Set Up Business in Mauritius And Experience Paradise Within The Nation
Mauritius is so much more than just a holiday destination. Not only is the country an example of a thriving multi-cultural society with people from all over the world, but it has also grown to become a vibrant business hub that is a melting pot of business from around the globe. Why are investors so keen to set up business in Mauritius? If you’re thinking about following in their footsteps, here’s are the benefits that you can get by running a business in the country:
The Openness of the Mauritian Economy
Mauritius has become one of the fastest growing in the sub-Saharan Africa. The entrepreneurial spirit is strong and active in the country. This is because the government is a key instrumental element that has helped make this happen. Foreign investors can settle hassle-free and be up and running in a mere three days.
The country has one of the most generous tax regimes in the world, with both personal and corporate tax being at a low of 15% and the dividends are tax free. Business operators which are import and export-oriented are able to enjoy duty-free privilege for their input and their equipment. Add that to the non-double taxation agreements with 33 countries so far, Mauritius has proved itself to be one of the best places in the world to setup a business in.
The Reliable Infrastructure
Efficient, reliable and supportive are words that best describe the infrastructure in Mauritius. The government has invested heavily into upgrading the overall infrastructure in the country. Meanwhile, the extensive network of roads including multiple lane highways in the south and north make conducting business in Mauritius easy.
Mauritius also has a well-developed digital network infrastructure with excellent telecommunications facilities, high bandwidth and high-speed internet. The airport and harbour of Mauritius are qualified to meet the needs of both cargo and passenger traffic. With regular air and sea connections to the rest of the world, there is no reason to not set up business in Mauritius.
The Skilled and Bilingual Workforce
Mauritius has no shortage of qualified professionals. They are highly proficient and has hailed from many internationally recognized educational institutions. From business consultants and engineers to tax professionals and architects, employers will find any skill they need right here in Mauritius. Being a country with one of the highest literacy rates in Africa, many of Mauritius’s workforce is fluent in English and French. Also, many others speak even a third language like Mandarin.
The Export Processing Zones
An owner who wants to set up business in Mauritius can take advantage of the several incentives. These are available in what is known as the Mauritius Export Processing Zones. The resident company will be able to enjoy an exemption from corporate tax for up to 10 years. The tax covers custom duties on capital goods and selected raw materials.