Setting up a company in Mauritius offers several significant advantages:
1. Tax Efficiency
Mauritius provides a favorable tax regime for businesses. Key benefits include:
- Low Corporate Tax Rate: A flat corporate tax rate of 15%, with the possibility of effective tax rates being reduced further through various tax incentives and credits.
- No Capital Gains Tax: There is no capital gains tax in Mauritius, making it attractive for investment holding companies.
- Double Taxation Avoidance Agreements (DTAA): Mauritius has an extensive network of DTAAs with over 40 countries, reducing the tax burden on international transactions【34†source】【35†source】.
2. Business-Friendly Environment
Mauritius is ranked highly for ease of doing business. The government offers:
- Simplified Incorporation Process: Quick and straightforward company formation procedures, often completed within a few days.
- Robust Legal Framework: A hybrid legal system based on English common law and French civil law, ensuring strong protection for businesses.
3. Political and Economic Stability
- Stable Government: Mauritius has a stable political environment with a democratic government and a strong commitment to economic growth.
- Economic Diversification: The economy is well-diversified, with strong sectors in tourism, finance, ICT, and manufacturing, reducing risks associated with economic volatility.
4. Strategic Location
- Gateway to Africa and Asia: Mauritius is strategically located in the Indian Ocean, serving as a gateway for trade and investment between Africa, Asia, and beyond.
- Time Zone Advantage: The time zone (GMT+4) allows for convenient business operations across different regions.
5. High-Quality Infrastructure
- Modern Infrastructure: Excellent infrastructure, including advanced telecommunications, efficient logistics, and a reliable energy supply, supports business operations.
- International Connectivity: Well-connected through air and sea routes, facilitating international trade and travel.
6. Skilled Workforce
- Multilingual Workforce: A highly educated and multilingual workforce proficient in English and French, which are widely used in business and legal contexts.
- Talent Pool: Access to skilled professionals in various fields, including finance, IT, and management.
7. Financial Services Hub
- International Financial Centre: Mauritius is recognized as a reputable international financial center, offering a wide range of financial services, including banking, insurance, and investment funds.
8. Incentives for Investment
- Investment Promotion: The government actively promotes foreign direct investment (FDI) through incentives and support programs.
- Special Economic Zones (SEZs): Availability of SEZs with additional benefits and facilities for businesses.
