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Mauritius weathers the financial crisis and regulatory pressures

June 2010 Craig T. Fulton

The business climate in Mauritius remains strong and the economy continues to grow. Due to its close association with India and other developing nations, Mauritius unlike many countries managed to avoid many of the adverse effects of the recent recession. In 2009 the Mauritius economy grew in the region of 2.7%, and it is expected that 2010 will be an even better year for Mauritius, with growth in the region of 4% projected. With the economies of many developed nations now recovering from the recession, there is an ever increasing amount of new business activity in general terms, which means increased investment into areas such as India and Africa. With its network of double taxation avoidance treaties with India and a number of African countries (Botswana, Lesotho, Madagascar, Mozambique, Namibia, Rwanda, Senegal, Seychelles, South Africa, Swaziland, Tunisia, Uganda and Zimbabwe) Mauritius is well placed to act as a financial services platform to facilitate these investments in a tax efficient way.

 

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Craig T. Fulton
Partner

Cayman Islands   +1 345 814 7372


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