Mauritius: International Financial Centre

Mauritius as an International Financial Centre

FDI Spotlight recently posted a very interesting article discussing the plans to establish  Mauritius as an International Financial Centre.  This article highlight that Mauritius was once called the “star and key of the Indian Ocean” due to its strategic position on the maritime spice route.

 

Mauritius is located between Asia and Africa and according to the Prime Minister, Pravind Jugnauth, Mauritius has become an “international financial centre of excellence and repute”.   Mauritius boast with an enormous outsize offshore sector with many international investors.  The favourable tax regime and its wide network treaties aids in the appeal to invest in Mauritius.

 

The article highlight extracts from the United Nations Conference on trade and Development World Investment Report.  One of these extracts reads: “Mauritius offers investors the advantages of an offshore financial centre in the Indian Ocean, with a substantial network of treaties and double-taxation agreements, making it the gateway for routing funds into Africa and India.”

 

The article discuss the road to going global for Mauritius.  The article further gives insight to the benefits of investing in Mauritius and discuss the Mauritian IFC that is made up of 22 local and international banks and what they offer the investor.

 

The article further give great insight in the plans Mauritius has to establish itself as an International Financial Centre.  The article ends with the words of Benimadhu stating that “our objective is clear that Mauritius plans to sell itself as a world class financial servies hub”.

 

Please click here to read the full article.

 

Source:  FDI Spotlight