Situated off the coasts of Southern Africa in the Indian Ocean, the Republic of Mauritius (“Mauritius”) is a strategic global business centre with operations commencing as far back as 1992. It is presently home to over 20,000 Global Business entities inclusive of Collective Investment Schemes and Close-Ended Funds serviced by over 20 banks including major international banks.
Mauritius has established itself as one of the leading economic reformers in Africa and successfully transitioned from a Low Income Country to a Middle Income Country. The impressive economic diversification has been facilitated by strong institutions in a politically stable and thriving business environment coupled with the effective use of trade preferences most notably with Europe and India which have been instrumental in driving growth.
Mauritius is now positioning itself for yet another important transition with the Government announcing an agenda to transform Mauritius into a High Income Country on the basis of growth which is sustainably generated and equitably distributed by 2025.
Regarding the banking and financial systems, Mauritius remains well capitalized and sound. The 2014 IMF Mauritius Article IV Report found that the Mauritian banking system is healthy and resilient to a range of shocks to their credit portfolios.
When it comes to global ranking, Mauritius is ranked 1st in the Africa Region and 29th overall in the World Bank Doing Business Survey 2015. It was also ranked 1st in the Mo Ibrahim Index 2014 for good governance and by Forbes Survey of Best Countries for Business 2014 in Africa.