|
 |
|
 Investment Opportunity
|
| |
|
 |
|
|
|
|
| |
|
| Registering Property |
|
| |
|
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. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Procedures (number) |
|
6 |
|
7.0 |
|
4.9 |
|
|
|
|
|
|
|
|
|
| Duration (days) |
|
210 |
|
104.6 |
|
28.0 |
|
| Cost (% of property value) |
|
10.8 |
|
11.1 |
|
4.6 |
|
| |
|
|
|
|
|
|
|
|
| Getting Credit |
| |
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. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Legal Rights Index |
|
5 |
|
4.0 |
|
6.4 |
|
|
|
|
|
|
|
|
|
| Credit Information Index |
|
1 |
|
1.3 |
|
4.8 |
|
| Public registry coverage (% adults) |
|
38.6 |
|
2.1 |
|
8.6 |
|
| Private bureau coverage (% adults) |
|
0.0 |
|
4.5 |
|
59.3 |
|
| |
|
|
|
|
|
|
|
|
| Protecting Investors |
| |
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. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Disclosure Index |
|
6 |
|
4.7 |
|
6.4 |
|
|
|
|
|
|
|
|
|
| Director Liability Index |
|
8 |
|
3.1 |
|
5.1 |
|
| Shareholder Suits Index |
|
9 |
|
5.0 |
|
6.5 |
|
| Investor Protection Index |
|
7.7 |
|
4.3 |
|
6.0 |
|
| |
|
|
|
|
|
|
|
|
| Paying Taxes |
| |
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. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Payments (number) |
|
7 |
|
38.7 |
|
15.1 |
|
|
|
|
|
|
|
|
|
| Time (hours) |
|
161 |
|
321.2 |
|
183.3 |
|
| Profit tax (%) |
|
10.8 |
|
21.4 |
|
20.0 |
|
| Labor tax and contributions (%) |
|
3.6 |
|
13.3 |
|
22.8 |
|
| Other taxes (%) |
|
7.3 |
|
33.3 |
|
3.4 |
|
| Total tax rate (% profit) |
|
21.7 |
|
68.0 |
|
46.2 |
|
| |
|
|
|
|
|
|
|
|
| Trading Across Borders |
| |
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. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Documents for export (number) |
|
5 |
|
8.1 |
|
4.5 |
|
|
|
|
|
|
|
|
|
| Time for export (days) |
|
17 |
|
35.6 |
|
9.8 |
|
| Cost to export (US$ per container) |
|
728 |
|
1,660.1 |
|
905.0 |
|
| Documents for import (number) |
|
6 |
|
9.0 |
|
5.0 |
|
| Time for import (days) |
|
16 |
|
43.7 |
|
10.4 |
|
| Cost to import (US$ per container) |
|
673 |
|
1,985.9 |
|
986.1 |
|
| |
|
|
|
|
|
|
|
|
Enforcing Contracts |
| |
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. |
|
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Procedures (number) |
|
37 |
|
39.4 |
|
31.3 |
|
|
|
|
|
|
|
|
|
| Duration (days) |
|
750 |
|
643.0 |
|
443.3 |
|
| Cost (% of claim) |
|
17.4 |
|
48.7 |
|
17.7 |
|
| |
|
|
|
|
|
|
|
|
| Closing a Business |
| |
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. |
| |
| Indicator |
|
Mauritius |
|
Region |
|
OECD |
|
|
|
|
|
|
|
|
|
| Time (years) |
|
1.7 |
|
3.4 |
|
1.3 |
|
|
|
|
|
|
|
|
|
| Cost (% of income per capita) |
|
15 |
|
20.0 |
|
7.5 |
|
| Recovery rate (cents on the dollar) |
|
34.3 |
|
17.1 |
|
74.1 |
|
| |
|
|
|
|
|
|
|
|
|
| |
Hospitality and Property Development |
|
|
|
|
|
|
|
|
|
| Mauritius today is poised for the next wave of real estate and landmark property development. It aims to create an exciting development that sets new standards in design and quality of build. No wonder the island has earned international recognition as a choice tourism destination for its welcoming and genuine hospitality, scenic splendour and world class hotels. Investment opportunities are many and diverse. |
|
| |
|
| Property Development |
|
| |
|
|
|
| The Integrated Resort Scheme |
|
|
|
| The Integrated Resort Scheme (IRS) is a program designed to facilitate the acquisition of resort and residential property by non-citizens on the island. Through the IRS, international buyers can become Mauritian residents as soon as they acquire a luxury property on the island. |
|
| To draw on opportunities from the IRS, property developers can engage in comprehensive development of luxury villas and outstanding residential properties to the highest international standards as well as extensive and high-class leisure and recreational facilities. These may include: |
|
|
|
|
|
| 1 |
: |
Golf course. |
|
|
|
| 2 |
: |
Marina. |
|
|
|
| 3 |
: |
Individual swimming pool. |
|
|
|
| 4 |
: |
Catering. |
|
|
|
| 5 |
: |
Wellness and health centres. |
|
|
|
|
|
|
|
| Shopping malls and duty-free shops |
|
|
|
|
|
|
|
| With the objects to make Mauritius a duty-free island and to double the GDP per capita by 2010, remarkable opportunities exist for investment and development in shopping malls at strategic locations. Comprising of a blend of office spaces, commercial spaces for famous brands and leisure activities in an exciting environment, the shopping malls can tap the expected 2 million tourists visiting the country in the near future as well as the local population and high net worth citizens working and living in the country. The aim now is to further position Mauritius as a reputed shopping destination. |
|
|
|
| Office buildings, business and industrial parks |
|
|
|
| The ease of doing business in Mauritius coupled with the Government’s policy to allow foreign investors to acquire immovable property for business purposes are already transforming Mauritius into a major regional business hub. The property development landscape is witnessing major changes and significant potential exists for developing new business and industrial parks. High standard offices and industrial spaces can be set up and leased in the strategic business areass of Mauritius. |
|
|
|
| Hospitality |
|
|
|
| Hotel Development |
|
|
|
