Since gaining its independence in 1968, Mauritius has gone through a remarkable transformation. Previously active in the monoculture of sugarcane, today it prides itself in having a strong and diversified economy.

Click here to learn more about Mauritius.

 

The island’s diversified economy comprises:

 

Ocean Economy

  • GDP Contribution: 4% (exclusive of coastal tourism)
  • Maritime zone of 2.3 million km2, equivalent to the territory of Spain, Germany, Italy, France, and United
  • Kingdom combined
  • Export: USD 250 million
  • Re-Export: USD 300 million
  • Employment: 16,000
  • Investment opportunities (with fiscal incentives) in:
    • Fisheries, aquaculture, and seafood processing
    • Seabed exploration for hydrocarbon and minerals
    • Ship building and ship registration
    • Marine biotechnology

 

Textile and Manufacturing

  • GDP contribution of 12.1%
  • 85% of total exports
  • Employment: 103,400
  • 810 large establishments
  • Investment opportunities in:
    • Textile & Apparel
    • Seafood Processing
    • Agro-Processing
    • Rum & Spirits
    • Jewellery
    • Pharmaceuticals and Medical devices
    • OEMs and Automotive Components
    • Technical Textiles
    • Metal Fabrication
    • Printing and Packaging
    • Paper products
    • Paints and Chemicals
    • Recycling

 

Real Estate & Hospitality

  • GDP contribution (Real Estate & Construction): 10.5%
  • FDI: 6.7%

 

Financial Services

  • GDP contribution: 13%
  • Employment: 8,635
  • Sectoral growth rate: 1.1%
  • Opportunities in:
    • Investment Banking
    • Fintech
    • Insurance
    • Capital Markets
    • Global Funds
    • Global Treasury Activities
    • Family Offices

 

ICT-BPO industry

  • GDP contribution: 7%
  • 850 companies
  • Employment: 27,000
  • Internet penetration: 115%
  • Mobile penetration: 143%

 

Freeport & Logistics

  • GDP contribution (Transportation and Storage): 0.6%
  • Total trade value: USD 738 million
  • Import volume: 263,081 tons
  • Export volume: 254,236 tons
  • Freeport operators: 205
  • Freeport incentives:
    • Duty-Free and VAT free for goods and equipment imported into Freeport zones
    • 3% tax on export of goods
    • Preferential market access
    • 100% foreign ownership
    • Free repatriation of profits
    • No foreign exchange control
    • Reduced port handling charges

Education

  • GDP contribution: 4.8%
  • Gross Tertiary Enrolment Ratio: 48.9%
  • Total employment: 29,965
  • Primary schools: 319
  • Secondary schools: 179
  • Training institutions: 464
  • Tertiary educational institutions: 51
  • Investment opportunities (with fiscal incentives) in:
    • World-class pre-primary, primary and secondary schools
    • Technical and vocational institutes
    • Institutions/university campuses offering courses in innovative fields such as Artificial Intelligence, blockchain, robotics, Fintech, renewable energy, Ocean Economy, creative arts, high-tech engineering, biotechnology, life sciences, computing, healthcare among others
    • Centres of excellence
    • Executive education
    • Sports academies

 

Healthcare

  • GDP contribution: 4.6
  • Total employment: 8500 (doctors, dentists, pharmacists, qualified nurses and midwives)
  • Investment opportunities in:
    • Specialised diabetes research and treatment centres
    • Specialised centres for elderly care & rehabilitative medicine
    • Plastic reconstructive surgery clinics
    • Clinics for dental surgery and dento-facial orthopaedics
    • Psychiatric and Mental Health Services hospital
    • Convalescence and pain clinics, providing specialised care to patients suffering from acute and chronic conditions
    • Clinics specializing in sports medicine
    • Wellness centres and health resorts for rehabilitation
    • Telemedicine

 

Agro-Industry

  • GDP contribution: 3.3
  • Total Export: MUR 9.3 billion
  • Employment: 41,000
  • Investment opportunities in:
    • Technology-based farming
    • Nutraceutical: The Future of Intelligent Food
    • National Agri-food Development Programme
    • Bio-Farming

 

Life sciences

  • +1000 trials carried out on cosmetic and pharmaceutical products
  • Number of players: 25
  • Employment: 1,275
  • Investment opportunities (with fiscal incentives) in:
    • Pharmaceuticals
    • Clinical and Pre-clinical Research
    • Nutraceuticals
    • Biotechnology

 

Creative & film industry

  • GDP contribution: 3.5%
  • GDP: MUR 14 billion
  • Incentive: 30% cash rebate for local and foreign productions

 

Source: Economic Development Board, 2020 – www.edbmauritius.org

Global Business

Combining many years of expertise in the Global Business environment, our specialists will guide you in your decision-making process and accompany you throughout your project.

Fund Administration

We enable fund managers to focus on looking after their investors and investments under management, helping them achieve their strategic objectives.

Trust

Our personalised wealth structuring solutions rests on an in-depth understanding of your personal situation. As a result, we are able to adjust our offering to your unique objectives.

Outsourcing

Managing a business is time-consuming and requires constant monitoring. Our services aim at facilitating this process.

Book your meeting

Error: Contact form not found.

Contact Us



    Most read articles:
    - Setting up a company in Mauritius
    - Offshore company formation
    - Relocate your company to Mauritius

    Get in touch with our experts: