Mauritius Financial hub

Mauritius has become a financial hub due to its favorable regulatory framework, a stable democracy with regular free elections, and strategic location. The country has developed a sophisticated financial services sector that offers a range of services such as banking, insurance, investment management, and fiduciary services. The government has also implemented a range of measures to attract foreign investors, including tax incentives, a favorable business environment, and a skilled workforce.

One of the key benefits for wealthy individuals in Mauritius is the country's low tax regime. Mauritius personal income tax rate is 15%, no capital gains tax, and no inheritance tax. This has made it an attractive location for high-net-worth individuals (HNWI) looking to optimize their tax liability. Additionally, the country has signed 40 double taxation avoidance agreements (DTAs) with other countries, which ensures that income earned in Mauritius is not subject to double taxation. The OECD multilateral instrument entered into force for Mauritius on 1 February 2020.

Another benefit for HNWI in Mauritius is the ease of doing business. The country ranks highly in the World Bank's Ease of Doing Business Index, making it a convenient location to set up and operate a business. The country's legal system is based on English common law, which provides a stable and predictable legal environment for businesses.

Overall, the combination of low taxes, a favorable business environment, and a range of financial services make Mauritius an attractive location for HNWI looking to invest or do business in Africa and beyond.

White list

Mauritius is currently on the white list of the Organization for Economic Co-operation and Development (OECD) and the Financial Action Task Force (FATF). This means that Mauritius has implemented the necessary reforms and has demonstrated a commitment to meeting international standards for tax transparency, exchange of information, anti-money laundering and terrorist financing. As a result, Mauritius is recognized as a responsible and cooperative jurisdiction in the global financial system.

TAXATION in Mauritius

Corporate Taxation

Withholding Taxation

Interest: A 15% withholding tax generally applies to interest paid by any person, other thank bank or non-bank deposit-taking institution, to any person other than a company resident in Mauritius, unless specifically exempted or reduced under tax treaty.

Individual Taxation

Why choose GIWM

1. Expertise: Mauritius has developed a sophisticated financial services sector with a range of professionals and experts in investment management, wealth management, taxation, and legal services providing ad-hoc solutions meeting HNWI specific needs.
2. Tax Efficiency:, Mauritius has a favorable tax regime for high-net-worth individuals, including a low personal income tax rate, no capital gains tax, and no inheritance tax. Advisors in Mauritius provides guidance on how to structure investments and manage assets to optimize tax efficiency.
3. Confidentiality: Advisors in Mauritius are bound by strict confidentiality and data protection laws. Personal and financial information of wealthy individuals is kept confidential and secure.
4. Regulatory Framework: Mauritius has a well-regulated financial services sector with a robust regulatory framework. Advisors adhere to strict standards of professionalism and ethics, providing a level of comfort and security for wealthy individuals.

Overall, GIWM in Mauritius offers to HNWI access to a range of specialized services, tax efficiency, confidentiality, and a well-regulated financial services sector.

Mauritius as a bridge between Asia, Middle East and Africa

Mauritius is well-connected to global opportunities through its strategic location, trade agreements, financial services sector, and skilled workforce.

The Republic of Mauritius, a gateway to Africa, Middle East and Asia, has developed strong economic ties with countries in both regions, providing access to a large market of over 2 billion people. This has led to the development of a range of industries in Mauritius, including manufacturing, financial services, tourism, and information and communication technology.

Mauritius has signed several trade agreements with other countries and blocs, such as the African Continental Free Trade Area (AfCFTA) and the Southern African Development Community (SADC), which provide access to regional and international markets.

Mauritius has a well-regulated financial services sector that offers a range of services such as banking, insurance, investment management, and fiduciary services. This has attracted foreign investors and multinational companies to establish their regional headquarters or subsidiaries in Mauritius, providing access to global markets.

Mauritius has developed a skilled and bilingual workforce with expertise in areas such as finance, technology, and hospitality. This has made Mauritius an attractive location for companies looking to outsource services or establish shared service centers.