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Business images of Mauritius

Economy of Mauritius

The economy of Mauritius is a mixed developing economy based on agriculture, exports, financial services, and tourism. Since the 1980s, the government of Mauritius has sought to diversify the country's economy beyond its dependence on just agriculture, particularly sugar production.

Top Sectors in Mauritius

Agriculture in Mauritius

Mauritius's agriculture sector encompasses various categories, with sugarcane being the primary crop and historically a significant contributor to the economy. Other key agricultural products include tea, tobacco, fruits (such as pineapples and bananas), and vegetables. The agriculture sector also includes livestock farming, particularly poultry and cattle rearing, as well as aquaculture for fish and shrimp farming.

Finance in Mauritius

Mauritius has developed a robust financial services sector, with key categories including banking, insurance, and offshore financial services. The country serves as a financial hub for the region, offering a wide range of banking and financial products and services to domestic and international clients. Mauritius's financial services sector contributes significantly to the economy through revenue generation, job creation, and foreign exchange earnings.

Tourism in Mauritius

Tourism is a vital sector for Mauritius, with the country's stunning beaches, cultural attractions, and natural beauty attracting visitors from around the world. Key categories within the tourism sector include accommodation (hotels and resorts), food and beverage services (restaurants and cafes), transportation (airlines and tour operators), and leisure activities (water sports, sightseeing tours, and cultural experiences). Tourism plays a crucial role in generating foreign exchange earnings, creating employment opportunities, and driving economic growth in Mauritius.


Mauritius - Key Economic Indicators

Exports and Imports

Mauritius exports primarily include textiles and apparel, sugar, and seafood products. Imports consist of machinery and equipment, petroleum products, chemicals, and foodstuffs. Specific data on export and import volumes and values fluctuate yearly, with exports often exceeding imports due to Mauritius's strong manufacturing and export-oriented economy.

Infrastructure

Mauritius has well-developed infrastructure compared to many other African nations. The country boasts an extensive road network, including highways and secondary roads, connecting urban centers and rural areas. Additionally, the government invests in modernizing ports and airports to facilitate trade and tourism.

Balance of Trade

Mauritius typically maintains a trade surplus, with exports surpassing imports. This surplus is often attributed to the country's robust manufacturing sector and export-oriented economy. The balance of trade fluctuates based on global market conditions and domestic economic factors.

Fiscal Policy

Mauritius implements fiscal policies aimed at promoting economic growth and development. Government spending focuses on infrastructure development, education, healthcare, and social welfare programs. Taxation policies aim to strike a balance between revenue generation and fostering business competitiveness, with corporate tax rates ranging from 15% to 25%.

Monetary Policy

The Bank of Mauritius, the country's central bank, implements monetary policies to maintain price stability and support economic growth. These policies include managing interest rates, regulating money supply, and overseeing the banking sector. The central bank works to ensure the stability of the Mauritian rupee and promote financial stability.

Trade Agreements

Mauritius is not a party to NAFTA (North American Free Trade Agreement) but benefits from preferential trade agreements with various countries and regional blocs. The country is a member of the African Union, the Southern African Development Community (SADC), and the Common Market for Eastern and Southern Africa (COMESA), among others. These agreements facilitate trade and enhance economic cooperation.

Environmental Regulations

Mauritius has enacted environmental regulations to protect its natural resources and promote sustainable development. These regulations address issues such as pollution control, waste management, and conservation efforts. The government implements policies to mitigate the impact of climate change and preserve biodiversity, with initiatives focused on renewable energy, reforestation, and coastal zone management. Compliance with environmental regulations is crucial for preserving Mauritius's unique ecosystems and promoting long-term environmental sustainability.

Tax System in Mauritius

Capital Gains Tax: Mauritius imposes a capital gains tax on profits from investments, with rates varying depending on the type and duration of the investment. The tax rate for individuals is generally 10%, while for companies, it ranges from 0% to 30%.
Corporate Tax Rate: The corporate tax rate in Mauritius is generally 15% for most businesses. However, certain sectors may qualify for reduced rates or tax holidays as part of government incentives to promote investment and economic growth.
Sales Tax: Mauritius applies a value-added tax (VAT) on goods and services. The standard VAT rate is 15%, with certain goods and services exempt or subject to reduced rates.
Property Tax: Property tax in Mauritius is levied on real estate holdings. The tax rate varies depending on the location, size, and value of the property. Rates typically range from 0.25% to 0.75% of the property's market value.
Payroll Tax: Mauritius levies a payroll tax on wages and salaries to fund social security programs. The payroll tax rate is approximately 10% to 15% of the employee's income, depending on various factors such as income level and social security contributions.
Tax Deductions and Credits: Mauritius offers various tax deductions and credits to reduce tax liability for individuals and businesses. These may include deductions for certain business expenses, investment incentives, and credits for specific activities such as research and development. The availability and extent of these deductions and credits can vary.
Tax Compliance: Tax compliance in Mauritius is relatively high, with efficient tax collection systems in place. The government actively enforces tax laws and regulations to ensure compliance. However, efforts to combat tax evasion and improve transparency remain ongoing.
Tax Burden: The overall tax burden on individuals and businesses in Mauritius is moderate, with total tax revenues accounting for approximately 20% to 25% of the country's GDP. However, the distribution of the tax burden may vary among different income groups and sectors of the economy.

