World Bank’s Doing Business Report 2018
The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
Doing Business captures several important dimensions of the regulatory environment as it applies to local firms. It provides quantitative indicators on regulation for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures features of labor market regulation. Although Doing Business does not present rankings of economies on the labor market regulation indicators or include the topic in the aggregate distance to frontier score or ranking on the ease of doing business, it does present the data for these indicators.
The Doing Business report 2018 ranked Mauritius 25th out of 190 countries in terms of Ease of Doing Business. Mauritius’ score witnessed a significant increase of 25 places with respect to its position last year. The score went from 75.45 as per the revised Doing Business Report to 77.54. Mauritius has consolidated its position as the most competitive economy in Sub Saharan Africa ahead of other countries such as Rwanda (41), Morocco (69), Kenya (80), Botswana (81) and South Africa (82).
Mauritius was ranked under the Top 10 countries for dealing with construction permits and paying taxes. The Doing Business Report 2018 has reported improvements in ranking in 8 out of 10 indicators, dis includes starting a business, dealing with construction permits, getting electricity, registering property, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
Mauritius has made a lot of reforms since Doing Business 2008 to make it easier to do business in Mauritius. Following are a few of the reforms that was witnessed in the Doing Business 2018 report:
- Starting a Business: Mauritius made starting a business easier by exempting trade fees for licenses below MUR 5,000 and introducing the electronic certificate of incorporation.
- Dealing with Construction Permits: Mauritius made dealing with construction permits faster by outsourcing the design and construction of sewerage connection works.
- Registering Property: Mauritius made it easier to transfer property by eliminating the transfer tax and registration duty, implementing a complaint mechanism and publishing service standards.
- Trading across Borders: Mauritius made trading across borders easier by improving the Cargo Community System, introducing advanced electronic document submission and updating the risk-based inspection system.
It is clear that Mauritius are making a significant effort to make it easier to do business in its country.
You can read the full report here.