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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.

41 Live Notices for Mauritius ....

Showing 1 to 20

Operation And Maintenance Of Roche Bois Transfer Station And Transportation Of Wastes From Roche Bois Transfer Station To Mare Chicose Landfill For A Period Of 4 Months
country Mauritius
posting date30 Apr 2025
deadline12 May 2025
Procurement For The Provision Of Scavenging Service, Cleaning Of Market And Fairs, Traffic Centres, Playgrounds And Other Public Places And Disposal Of Wastes Within The Township Of Curepipe For A Period Of 3 Months For Lots 1 And 2
country Mauritius
posting date30 Apr 2025
deadline14 May 2025
C2025/75 - Permanent Road Reinstatement In The Region Of L'Escalier
country Mauritius
posting date29 Apr 2025
deadline28 May 2025
Operation And Maintenance Of Roche Bois Transfer Station And Transportation Of Wastes From Roche Bois Transfer Station To Mare Chicose Landfill For A Period Of 4 Months
country Mauritius
posting date29 Apr 2025
deadline12 May 2025
Rfp-Capacity Development In Forest-Fire And Wildfire Management
country Mauritius
posting date29 Apr 2025
deadline12 May 2025
Rfp-Capacity Development In Forest-Fire And Wildfire Management
country Mauritius
posting date29 Apr 2025
deadline12 May 2025
Procurement of Tyres for Reachstackers, Tractors and Trailers
country Mauritius
posting date28 Apr 2025
deadline28 May 2025
Procurement of Concrete Pole (11metre long /8.0kN)
country Mauritius
posting date28 Apr 2025
deadline21 May 2025
Provision of security guards for 24/7 guarding of the premises and its assets.
country Mauritius
posting date26 Apr 2025
deadline16 May 2025
Procurement Of Tyres For Reachstackers, Tractors And Trailers
country Mauritius
posting date25 Apr 2025
deadline26 May 2025
Consultancy Services For An International Expert On Beagle Dog Biosecurity
country Mauritius
posting date25 Apr 2025
deadline08 May 2025
Consultancy Services For An International Expert On Beagle Dog Biosecurity
country Mauritius
posting date24 Apr 2025
deadline08 May 2025
Provision Of Security Services For Mcia For A Period Of Twelve (12) Months.
country Mauritius
posting date24 Apr 2025
deadline20 May 2025
SUPPLY AND INSTALLATION OF AUDIOVISUAL EQUIPMENTS (Wireless Conference Centre Control unit with recording capabilities, Wireless Chairman unit with rechargeable battery,.)
country Mauritius
posting date23 Apr 2025
deadline30 Apr 2025
Provision of Simultaneous interpretation during workshops, meetings, and gatherings organized as part of the HYDROMET project
country Mauritius
posting date23 Apr 2025
deadline06 May 2025
Supply of Uniform Items
country Mauritius
posting date23 Apr 2025
deadline02 May 2025
Procurement Of Street Cleaning, Refuse Collection And Disposal Services Including Carting Away Of Post- Cyclonic Waste In The Coastal Village Of Trou Deau Douce
country Mauritius
posting date22 Apr 2025
deadline07 May 2025
SUPPLY, DELIVERY, INSTALLATION, COMMISSIONING AND AFTER-SALES SERVICE OF CONFERENCE ROOM AND IT EQUIPMENT AT THE NATIONAL DISASTER RISK REDUCTION AND MANAGEMENT CENTRE OF MAURITIUS
country Mauritius
posting date19 Apr 2025
deadline19 May 2025
Supply, delivery, installation, commissioning and after-sales service of equipment to strengthen early warning systems in Seychelles
country Mauritius
posting date19 Apr 2025
deadline19 May 2025
Provision of Maintenance of the Energy Efficiency Information Management System
country Mauritius
posting date19 Apr 2025
deadline05 May 2025