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Information Centre
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| Registering Property |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Procedures (number) |
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6 |
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7.0 |
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4.9 |
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| Duration (days) |
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210 |
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104.6 |
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28.0 |
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| Cost (% of property value) |
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10.8 |
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11.1 |
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4.6 |
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| Getting Credit |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Legal Rights Index |
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5 |
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4.0 |
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6.4 |
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| Credit Information Index |
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1 |
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1.3 |
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4.8 |
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| Public registry coverage (% adults) |
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38.6 |
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2.1 |
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8.6 |
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| Private bureau coverage (% adults) |
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0.0 |
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4.5 |
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59.3 |
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| Protecting Investors |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Disclosure Index |
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6 |
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4.7 |
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6.4 |
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| Director Liability Index |
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8 |
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3.1 |
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5.1 |
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| Shareholder Suits Index |
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9 |
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5.0 |
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6.5 |
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| Investor Protection Index |
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7.7 |
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4.3 |
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6.0 |
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| Paying Taxes |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Payments (number) |
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7 |
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38.7 |
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15.1 |
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| Time (hours) |
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161 |
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321.2 |
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183.3 |
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| Profit tax (%) |
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10.8 |
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21.4 |
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20.0 |
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| Labor tax and contributions (%) |
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3.6 |
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13.3 |
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22.8 |
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| Other taxes (%) |
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7.3 |
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33.3 |
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3.4 |
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| Total tax rate (% profit) |
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21.7 |
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68.0 |
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46.2 |
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| Trading Across Borders |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Documents for export (number) |
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5 |
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8.1 |
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4.5 |
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| Time for export (days) |
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17 |
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35.6 |
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9.8 |
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| Cost to export (US$ per container) |
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728 |
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1,660.1 |
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905.0 |
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| Documents for import (number) |
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6 |
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9.0 |
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5.0 |
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| Time for import (days) |
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16 |
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43.7 |
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10.4 |
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| Cost to import (US$ per container) |
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673 |
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1,985.9 |
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986.1 |
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Enforcing Contracts |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Procedures (number) |
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37 |
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39.4 |
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31.3 |
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| Duration (days) |
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750 |
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643.0 |
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443.3 |
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| Cost (% of claim) |
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17.4 |
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48.7 |
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17.7 |
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| Closing a Business |
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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. |
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| Indicator |
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Mauritius |
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Region |
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OECD |
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| Time (years) |
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1.7 |
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3.4 |
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1.3 |
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| Cost (% of income per capita) |
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15 |
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20.0 |
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7.5 |
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| Recovery rate (cents on the dollar) |
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34.3 |
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17.1 |
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74.1 |
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E-Commerce |
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| Introduction |
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Mauritius encourages information technology operations, and the territory has invested heavily in state-of-the-art telecommunications with clear interest being shown in offshore e-commerce development. |
The Mauritius government marked the 2001 New Year with a commitment to turn the country into an Information Technology Free Trade Zone complete with the creation of digital parks across the island. The digital parks will offer state-of-the-art technological facilities which will meet the needs of IT businesses. A series of fiscal incentives to both foreign and domestic businesses will be on offer. |
In January, 2001 Mauritius Deputy Prime Minister Paul Berenger announced the setting up of an Infocom Development Authority to promote investments in information technology and to regulate the sector. According to Berenger, the new authority will take care of both the Mauritius Telecommunications Authority and the National Computer Board. |
In 2002 the Mauritius Minister for Information Technology and Telecoms, Geehad Geelchand outlined the advantages for international businesses and IT companies who choose to locate on the island, saying that Mauritius had become the centre of a new submarine cable optic fibre connection which will link Portugal to Malaysia via the island. 'We shall be having 80 gigabits of capacity on our information super highway,' he said. |
He also revealed that in addition to tax incentives, IT companies choosing to locate in the jurisdiction will also be able to take advantage of electricity at preferential rates, the opportunity to acquire property and land, and permanent resident status.
Speaking in December, 2002, Mauritian Finance Minister, Sushil Kushiram announced that the Indian Government would be assisting in the e-development initiative, providing a credit line of $100 million to finance the development of the Mauritius 'cyber city'. |
Construction began in earnest in 2004 under the control of Business Parks of Mauritius (BPML) — a private company in Mauritius which is implementing the Ebene cyber city project — and the Mauritius government. Minister for communications and information technology, Pramod Mahajan laid the foundation stone in April.
The Cyber Tower, a central feature of the Ebene Cyber City, was inaugurated in April, 2005.
In April, 2006, the Prime Minister, Navin Ramgoolan, inaugurated the new offices of offshore management company International Financial Services in the Ebene CyberCity, expressing strong support for the e-commerce sector.
The Prime Minister paid tribute to the professionalism, the application, and the entrepreneurial and innovative qualities of the directors of IFS. Their efforts had made their company one of the leaders in their field, he said. |
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However, he criticized the Financial Services Promotion Agency (FSPA), which he said had not done all it could to position Mauritius at the forefront of the developing e-commerce sector internationally. He asked the FSPA to be more aggressive in marketing terms and to adopt creative strategies to attract more operators to the offshore sector.
The CyberCity has attracted about 25 operators so far. Built with support from India, and just 15 minutes drive from Port-Louis, the CyberCity has free zone status and offers tax advantages to its occupants. Spread over an area of about 172 acres, the Ebène CyberCity is divided into 7 zones, with each zone being provided with water, power, roads, drainage and other facilities. The entire CyberCity is wired with optic-fibre and copper cables to provide high speed international bandwidth on tap.
Mauritius has recently placed more emphasis on development of its offshore sector, and the Prime Minister said that he entirely supported the recent 'paradigm shift' of the Financial Services Commission (FSC) as regards the regulation of the offshore economy, which he said should be flexible and effective. |
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