31 Live Notices for Mauritius ....

Showing 1 to 20

SUPPLY, INSTALLATION, TESTING & COMMISSIONING OF STANDALONE PHOTOVOLTAIC SYSTEM POWERING SPLIT TYPE AIR CONDITIONERS AND ASSOCIATED WORKS FOR VSAT STATIONS AT AGALEGA & ST BRANDON ASSOCIATED WORKS FOR VSAT STATIONS AT AGALEGA & ST BRANDON ASSOCIATED WORKS FOR VSAT STATIONS AT AGALEGA & ST BRANDON
country Mauritius
posting date23 May 2025
deadline26 Jun 2025
Provision for Consultancy Services of a Legal Consultant for Proposals and Drafting of Regulations to the Use of Pesticides Act 2018 at Ministry of Agro-Industry, Food Security, Blue Economy & Fisheries
country Mauritius
posting date22 May 2025
deadline19 Jun 2025
Provision for Consultancy Services of a National Technical Consultant for Coordination, Oversight and Follow Up Activities at Ministry of Agro-Industry, Food Security, Blue Economy and Fisheries
country Mauritius
posting date22 May 2025
deadline19 Jun 2025
Provision Of Security Services For The Period 1St July 2025 To 30Th June 2026
country Mauritius
posting date21 May 2025
deadline04 Jun 2025
Emergency Contractor In The Event Of Flash Flood, Cyclone And Other Emergency Situations
country Mauritius
posting date21 May 2025
deadline04 Jun 2025
Provision of Cleaning Services at CEB Administrative Buildings Islandwide
country Mauritius
posting date19 May 2025
deadline16 Jun 2025
Provision of Security Services at CEB Critical Sites
country Mauritius
posting date19 May 2025
deadline16 Jun 2025
Operation And Maintenance Of Poudre Dor Transfer Station And Transportation Of Wastes From Poudre D Or Transfer Station To Mare Chicose Landfill For A Period Of 4 Months
country Mauritius
posting date17 May 2025
deadline27 May 2025
Provision Of Cleaning Services At Ceb Administrative Buildings Islandwide
country Mauritius
posting date17 May 2025
deadline16 Jun 2025
Supply,Installation & Maintenance of 8 Servers
country Mauritius
posting date16 May 2025
deadline02 Jun 2025
Procurement of Compressive Merchant Management Solution for QR Code, Sound Box Solution and Delivery of Hardware on CAPEX Model
country Mauritius
posting date16 May 2025
deadline02 Jun 2025
Supply Of Frozen Chicken Thigh & Breast On An As And When Required Basis For A Period Of Twelve Months
country Mauritius
posting date15 May 2025
deadline10 Jun 2025
CONSULTANCY SERVICES TO ACT AS INDEPENDENT ENGINEER IN THE IMPLEMENTATION OF A 10MWAC PV FARM AT LA VALETTE, BAMBOUS
country Mauritius
posting date15 May 2025
deadline11 Jun 2025
Procurement of Workstation & Accessories
country Mauritius
posting date14 May 2025
deadline28 May 2025
Provision for Gardening Services
country Mauritius
posting date14 May 2025
deadline28 May 2025
Provision for cleaning services
country Mauritius
posting date14 May 2025
deadline28 May 2025
Supply, Delivery, Installation, Configuration, Commissioning and Support of Three Hyper Converged Infrastructure (HCI) Servers with Related Software and Services
country Mauritius
posting date13 May 2025
deadline04 Jun 2025
Procurement Of Three Hyper Converged Infrastructure (Hci) Servers With Related Software And Services
country Mauritius
posting date12 May 2025
deadline04 Jun 2025
Procurement For Provision Of Security Services To Various Sites Of National Parks And Conservation Service
country Mauritius
posting date12 May 2025
deadline10 Jun 2025
Rental of Office Space for Meter Reading Section in Rose-Hill Region or its Vicinity
country Mauritius
posting date10 May 2025
deadline28 May 2025