external financial institutions to stimulate investment and diversify the economy.
Appleby’s Mauritian office focuses on corporate and commercial work for international clients as well as advise on disputes.