Doing Business

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The Premium Investor Certificate, issued by the Economic Development Board (EDB) allows companies investing at least Rs 500 million, and companies involved in the manufacture of pharmaceuticals and medical devices, to benefit from bespoke incentives, upon recommendation of a Technical Committee and approval by the Minister. The objectives of the scheme are to promote the emergence of pioneering industries, innovative sectors and first movers. The two clauses below provides …

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The Economist Intelligence Unit (EIU) has published its 13th edition of the Democracy Index for the year 2020 on Thursday 4th February 2021. The abovementioned index evaluates the state of democracy in 167 countries around the world and it tracks their democratic evolution on a specific area of focus. The Democracy Index 2020 is particularly focused on the impact of the COVID-19 pandemic on freedom and democracy around the …

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The Economic Development Board (EDB) announced that the Mauritius International Financial Centre (IFC) joined the World Alliance of International Financial Centres (WAIFC) on the 19th of July 2019 in a bid to strengthen the position and visibility of the Mauritius IFC. WAIFC facilitates cooperation between financial centers, exchange of best practices and communication with the general public. The importance of Financial centers are described on the WAIFC website stating …

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Custodian Services (digital asset) Rules for 2019 The Financial Services Commission (FSC) published a notice on the website regarding custodian services (digital asset) rules for 2019. The FSC notes that these rules shall apply to any person carrying out custodian services for digital asset. It is also important to note that these rules should be read in conjunction with the relevant Acts and any guidelines which the Commission may …

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Business Report: How A Small Island Nation Became Africa’s Business Champion   The Business Report published its first-ever independently published investment guide.  This report was distributed at Davos for the World Economic Forum’s Annual Meeting.  The report, features Mauritius and is titled “How a small island nation became Africa’s business champion.”   The report looks at Mauritius and its massive success in turning a once poor economy to the most …

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Mauritius Tax Regimes NOT HARMFUL according to OECD Peer Review Results on Preferential Regimes   The Financial Services Commission, Mauritius (FSC) released a statement on the 16th of November 2018 regarding the Peer Review Results on Preferential Regimes that the Organisation for Economic Co-operation and Development (OECD) compiled and released.  The latest Peer Review from the OECD, released on the 15th of November 2018 assessed harmful tax practices of Preferential Regimes …

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Doing business in Mauritius is amongst the Top 20 countries in the world according to the Doing Business Report 2019   The World Bank published the Doing Business Report 2019 on the 31st October 2018.  Doing Business 2019 is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it.  Doing Business presents quantitative indicators on business regulation and the protection of property rights …

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LC Abelheim | Doing Business