Government policy is firmly centred on promoting foreign and domestic investment. Mauritius has no withholding tax on dividends, interest and royalties, no capital gains tax, free repatriation of profits, no estate duty, inheritance tax or gift tax. The Mauritian currency is the rupee (MR), which is freely convertible. Mauritius’ advantageous GMT +4 time zone allows business to be done with major markets within a single business day.
Mauritius also has 44 tax treaties that are currently in force worldwide, while another seven – Gabon, Ghana, Jersey, Kenya, Morocco, Nigeria and Russia – have been signed and await ratification. A further four treaties have been negotiated and await signature, while 21 treaties are under currently under negotiation.
The Stock Exchange of Mauritius (SEM) is one of the leading platforms in Africa and also a member of a number of international bodies, including the World Federation of Exchanges, South Asian Federation of Exchanges and African Securities Exchanges Association and Committee of SADC Stock Exchanges.
Given its political, social and economic stability, efficient and effective regulatory framework, state-of-the-art infrastructure, transparent and innovative legal framework and highly competitive tax system, Mauritius claimed the highest score in Sub-Saharan Africa (SSA) and the Southern African Development community (SADC) in the World Bank’s 2018 ‘Ease of Doing Business’ report. Mauritius secured 25th position out of 190 economies globally.