MAURITIUS

MAURITIUS

Mauritius is an attractive island in the Indian Ocean covering an area of 1865 square kilometres.  It is situated some 2000 kilometres of the South east coast of Africa and has more than 150 kilometres of white sandy beaches.

With its democratic system of government, open economy, favourable tax regime and a modern banking systems, Mauritius is often described as a paradise island for foreign investors.

Political System

Mauritius is a presidential democracy modelled on the British parliamentary system of parliamentary democracy which guarantees the separation of the legislative executive and judicial powers.

The President is the Head of state which the Prime Minister acting through Cabinet has full executive powers.  Members of the national Assembly are elected even five years by universal suffrage.

The Legal System

The legal system of the Republic of Mauritius derives from both French and English sources.  During the French occupation the islands’ legal system was governed by the French Napoleonic Code which has remained in force up to now with required amendments in civil and criminal procedure laws and company law.

Mauritius, therefore, enjoys a hybrid legal system combining both civil and common law practices.

Although Mauritius is now a republic, the country still remains a member of the Common wealth and the highest Court of Appeal remains the Judicial Committee of Privy Council in England.

Tax Regime

Mauritius offers significant benefits including a wide range of Double Tax Treaties and a low tax regime with no capital gains tax or inheritance tax.

Mauritius has a standard tax rate of 15% for Companies, Trusts and Foundation.

Individuals are subject to a progressive tax rate with a maximum rate of 20%.

International Affiliation

Mauritius is a member of the International Court of Justice, the Multilateral Investment Guarantee Agency, the International Centre for the settlement of Investment Disputes as the 1958 New York Convention on Foreign Arbitration Awards.

Mauritius is a politically stable and democratic state and adheres to internationally accepted norms and best practices.  It remains one of the safest country in sub-saharan Africa.

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