BANKING, FINANCE AND INVESTMENT
FINANCIAL FACTS
Mauritius enjoys a steadily growing Gross Domestic Product, with about 30 percent f its exports being sugar. Unemployment tends to be high. Import duties were abolished in an effort to stimulate the economy. State-run businesses and utilities have been increasingly privatized.
Fiscal year: 1 July - 30 June
STOCK MARKET
The Mauritius Stock Exchange (SEM) has been in operation for over 10 years, and employs an SEMATS automated trading system used at firms as opposed to convening on a stock market trading floor. Market value of publicly traded shares: $5.7 billion in 2007, the last year for which numbers were available. It is a proud member of the African Stock Exchanges Association (ASEA) and as of 2005 has been included in the World Federation of Exchanges (WFE).
MEMBERSHIPS
ACCT, ACP, AfDB, AU, C, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, InOC, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OIF, OPCW, PCA, SADC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
FOREIGN INVESTMENT
The Mauritian government has been giving incentives to foreign investment companies in a variety of ways, including the Hotel Development scheme, with only 5 percent tax and a withholding tax holiday for 10 years; an Industrial Building Scheme, which has a 15 percent tax rate and permanent withholding tax holiday; an Expansion Scheme, which offers customs duty exemption and tax credits on environmentally friendly equipment; and a Pioneer Status Enterprise Scheme, which is aimed toward technological advances brought to Mauritius and includes tax-exemptions on withholding, customs duty, sales tax and a 15 percent corporate tax cap.
We never disclose the name of the Mauritius bank until after you have sent
payment and the required due diligence documents. Please do not ask.
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