| To further expand the tourism industry, 25,000 additional rooms will be required by 2015 to accommodate the increasing number of tourist arrivals. Attractive seafront locations of several existing hotels may offer opportunities for redevelopment in terms of infrastructure, management and operation. Mauritius is already the home to international hotel chains such as Hilton, Maritim, Meridien, Accor, Oberoi, Taj, Mövenpick, Four Seasons, Club Med and One & Only Le Touessrok, among others. |
|
| |
|
| High-class business hotels |
|
|
|
| The development of Mauritius as a regional business centre should give scope for the growth of business tourism. Mauritius is now on the global map for MICE activities and this new product category definitely contributes to the success of the existing business hotels. The development of high-class business hotels is an area with significant untapped potential given the strong growth of this lucrative market segment. |
|
|
|
| Gaming resorts |
|
|
|
| Mauritius provides an enabling framework for hospitality and gaming consortia. Provision of gaming resorts comprising of convention and exhibition facilities, themed attractions, entertainment and performance venues, casino gaming, recreation facilities, hotels and retail uses could be explored in the entertainment sector. Hospitality and gaming consortia have the opportunity to create an industry that will not only satisfy domestic demand but also meet the needs of the growing tourism industry. |
|
|
|
| Health tourism |
|
|
|
| Mauritius is already providing medical health facilities to foreigners, especially with the emergence of multi-speciality hospitals and speciality centres. This concept of medical tourism, which provides for a diversified tourist product, is increasingly in demand and is expected to grow. With the policy to allow retired non-citizens to become residents in Mauritius, there is an increasing demand for services such as luxurious wellness centres, spa ayurvedic centres and healthcare centres for medical treatment and rehabilitation. |
|
| |
|
| Eco-tourism projects |
|
| |
|
| Much emphasis around the world is being laid on the eco-label tourism. Mauritius is endowed with world-class tourism establishments which project natural attractions and exciting landscapes such as rich forests, endemic trees, mountains, parks, valleys and rivers. Mauritius offers fantastic opportunities for eco-tourism development in terms of chalet residences, hiking, trekking, quad biking, mountaineering, bird and dolphin watching. |
|
|
|
| Heritage and cultural tourism |
|
|
|
| With its rich mixture of culture, Mauritius has the capacity to provide a rewarding and satisfying cultural experience to a wide range of tourists. Programs are underway to further conserve historical sites and areas alongside the development of interpretative centres and promotion of cultural activities. An interesting aspect of development possibilities for cultural tourism lies in the abundance and diversity of the culture in Mauritius. Historical buildings, colonial houses, bridges, architecture and traditional lifestyle can become original tourist attractions. |
|
|
|
| Leisure Development |
|
|
|
| Leisure activities |
|
|
|
| The topography and the panoramic scenery of the mountains across the island offer a unique environment for leisure activities such as hiking, parasailing and paragliding. Since the island is surrounded by a coral fringing reef, snorkelling, scuba diving and submarine activities could be developed to explore the existing diversity of marine life. Divers can come face to face with dolphins, whales, sharks, barracudas, eagle rays and an innumerable amount of fish. Further on, the southern part of the island offers world class spots for surfing, wind and kite surfing. |
|
| |
|
| Marinas |
|
| |
|
| The development of IRS villas in Mauritius has witnessed a large number of high net worth individuals acquiring yachts and super yachts for their leisure activities. With the limited marina facilities in Mauritius and the forecasted development of 4200 luxury villas by 2010, huge potential exists for the installation of marinas to meet the future mooring requirements of yachts bought by the villa owners. In this context, the government has already identified potential and sustainable sites around the island for marina development. |
|
| |
|
| Hospitality Sector |
|
| |
|
|
|
| 1 |
: |
The Government has as objective to attract 2 million tourists by year 2015 |
|
|
|
| 2 |
: |
The Central Statistics Office has revised its earlier forecast of 875,000 tourist arrivals (+11.0%) for the year 2007. The figure has now been revised to upwards of 900,000 (+14.2%). |
|
|
|
| 3 |
: |
According to the Bank of Mauritius, tourism receipts for the year 2007 will be around Rs 38,840 million (+21.6%) compared to Rs 31,942 million in 2006. |
|
|
|
|
|
|
|
|
| Indicators |
|
2001 |
|
2002 |
|
2003 |
|
2004 |
|
2005 |
|
|
|
|
|
|
|
|
|
|
|
| Tourist arrivals |
|
660,318 |
|
681,648 |
|
702,018 |
|
718,861 |
|
761,063 |
|
|
|
|
|
|
|
|
|
|
|
| Tourist nights |
|
6,528 |
|
6,769 |
|
6,952 |
|
7,119 |
|
7,537 |
| Number of hotels |
|
18,166 |
|
18,328 |
|
19,415 |
|
23,448 |
|
25,704 |
| Number of hotel rooms |
|
95 |
|
95 |
|
97 |
|
103 |
|
99 |
| Number of bedplaces |
|
9,024 |
|
9,623 |
|
9,647 |
|
10,640 |
|
20.710,497 |
| Firing costs (weeks of wages) |
|
18,350 |
|
19,597 |
|
19,727 |
|
21,355 |
|
21,072 |
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
|
|
|
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|
| |
|
|
