Economy of Mauritius

Mauritius is an island nation. The Economy of Mauritius refers to all details of economic activities in this island nation.

Economy of Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, ICT and tourist sectors.

For most of the time the annual growth of Mauritius has remained to 4%. Mauritius has attracted US $10.98 billion in FDI or the Foreign Direct Investments inflows. Top sectors attracting FDI inflows from Mauritius are sectors of electrical equipment, telecommunications, fuels, cement and gypsum products and the services sector for both financial and non-financial services, from January 2000 to December, 2005.

Mauritius is one of the developing world’s most successful democracies with a well-developed legal and commercial infrastructure and a tradition of entrepreneurship and representative government,

The economy of Mauritius has shown a considerable degree of resilience, and an environment already conducive to dynamic entrepreneurial activity, which has moved further toward economic freedom of the country. The economy of Mauritius is increasingly diversified, with significant private-sector activity in sugar, tourism, economic processing zones, and financial services, particularly in offshore enterprises.

The government of Mauritius is increasing making its efforts to modernise the sugar industry of the island nation, to make the economy of the country grow with time. The government is also focussing on modernisation of its textile industry. Both of these industries were greatly dependent before on the trade preferences.

The government of Mauritius is now promoting diversification in trade to boost up the economy of Mauritius, in areas, such as information and communications technology, financial and business services, seafood processing and exports, and free trade zones. Agriculture and industry have become less important to the economy, and services, especially tourism, accounted for over 72 percent of GDP. The government still owns utilities and controls imports of rice, flour, petroleum products, and cement.

Why form an offshore company in Mauritius GBC 1 ?

Mauritius is an island with a surface area of 1,865 square kilometres. It is situated in the centre of the Indian Ocean located at 2,000 kilometres off the South East coast of Africa. Mauritius has a population of around 1.2 million inhabitants from Chinese, Indian, African and European descent.

Form an Offshore Company in Mauritius GBC 1

Benefits of Forming an Offshore Company in Mauritius GBC 1

  1. 15% corporate tax
  2. 0% tax on land transfer
  3. 0% tax on capital gains
  4. 0% tax on stamp duty
  5. Good for investors coming from India as GBC1 has double taxation treaty
  6. Banking facility available 24x7