Mauritius is strategically located in the Indian Ocean with a favorable time zone (GMT+ 4) and a long history of free enterprise. Communication and transport with the rest of the world make Mauritius an ideal location for international business. There are regular flights to and from the most important destinations. The Port Louis Harbor is continuously undergoing development and is internationally recognised as a modern port.
Mauritius has a sound domestic economic base and capitalising on its strategic location, the Island is quickly transforming itself into a dynamic, credible and customer-oriented offshore jurisdiction, capable of providing a wide array of services. Activities such as fund management, investment holding, trading, shipping and banking are well established and are proving to be niche areas exploited by investors world wide to maximise benefits from the Mauritius jurisdiction.
Mauritius has been actively involved in regional co-operation and is a member of the Common Market for Southern and Eastern Africa (COMESA), the Southern African Development Community (SADC) and the proposed Indian Ocean Rim Association.
Politically, Mauritius has the tradition of a democratically elected government and has enjoyed political stability for decades.
The Country: Mauritius an island covering 1,865 square kilometers is situated some 2,000 kilometres off the East Coast of Africa. Being of volcanic origin, Mauritius has a central plateau and mountains scattered throughout the island, fast flowing rivers, tropical forests, white sandy beaches, transparent lagoon well protected from the open sea by the world’s third largest coral reef.
Human Resources: Mauritius enjoys a literacy rate of over ninety per cent. Education is free, and the educational system is constantly being improved. Graduates and qualified professionals including lawyers, accountants and chartered secretaries are trained both locally and overseas.
Comprehensive legislation was introduced to pave the way for non-banking offshore activities, following the set up of the first offshore bank in August 1989. The Offshore Authority was set up in November 1992 which played a crucial role in establishing and developing the offshore sector at large. The Authority has adopted a professional and pragmatic regulatory approach by continuously improving on its services and guiding operators on enhancing the competitiveness of the Mauritius offshore jurisdiction.
The Financial Services Act 2007 (FSA Act) also provides for the Financial Services Commission (FSC) to act as a one-stop-shop in all matters relating to Global Business. The FSC has also in place a fast-track incorporation and licensing procedure for bona-fide urgent applications.
The approved Global Business activities include: