Why Mauritius

About Mauritius

Mauritius offers foreign investors with an extensive network of treaties making it the gateway for investments in India, African countries and other areas. Having been channelled through Mauritius since the early 1990’s, the assets amount to over six hundred billion United States Dollars ($600 billion). In comparison to its offshore financial centre competitors, only Luxembourg has a larger portfolio of foreign direct investments relative to the size of its economy (fifty times for Mauritius). Additionally, Mauritius has a favourable network of investment promotion and protection agreements (IPPAs) on top of the DTAs in force.

The Government of Mauritius constantly stresses a focus on service quality, providing foreign-based investors with a business-friendly environment within a rigorous regulatory framework. Mauritius adheres to internationally and globally recognised standards, meaning that it is “White” listed by the Financial Action Task Force (FATF) and thus considered and regarded as an equivalent and compliant jurisdiction internationally. Mauritius has also been one (1) of the first offshore financial centres to implement the United States Foreign Account Tax Compliance Act (FATCA) as well as becoming an early member of both the South African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA).

Mauritius Information

LocationIndian Ocean
Continental belongingAfrica (Sub-Saharan)
Time zoneGMT + 04:00
Area2,040.00 Km2
CapitalPort Louis
Official languageNone
Spoken languagesEnglish, French, Hindi and Creole
Ethnic groupsIndo-Mauritian, Creole, Sino-Mauritian and Franco-Mauritian
ReligionsHindu, Roman Catholic, Muslim, other Christians and others
Unemployment rate7.50%
Median age34.80 years
Population growth rate0.61%
Birth rate13.10 / 1,000
Death rate7.00 / 1,000
Life expectancy75.60 years
HIV rate (2015)0.88%
Literacy rate90.60%
TypeParliamentary Republic
Administrative divisions9 districts and 3 dependencies
Independence12 March 1968
Republic12 March 1992
ConstitutionAdopted in 1968 and amended in 2015
CitizenshipBy birth, descent, naturalisation and dual
Suffrage18 years of age
Head of StatePrime Minister
Chief of StatePresident
Government branchesExecutive, legislative and judicial
National anthemThe Motherland
National emblemThe Dodo bird
Flag coloursRed, blue, yellow and green in four superposed horizontal lines

Source: The Central Intelligence World Fact book (2016 data unless otherwise specified) and the Mauritius Central Statistics Office (2016 data unless otherwise specified).

Economic Data of Mauritius

The table below provides information relating to the economy of Mauritius.

CurrencyMauritian Rupee (Rs. or MUR)
GDP per capita, PPP (current international $)$ 23,942.00 (2019)
Gross savings – % of GDP17.09% (2019)
GDP (current US$ billions)14.2 (2019)
GDP growth rate (annual)3.55% (2019)
Inflation – GDP deflator0.94% (2019)
Services – value added % of GDP67.25% (2019)
Industry (including construction) – value added % of GDP17.37% (2019)
Agriculture, forestry & fishing – value added % of GDP2.86% (2019)
Exports of goods and services – % of GDP29.17% (2019)
Import of goods and services – % of GDP53.63% (2019)
Gross capital formation – % of GDP19.80% (2019)
Revenue excluding grants – % of GDP22.62% (2018)
Net lending (+) / net borrowing (-) – % of GDP-1.93% (2019)

Source: The World Bank, the Central Intelligence World Fact book and the Mauritius Central Statistics Office (2018 & 2019).

