About Mauritius

About Mauritius

Mauritius Quick Facts:
Population: 1,281,000
Language: English and French
Literacy: 87%
Corporate Governance: 1st in Africa
Political regime: Uninterrupted democracy and free market economy since 1968

 

Stability
The democratic system of Mauritius is based on the Westminster Parliamentary System. There is a separation between Legislative, Executive and Judicial powers. The legal system combines civil and common law and is governed by the French Code Napoleon and British law. Mauritius opted to maintain its commonwealth membership and the right to appeal to the Judicial Committee of the privy council in London. The prestigious Wall Street Journal and The Heritage Foundation of Economic Freedom 2013 rank Mauritius 8th in the World over 185 countries.

Economy
Mauritius grew from a mono-crop economy in the seventies to diversifying to a number of sectors. The major poles of the economy are textile, sugar, tourism, financial services, ICT/BPO, real estate, seafood and aquaculture and knowledge hub. No sector is predominant but all are important and bring their valuable contribution to wealth creation.
The offshore sector comprise of around 30,000 entities which are licensed by the Mauritius Financial Services Commission. It has a vibrant activity and has been instrumental in channeling FDI into India over the past decade. This expertise is now being used to service the African continent.

Banking
The banking sector in Mauritius is robust and was barely affected by the 2008 financial crisis as the loan books of banks are well diversified. In addition, banking activities are strictly regulated with investment banking being run the traditional way. A number of international banks have a presence here including Barclays, Standard Chartered, Standard Bank, Deutsche, HSBC and Investec.
Other international investment banks often use Mauritius as a base for investments into India. These include Goldman Sachs, Morgan Stanley, Merrill Lynch and JPMorgan.

Tax perspective
The normal rate of taxation in Mauritius is 15%.Moreover some exemptions can be obtained by resident offshore companies which reduces their effective tax rate to 3%. Setting up a resident company is a simple and cost effective process. Investors in SIS portfolios are not subject to tax on their international portfolios in Mauritius meaning there is a greater potential for growth on these assets in the longer term.

Our sister company BTG Management (Mauritius) Ltd is expert in establishing both GBC 1 and GBC 2 companies as well as trusts.