Investing In Mauritius
Mauritius is a free, resilient and growing economy, offering enterprises many competitive advantages for domestic, regional and international growth.
As a business-friendly platform that complies with the most important international conventions on doing business, such as the Foreign Account Tax Compliance Act (FATCA) and the automatic exchange of information « CRS », Mauritius offers:
Social stability and a democratic Westminster parliamentary model;
A robust and reliable judicial system with the privy council of the Queen of England as the ultimate court of appeal;
A solid infrastructure in terms of air, maritime and telecommunications;
A bilingual workforce (English & French);
An access to some preferential markets – Cotonou agreement, African Growth and Opportunity Act, Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC);
A hybrid legal system made up of civil and common law, offering many fiscal planning possibilities;
An equitable labour law;
A pleasant lifestyle;
No exchange control;
Foreign ownership of real estate.
Mauritius also holds a fiscal policy that favours investments and growth, with some of the main features being:
- Dividends from local companies (GBCs and Domestic);
- Interests from local financial institutions;
- No capital gains tax;
- No inheritance tax;
- Certain fixed annual allowances;
GBCs benefit from a 15% tax rate, with the following exceptions:
- 3% tax rate if engaged in exports of goods;
- 3% or less if income sources are dividends and/or interests from a foreign source;
- 3% tax rate on overseas income derived by a Collective Investment Scheme (CIS), closed ended funds, CIS manager, CIS administrator, investment advisor or asset manager;
- No capital gains tax;
- No withholding tax on payment of dividends to shareholders.
Domestic companies benefit from a 15% tax rate, with the following exceptions:
- 3% tax rate if engaged in exports of goods;
- 3% or less if income sources are dividends and/or interests from a foreign source;
- 3% tax rate on overseas income derived by a (CIS), closed ended funds, CIS manager, CIS administrator, investment advisor or asset manager;
- No capital gains tax;
- 2% Corporate Social Responsibility (CSR);
- No withholding tax on payment of dividends to shareholders.