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Mauritius - Business

Over the past four decades Mauritius has successfully followed an economic strategy of diversification and industrialisation. One element of this was to attract direct foreign investment, with the result that Mauritius has developed good facilities for business. There are direct scheduled flights from Europe, Africa, the Far East and Australasia, a reliable infrastructure and sophisticated communication links. The local workforce is an added advantage with Mauritius enjoying the highest adult literacy rate in Africa and most individuals being fluent in English and French. The success which Mauritius has experienced has been recognised by a number of international organisations. In the World Bank’s Doing Business Survey 2012, Mauritius was ranked 23 out of 183 countries and first in the sub-Saharan African region.

There are a number of organisations that exist both to develop and promote Mauritius as a centre for business and investment, and also to provide support to existing companies.

Mauritius Chamber of Commerce (MCCI). Founded in 1850, the MCCI now has 400 members representing a wide spectrum of economic sectors from commerce & industry to banking, insurance, transport & tourism. Affiliated to the MCCI are the Chinese Chamber of Commerce, the Indian Traders’ Association & the Mauritius Chamber of Merchants. The MCCI’s activities include constant dialogue with government, trade fair & mission organisation, providing commercial information & defending the economic interests of Mauritius through contact with the European Union. There is a consultancy service for small businesses & computer & system analysis courses are held. Every year the MCCI issues an annual report, essential reading for anyone interested in doing business in Mauritius.

Board of Investment (BOI);. The BOI was established in March 2001 as the body responsible for promoting Mauritius as an international investment & business centre. It is also charged with considering investment proposals & issuing investment certificates. In recent years, the BOI has opened offices in Paris & Mumbai. Its website contains useful information on working & living in Mauritius, investment opportunities & legislation relevant to doing business.

International Management (Mauritius) Ltd (IMM) Les Cascades Bldg, Edith Cavell St, Port Louis; % 212 9800; e ds[at]cimglobalbusiness.com; cimglobalbusiness.com. IMM is a member of the CIM Financial Group, which is a wholly owned subsidiary of the Rogers Group, one of the largest & best-known companies in Mauritius, with representation in the UK, Australia, South Africa & Singapore. IMM helps clients to set up, manage & administer offshore entities including companies, trusts & funds & to liaise with the FSC (see below). IMM carries a stock of ready-formed shelf companies & can obtain name approval for new companies within 2 working days. IMM also provides consultancy services to clients wishing to be onshore rather than offshore & provides advice on obtaining residency permits.

Financial Services Commission (FSC) The FSC was established in 2001 under the Financial Services Development Act & is the independent regulator of non-bank financial services. The FSC licences, regulates & supervises the non-banking offshore sector, while co-ordinating government agencies & private organisations dealing with the sector.

Mauritius - Business

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