A recent article on Eye Witness News underlines Mauritius as the New African Hub. According to the writer, for decades, Mauritius has built long-standing relationships with key African and international bodies, including the Southern African Development Community, the World Trade Organisation and the Commonwealth of Nations. The country has always been viewed as particularly stable, having adopted a parliamentary democracy and an independent judiciary.
Mauritius has multiple bilateral trade agreements across Africa. It holds treaties with 44 countries and is politically and economically stable.
The Financial Services Commission (FSC) in Mauritius is well-respected and on par with international standards of governance and compliance. It is also a member of the International Criminal Court.
Mauritius also boasts sustained economic growth over a long period of time. It has been consistently ranked by the World Bank as being the easiest country to do business across the entire region – and it ranks 32 out of 189 global economies in the World Bank’s Doing Business 2016 paper. Mauritius also ranks 1st amongst African countries on the Global Competitiveness Index and the 2015 Index of Economic Freedom.
It boasts one of the most advantageous jurisdictions for tax structuring in Africa. All of this means that private equity firms are able to offer investors highly tax efficient earnings in one of the region’s most transparent and well-run democracies.
Global PE companies such as Quantum Global have registered multi-billion dollar funds on the island. The firm’s newly established office and team of highly experienced PE professionals, is the hub for the seven registered funds worth $3 billion offering investors optimal returns in a very well governed and risk-assessed environment.
Source: Eye Witness News