It may seem incongruous that a small island nation in the Indian Ocean should have emerged as a highly competitive business platform, but with a skilled, well-educated work force, a convenient time zone, strong connectivity, efficiency and cost-competitiveness, Mauritius offers a unique value proposition in outsourcing services.
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.
The cost of service delivery in Mauritius is a significant advantage for firms pursuing cost-containment strategies. In fact, based on the cost components of staff remuneration, operations and technology, administration and accounting fees, Mauritius is a highly affordable outsourcing destination with no compromise on the level of quality or productivity.
Mauritius’ advantageous GMT +4 time zone allows business to be done with major markets within a single business day. Outsourcing back office administration and accounting to Mauritius permits firms to link trade zones from Asia, to Europe and the US.
The availability and affordability of qualified professionals, who are bilingual in English and French, also make Mauritius appealing to both English and French-speaking countries.
Financial regulation is based on international best practice standards in terms of legal framework and supervision. These standards, combined with an attractive tax regime – corporate tax 15%, personal income tax 15%, no capital gains tax and no tax on dividends – and a wide network of double taxation treaties, make Mauritius a popular destination for international businesses and asset managers to outsource their accounting and administration.
Sovereign Trust (Mauritius) can provide you with tailored services to meet all your back office needs, freeing your management time to focus on your business and clients. Our back office services include providing administration services to management companies set up in Mauritius, preparation of company and trust accounts, fund administration and payroll.