|
 |
|
Investment Opportunity
|
| |
|
 |
|
|
|
|
| |
|
| Registering Property |
|
| |
|
The ease with which businesses can secure rights to property is shown below. Included are the number of steps, time, and cost involved in registering property. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Procedures (number) |
|
6 |
|
7.0 |
|
4.9 |
|
|
|
|
|
|
|
|
|
| Duration (days) |
|
210 |
|
104.6 |
|
28.0 |
|
| Cost (% of property value) |
|
10.8 |
|
11.1 |
|
4.6 |
|
| |
|
|
|
|
|
|
|
|
| Getting Credit |
| |
Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal Rights Index ranges from 0-10, with higher scores indicating that those laws are better designed to expand access to credit. The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. It ranges from 0-6, with higher values indicating that more credit information is available from a public registry or private bureau. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Legal Rights Index |
|
5 |
|
4.0 |
|
6.4 |
|
|
|
|
|
|
|
|
|
| Credit Information Index |
|
1 |
|
1.3 |
|
4.8 |
|
| Public registry coverage (% adults) |
|
38.6 |
|
2.1 |
|
8.6 |
|
| Private bureau coverage (% adults) |
|
0.0 |
|
4.5 |
|
59.3 |
|
| |
|
|
|
|
|
|
|
|
| Protecting Investors |
| |
The indicators below describe three dimensions of investor protection: transparency of transactions (Extent of Disclosure Index), liability for self-dealing (Extent of Director Liability Index), shareholders ability to sue officers and directors for misconduct (Ease of Shareholder Suits Index) and Strength of Investor Protection Index. The indexes vary between 0 and 10, with higher values indicating greater disclosure, greater liability of directors, greater powers of shareholders to challenge the transaction, and better investor protection. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Disclosure Index |
|
6 |
|
4.7 |
|
6.4 |
|
|
|
|
|
|
|
|
|
| Director Liability Index |
|
8 |
|
3.1 |
|
5.1 |
|
| Shareholder Suits Index |
|
9 |
|
5.0 |
|
6.5 |
|
| Investor Protection Index |
|
7.7 |
|
4.3 |
|
6.0 |
|
| |
|
|
|
|
|
|
|
|
| Paying Taxes |
| |
The data below shows the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Payments (number) |
|
7 |
|
38.7 |
|
15.1 |
|
|
|
|
|
|
|
|
|
| Time (hours) |
|
161 |
|
321.2 |
|
183.3 |
|
| Profit tax (%) |
|
10.8 |
|
21.4 |
|
20.0 |
|
| Labor tax and contributions (%) |
|
3.6 |
|
13.3 |
|
22.8 |
|
| Other taxes (%) |
|
7.3 |
|
33.3 |
|
3.4 |
|
| Total tax rate (% profit) |
|
21.7 |
|
68.0 |
|
46.2 |
|
| |
|
|
|
|
|
|
|
|
| Trading Across Borders |
| |
The costs and procedures involved in importing and exporting a standardized shipment of goods are detailed under this topic. Every official procedure involved is recorded - starting from the final contractual agreement between the two parties, and ending with the delivery of the goods. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Documents for export (number) |
|
5 |
|
8.1 |
|
4.5 |
|
|
|
|
|
|
|
|
|
| Time for export (days) |
|
17 |
|
35.6 |
|
9.8 |
|
| Cost to export (US$ per container) |
|
728 |
|
1,660.1 |
|
905.0 |
|
| Documents for import (number) |
|
6 |
|
9.0 |
|
5.0 |
|
| Time for import (days) |
|
16 |
|
43.7 |
|
10.4 |
|
| Cost to import (US$ per container) |
|
673 |
|
1,985.9 |
|
986.1 |
|
| |
|
|
|
|
|
|
|
|
Enforcing Contracts |
| |
The ease or difficulty of enforcing commercial contracts in is measured below. This is determined by following the evolution of a payment dispute and tracking the time, cost, and number of procedures involved from the moment a plaintiff files the lawsuit until actual payment. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Procedures (number) |
|
37 |
|
39.4 |
|
31.3 |
|
|
|
|
|
|
|
|
|
| Duration (days) |
|
750 |
|
643.0 |
|
443.3 |
|
| Cost (% of claim) |
|
17.4 |
|
48.7 |
|
17.7 |
|
| |
|
|
|
|
|
|
|
|
| Closing a Business |
| |
The time and cost required to resolve bankruptcies is shown below. The data identifies weaknesses in existing bankruptcy law and the main procedural and administrative bottlenecks in the bankruptcy process. The recovery rate, expressed in terms of how many cents on the dollar claimants recover from the insolvent firm, is also shown. |
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Time (years) |
|
1.7 |
|
3.4 |
|
1.3 |
|
|
|
|
|
|
|
|
|
| Cost (% of income per capita) |
|
15 |
|
20.0 |
|
7.5 |
|
| Recovery rate (cents on the dollar) |
|
34.3 |
|
17.1 |
|
74.1 |
|
| |
|
|
|
|
|
|
|
|
|
| |
The Mauritius Knowledge Industry |
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|
|
|
|
|
|
Mauritius has over the years positioned itself at the forefront in the knowledge industry. The high literacy rate averaging 88% strongly indicates the progression margin of the country in the knowledge business. Mauritius is now going global and firmly intends to become a centre of excellence and the leading education provider in the region. |
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|
|
