Mauritius is the fastest growing wealth market in Africa, in just 10 years it showed a growth of 230% with respect to high net worth individuals. 

This island is listed as a traditional offshore jurisdiction. It has been the choice of business and finance professionals from nearby areas such as India and East Africa, looking for the best in offshore banking and international investments.

Mauritius has been an independent nation since 1968 and maintains a situation of calm and stability both economically and politically. It should be noted that it has the most competitive economy in Africa.

The island's development has attracted more than 32,000 offshore entities, many of them destined for trade in India, South Africa and China.
Investment in the banking sector alone has exceded one billion dollars.

Previously the economy was based on sugar cane, but today the largest income is based on the service sector, such as agriculture, construction, finance, real estate, transportation, among others.

All resident and non-resident companies in Mauritius are required to file annual tax returns with the Mauritius Tax Authority. Late submission of returns shall justify a fine.

The government of Mauritius has signed 46 double taxation treaties with different countries globally to help reduce the tax burden and promote international trade.

Some of the countries that have signed agreements with Mauritius are Australia, Malaysia, Thailand, Sweden and Singapore, among others.

Mauritius fully complies with international standards on automatic exchange of information and exchange of information upon request under the Common Reporting Standard (CRS), implemented by the OECD.

If you want to know more about this offshore jurisdiction par excellence contact our advisors who are there to solve your doubts and requirements through info@fosterswiss.com