/ Business Strategy / Organizational Alignment / Business Development / Interim Management! MAURITIUS! March 2016!

Transcription

1 / Business Strategy / Organizational Alignment / Business Development / Interim Management! MAURITIUS! March 2016! 5th Floor Medine Mews 4, Chaussee Street Port Louis Republic of Mauritius info@lpconsulting.global

2 MAURITIUS THE IDEAL PLATFORM FOR INVESTMENTS IN AFRICA AND ASIA

3 1) Key Feature: Political Stability Mauri7us is a long- established, mature democracy, with all the key benefits such as freedom of speech and equality before the law. In the last decades Mauri7us has achieved an interna7onal strategic posi7oning, winning foreign investments and developing one of the highest pro- capita income within the African Con7nent. The Index of African Governance has consistently rated Mauri7us the best run country in sub- Saharan Africa based on: safety & security, rule of law, transparency & corrup7on, par7cipa7on & human rights, sustainable economic opportunity, human development.

4 2) Ket Feature: Cultural Diversity Popula7on in Mauri7us is formed by different ethnic groups that populated the country in several phases and that have been able to build a good harmony based on solidarity and mutual respect. Besides the official language that is English, also Creole and French are widely spoken. Ethnic groups: Hindus: 50% Creole & White: 30% Muslims: 17% Sino-Mauritians: 3%

5 3) Key Feature: Innovation Mauri7us in the last 40 years successfully moved from a mono- crop agricultural economy (sugar) to a diversified industrial one, adding tourism and export industries (EPZ) as key drivers of the last genera7on fast growth (in 2004 the economy was 4 7mes bigger than in 1997!). The 4 th cylinder of the economic development, the new high- tech, communica7on and financial interna7onal services, is already a reality. Over the past 20 years the economy has grown by about 5% per annum.

6 Statistics: Popula7on: 1,3 Mio circa Growth Rate: 0.66% Official Language: English Urban Popula7on: > 40% Life Expecta7on: 75 years Literacy Rate: 89% Unemployement: 8,0% (2014) Per Capita PPP: 17,900 USD (2014) GDP Growth: 3,3% (2014) GDP Composi7on: agriculture: 4,5% industry: 22.3% services: 73,2%

7 The World Bank Rank Solid sta7s7cs for a country con7nuously growing Global Ranking: Easy of doing business: 28 th economy out of 189 Star7ng a Business: 29th Gegng Credit: 36th Paying Taxes: 13th Protec7ng Minority Investors: 28th Trading Across Borders: 17th Enforcing Contracts: 44th

8 WHY INVESTING IN MAURITIUS? Duty Free imports into Freeport Low taxed trading profits and re- investment offshore Duty free and quota free imports

9 An investor friendly environment Over the last 40 years Mauri7us successfully transformed its economy, evolving from a mono- crop (sugar cane) economy to a new, diversified economic model, based on innova7on and know- how. Mauri7us has developed an important tourism industry, has reinforced its know- how and exper7se in the tex7le sector and became the most important financial hub of Africa. Mauri7us ranks regularly 1st in Africa's Democracy Index compiled by the Economist Intelligence Unit and is categorized as full democracy. For the sixth consecu7ve year, the World Bank s 2014 Doing Business report ranks Mauri7us first among African economies (20th worldwide, out of 189 economies) in terms of overall ease of doing business.

10 An investor friendly environment Mauri7us has a strong track record within the global investment community using its financial plamorm for inves7ng in or serving emerging countries. The private sector is dynamic, very recep7ve to foreign investment and open for joint venture collabora7ons. By leveraging its strategic posi7on at the crossroads of Africa, Asia and Australia, Mauri7us is gradually transforming itself into a hub and an interna7onal jurisdic7on for investors in search of security, transparent regula7on and high value- addi7on. Investors are protected by the hybrid legal system based on English and French laws. The Highest Court of Appeal is the Privy Council in the U.K. Moreover Mauri7us is member of the Interna7onal Court of Jus7ce, the Interna7onal Centre for Seqlements of Investment Disputes and the Mul7lateral Investment Guarantee Agency.

11 An investor friendly environment Mauri7us also offers a full protec7on of foreign investments in key na7ons through its network of Investment Promo7on Protec7on Agreements (IPPA's) which guarantee Mauri7an investment with respect to expropria7on and social unrest in contrac7ng states. They also provide for arrangements for seqlement of disputes between investors and the contrac7ng states. Mauri7us has signed IPPA's with 36 countries. Mauri7us shows a long and solid banking tradi7on and corporate culture. Over the years a number of interna7onal banks, funds, accountancy firms, and other financial ins7tu7ons have been incorporated in the country and have successfully serviced the Mauri7an Interna7onal Financial Centre. With a view to facilita7ng the implementa7on of investment projects, the Board of Investment (the na7onal investment promo7on agency of the Government of Mauri7us) works in close collabora7on with Government bodies, ins7tu7ons and private sector companies. BOI also assists investors in the growth, nurturing and diversifica7on of their business.

12 An investor friendly environment The OECD has classified Mauri7us as a jurisdic7on that has substan7ally implemented interna7onally agreed tax and transparency standards (whitelisted jurisdic7on). Mauri7us fiscal regime is simple: Harmonized corporate and income tax ranging from 3% to 15% No tax on dividends No capital gains tax No inheritance tax > 37 Double Taxa7on Agreements (DTA) signed with leading OECD countries 100% foreign ownership is allowed There is no exchange control, moreover, thanks to the bilateral agreements, the free repatria7on of profit is granted with no addi7onal withholding tax on dividends, royal7es and interests.

13 An investor friendly environment Mauri7us fosters free educa7on 7ll ter7ary level, the rate of graduates is similar to any Western country. There is a good pool of educated, bilingual (English and French), white and blue collar popula7on with working experience in key sectors. The country also houses state of the art infrastructures including modern buildings and high speed connec7vity to undersea Fibre Op7c Cables. World- class communica7on standards like ADSL, IP- VPN, IPLC, MPLS and 4G are available in Mauri7us

14 THANKS FOR YOUR ATTENTION