Mauritius has over the years positioned itself at the forefront in the knowledge industry. The high literacy rate averaging 88% strongly indicates the progression margin of the country in the knowledge business. Mauritius is now going global and firmly intends to become a centre of excellence and the leading education provider in the region. |
|
Recent changes in legislations to provide a more conducive business environment and openness for non-citizens to work and live in Mauritius is expected to boost up demand for private education in the country. The new business environment caters for the delivery of an occupation permit to investors and professionals in the shortest delay, attracts retired non-citizens to live in Mauritius, and invites wealthy people from around the world to acquire luxurious villas under the Integrated Resorts Scheme. Added to the local supply is the strategic location of Mauritius as a gateway for the provision of education to the region. |
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There have been growing interests from overseas students to acquire education in Mauritius. The University of Mauritius is presently accommodating students from several regions of the African continent, India, Seychelles and a few from Europe. |
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The education sector has experienced tremendous growth since the past few years. Currently some 422 programs, ranging from certificates to PhDs, are being run both by public funded and private/overseas institutions. Conscious of the global increasing demand for education (Tertiary education sector to grow from 2.5 million students securing education outside their home countries to 7.5 million by 2025 – UNESCO) and an existing market estimated to be around US$ 30 Billion (UNESCO), the Government has developed an adapted National Policy Framework for facilitating investment in the education sector. |
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|
|
Opportunities exist for investment, but not limited to, in the followings:- |
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|
|
| Universities and Post Secondary Institutions |
|
|
|
Mauritius runs high quality courses with a high standard of living at cheaper costs than other education destinations. Opportunities exist in Mauritius for the setting up of independent private universities (Greenfield Investments), branch universities and offshore campuses. |
|
|
|
| Procedures for Investment in the Tertiary education sector |
|
|
|
Tertiary education in Mauritius is regulated by the Tertiary Education Commission. Any investor willing to set up a university or post secondary institution in Mauritius is required to regsiter with the TEC.
For further details on registration, accreditation and quality assurance, please visit the website of the Tertiary Education Commission. |
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|
|
| Vocational and Technical Education |
|
|
|
There are interesting opportunities for the setting up of vocational and technical centres to provide quality training and education in areas which include:- |
|
|
|
|
|
| |
|
|
| 1 |
: |
Agriculture. |
|
|
|
| 2 |
: |
Jewellery (Design & Making) |
|
|
|
| 3 |
: |
Building Construction (Masonry). |
|
|
|
| 4 |
: |
Hotel and Tourism (Culinary, Pastry, Room Service, Waiter, etc…) |
|
|
|
| 5 |
: |
Engineering (Air-conditioning, Refrigeration, Automotive Industry, Electrical & Electronics, Metal Work). |
|
|
|
| 5 |
: |
Printing. |
|
|
|
| 5 |
: |
Textile. |
|
|
|
| 6 |
: |
Wood Works. |
|
|
|
|
|
|
|
|
| Secondary and Primary Education |
|
|
|
As Mauritius opens to the world, opportunities also exist to set up private secondary and primary mediums to cater for the needs of the children of expatriates working in the country. Mauritius is a country open for investment and with the country hoping to attract more and more investors, professionals and retired non-citizens, investment in the private secondary and primary education sector represents a glorious opportunity for players in the knowledge industry. |
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|
|
|
Training Centers |
|
|
|
Globally recognized for its pleasant, peaceful and safe business and living environment, Mauritius is a preferred destination for the organization of training programmes. As a destination people would dream to visit at least once in a lifetime, setting up of training centres for overseas training, targeting employees and interested individuals, makes it an opportunity for both learning and enjoyment at the same time. Mauritius ever-growing air access and links with all corners of the world are definitely opportunities that should be capitalized by training providers. There exist avenues for the setting up of corporate training centres.
Mauritius is dedicated to make investment in the country’s knowledge hub a unique experience and a win-win situation for both investors and students. |
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