A thorough reform of the national economy to diversify revenue sources based on light industry, finance, and tourism has made Mauritius a country with stable economic growth. In recent years, the country has emerged as a major center of the region, with importance for trade and investment, as well as financial and tourism services. Mauritius is regarded as a business-friendly oasis, with liberal economic and tax regulations.
In 2016, the World Bank ranked Mauritius 1st among African countries and 32nd in the world for ease of doing business. It ranks 8th among 178 countries in the ranking of free-market economies in the world.
The country’s tax law allows external entities with foreign capital to establish companies. Mauritius’ reputation as a tax asylum is mainly due to its high level of protection of confidential information on company shareholders and strong restrictions on the exchange of information with other tax administrations. The OECD lists Mauritius among countries with harmful tax competition all the time.
