Mauritius - Offshore Investment

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Like many reputable holiday companies we are ABTA registered, our ABTA membership number is 65310.

We also use ATOL protected tour operators. However if you wish to use a tour operator who is not ATOL protected then we will take our supplier failure insurance on your behalf.

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As part of its continuing diversification strategy and in order to sustain economic growth, the government initiated offshore business in Mauritius in 1992. Offshore activities include banking, insurance, fund management, trusteeship of offshore trusts, operational headquarters, international consultancy services, shipping and ship management, and aircraft financing and leasing.

Offshore banks operating in Mauritius include Bank of Baroda, Banque Internationale des Mascareignes, Barclays, Deutsche Bank and Investec.

There are considerable incentives for offshore business activities in Mauritius. Personal and corporate tax rates are only 15% and dividends are tax-free. Furthermore, Mauritius has double taxation agreements with 36 countries and several more currently under negotiation. Those already completed include China, France, Germany, India, Italy, Pakistan, South Africa, Sweden, Singapore and the UK. Offshore companies can take advantage of those treaties and may obtain a certificate of fiscal residence from the Mauritian tax authorities stating that a company is resident in Mauritius for the purpose of tax.

Other financial institutions which support the development of Mauritius as a financial centre include the Development Bank of Mauritius, State Investment Corporation, Mauritius Leasing Company and Stock Exchange of Mauritius.

The Stock Exchange (4th Fl, 1 Cathedral Sq Bldg, 16 Jules Koenig St, Port Louis; % 212 9541; f 208 8409, e stockex[at]sem.intnet.mu; was launched in 1989 and is playing an important role in mobilising funds on behalf of companies listed on the Stock Exchange. Similarly, the offshore banking sector is authorised to provide loans in foreign exchange to the EPZ sector at competitive rates. The Mauritius Leasing Company provides financial leases up to 100% of the value of production equipment for a period of three to seven years.

Mauritius is also a freeport which was established in 1992 under the control of the Mauritius Freeport Authority (10th Fl, 1 Cathedral Sq Bldg, 16 Jules Koenig St, Port Louis; % 203 3800; e contact[at]investmauritius.com; efreeport.com). The freeport is a regional warehousing, distribution and marketing centre and has seen significant infrastructure development in recent years by private developers. Companies import goods mainly from China, India and Thailand and then re-export to Madagascar, Hong Kong, Singapore and African countries. The principal products re-exported are frozen fish, textiles, machinery and electronic equipment, chemicals, foodstuffs and pharmaceuticals.

However, Mauritius should not be thought of as a tax haven manipulated by ‘brass plate’ operators. A proven presence locally must be established (for which accountants and company formation firms can be hired) to obtain a tax residence certificate. This enables offshore companies to have an optional zero tax rate and exemption from profit tax, stamp duties and capital gains tax.

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Mauritius - Offshore Investment

Economy

Mauritius - Offshore Investment