Mauritius is a booming economy offering numerous opportunities in addition to a business friendly environment for entrepreneurs, multinationals and foreign companies.
Mauritius as a business friendly environment provides:
- Social & political stability with a Westminster parliamentary model.
- A sound legal system with the Privy Council of the United Kingdom as the highest Court of Appeal.
- Sound business infrastructure(telecommunication & transport).
- A bilingual work force.
- Access to markets - Cotonou agreement, Africa Growth and Opportunity Act, COMESA (Common Market for Eastern and Southern Africa) and SADC (Southern African Development Community).
- A legal system routing from both civil and common laws.
- Conductive Labor Laws.
- Exquisite lifestyle & ample accommodation.
- A hexalin system that favor entreprenariat & investment.
Some of the main features of our taxation system are:
- An harmonized tax rate of 15% for individual & companies.
- Special tax credits of 80% for GBC 1 companies (effective tax rate of 3% with zero tax leakage under certain circumstances).
- No capital gains tax.
- Dividends are paid tax-free with no withholding taxes.
- No withholding taxes on royalties paid out of a Global Business Company to a non-resident.
- Favourable allowances on the purchase of equipment.
- VAT rate of 15% with certain goods and services being exempted from the scope of VAT.
- Mauritius has a large network of Tax Treaties for international tax planning purposes
