By reputation, Mauritius is one of the most beautiful tourist destinations in the world. The tourism sector is also one of the pillars of its economy. However, it has much more to offer. Also known for its favourable business ecosystem, it offers a stable financial platform for foreign investors and companies looking to relocate. With its tropical climate and its ideal living environment, to grow your children as well as to enjoy your retirement, Mauritius allows this balance between work and relaxation.
The economy and taxation are reasons that explain the strong relocation demand to Mauritius. The government has put effective laws in place to attract foreign investors.
Favourable tax system
Mauritius offers an interesting tax system that encourages investors to move in, while respecting international standards. The Organisation for Economic Cooperation and Development (OECD) has ranked the island as one of the most “virtuous” countries in terms of taxation. Indeed, the country has attracted a flow of foreign direct investment (FDI) to the amount of US$ 356 million in 2017.
With Double Taxation Avoidance Agreements (DTAAs) signed with 43 countries around the world, Mauritius offers a number of benefits.
- Income tax at 15%
- No taxes on inheritance tax and profits
- Tax exemption on dividends and other income on capital
- No social security contributions or property taxes
- Corporate tax at 15% (with a 80% foreign tax credit, reducing the tax rate to 3% for foreign companies)
- Tax exemption on capital gains generated by companies
- No tax at source on interest and dividends
- No charges or constraints on the repatriation of the funds generated by your activity (profits, dividends, capital)
- Exemption from customs duties on equipment
Since its independence in 1968, Mauritius has experienced strong periods of economic growth thanks to its political and social stability. Based on the British parliamentary system, the country advocates the separation of executive, legislative and judicial powers.
A strategic location
Mauritius is today a hub for trade, investment and tourism, ideally positioned between Africa, Asia and Australia. The Indian Ocean offers you new destinations to discover. The Mauritian population is bilingual, speaks French and English.