Mauritius Competent Authorities

The Global Business sector in Mauritius is primarily overseen by the four (4) government bodies listed below:

  • The Financial Services Commission of Mauritius (the “FSC”)
    The Financial Services Commission (“FSC”) is the regulatory authority responsible for the supervision and inspection of all financial services other than banking in Mauritius. The FSC operates under the tutelage of the Mauritius Ministry of Finance and Economic Development (“MFED”).
    Website: https://www.fscmauritius.org/en
  • The Corporate and Business Registration Department
    The Corporate and Business Registration Department of Mauritius (the “CBRD”) or the Registrar of Companies (the “ROC”), as it is often referred to locally) is the government office responsible for the incorporation, registration and striking off of legal entities in Mauritius and operates under the tutelage of the MFED.
    Website: http://companies.govmu.org/English/Pages/default.aspx
  • The Mauritius Revenue Authority (the “MRA”)
    The Mauritius Revenue Authority (the “MRA”) is the revenue authority of the Government of Mauritius and operates under the tutelage of the MFED. The MRA is responsible for the assessment of liability, the collection and accountability of taxes and the management, operation and enforcement of revenue laws.
    Website: http://www.mra.mu/
  • The Economic Development Board (the “EDB”)
    The Economic Development Board (the “EDB”) is the national investment promotion agency of the Government of Mauritius. Its primary functions are to promote and facilitate investments in Mauritius. The EDB is the first point of contact for investors willing to explore business opportunities in Mauritius and also to acquire residence and work permits.
    Website: https://www.edbmauritius.org/

Mauritius International Benchmarks

Mauritius is recognised on the world stage by international organisations and regulatory bodies as a jurisdiction which offers and strives for continuous improvements in its “ease of doing business” regime. Based on numerous internationally recognised classifications as per the table below, Mauritius is regarded as a leading jurisdiction for channelling investments across the globe.

NoIndexGlobal RankAfrica Rank
1World Bank Doing Business 202013 out of 190 countries1st
2Global Competitiveness Index 2019 – World Economic Forum54 out of 140 countries1st
3Corruption Perceptions Index 2019 – (Transparency International)52 out of 180 countries3rd
4International Property Rights Index 201940 out of 128 countries1st
5Mo Ibrahim Index of African Governance 20191st
6Press Freedom Index 2019 – (Reporters without Borders)58 out of 180 countries5th
7The A.T. Kearney Global Services Location Index 201930 out of 50 countries2nd
82018 Index of Economic Freedom – (Heritage Foundation)25 out of 180 countries1st
9Economic Freedom of the World 2019- (Fraser Institute)8 out of 162 countries1st
10Human Development Index 201966 out of 188 countries2nd
11Democracy Index 2019 – The Economist Intelligence Unit – Full Democracy17 out of 167 countries1st
12Mercer’s 2019 Quality of Living Survey83 out of 230 countries1st
13Forbes Survey of Best Countries for Business 201939 out of 161 countries1st
14The Travel and Tourism Competitiveness 201954 out of 136 countries1st
15Social Progress Index 201944 out of 149 countries1st


Banks in Mauritius

The banking industry in Mauritius is comprised of eighteen (18) commercial and investment banks and is characterised by a diverse range of services provided by each individual bank. The Bank of Mauritius is the regulatory supervisory body for all commercial and investment banks in Mauritius which are listed below:

1. AfrAsia Bank Limited;
2. ABSA Bank Mauritius Limited;
3. SBM Bank (Mauritius) Ltd;
4. The Mauritius Commercial Bank Ltd;
5. Bank One Limited;
6. Standard Chartered Bank (Mauritius) Limited;
7. Investec Bank (Mauritius) Limited;
8. Standard Bank (Mauritius) Limited;
9. SBI Bank (Mauritius) Ltd;
10. MauBank Ltd;
11. The Hongkong and Shanghai Banking Corporation Limited;
12. BCP Bank (Mauritius) Ltd;
13. Bank of Baroda Limited;
14. ABC Banking Corporation Limited;
15. Warwyck Bank Limited;
16. BanyanTree Bank Limited;
17. Habib Bank Limited; and
18. Bank of China (Mauritius) Limited.

Source: The Bank of Mauritius.

Disclaimer: AAMIL partners with the above-mentioned banks with regard to the bank accounts opening applications procedures of its various clients and their incorporated entities. AAMIL is neither a subsidiary, branch nor affiliate of any Banks. Each Bank has its own on-boarding and client acceptance procedures and criteria which AAMIL does not influence nor control.