mauritius - unido
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Mauritius – JapanA Strong and Growing Partnership
Independence of Mauritius & Establishment of Diplomatic relations
Establishment of the Embassy of Japan in Mauritius
Establishment of Honorary Consulate of Mauritius in Japan
Participation of Prime Minister of Mauritius to TICAD 7
Launch of EDB Japan Office
50 years of Diplomatic Relations - Issue of Stamp & First Day Cover
His Majesty the Emperor
Naruhito of Japan &
Hon. Pravind Kumar
Jugnauth, Prime Minister
of Mauritius
Mauritius- Japan
Economic Relations
Exports to Japan (2019)
US$ 34 MTuna, Fish Fillets, Shirts,
Cut Flowers
Imports from Japan (2019)
US $ 173 M New motors cars, Second-
hand vehicles, Used
passenger vehicles, Portland
Cement
Investment projects from
Japan in Mauritius
Wholesale, Retail and
Real Estate sectors
MOU with Japan External Trade Organization (JETRO) and Japan Institute for Overseas Investment (JOI)
Population
1.3 million
Languages
English
French
Exclusive Economic Zone
2.3 million km2
Land Mass
2,040 Km2
Real GDP Growth
3.2 % (2019)Currency
Mauritian Rupee (MUR)
USD 1= MUR 40 (approx.)
GNI per Capita
Approx. USD 12,740 (2019)
High Income economy
Adult Literacy rate
89.9% World Bank – Doing Business 2020
1st in Africa
13th in World
Mauritius Today
From a Monocrop economy to a diversified Emerging
Market Economy10
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Per capita Income (USD)
Sugar Textile Tourism Financial Services ICT/BPO,Seafood
Smart Cities
Africa Strategy
High Tech manufacturing
Innovation led growth
20
19
Mauritius Today
Sectoral Performance
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
1975 2006 2018
Agriculture
Manufacturing
Construction
Wholesale & Retail Trade
Transportation & Storage
Tourism
ICT
Financial &Insurance Activities
Real EstateActivities
Professional, Scientific &TechnicalActivities
Administrative & Support Service Activities
Education
Human, Health & Social Work
Activities
Arts, Entertainment & Recreation
Others
Sectoral Contributions to GDP (%)
2019
Mauritius Today | Economic performance
GDP Growth (%) Investment (USD MN)
0
500
1,000
1,500
2,000
2,500
3,000
2016 2017 2018 2019
4.5 3.9 3.6 3.4 3.6 3.1 3.6 3.6 3.6 3.2
-14.2
9.96.5
2010 2011 2012 2013 2014 2015 2016 2017 2018 201920202021 2022
Mauritius Today
Preferential Markets
Preferential Market Access to more than 26% World Population
AfCFTA
Mauritius Tomorrow | A Safe, Modern and Stable economy
Future-ready infrastructure A hub for investment in Africa A diversified economic base
Innovation led development A great place to work, live and retire
No capital tax gains
Partial Exemption Regime 80%
Incorporation of a company in 2 hours
100% foreign ownership
Free Movement of Capital
Bilingual (English & French) pool of
professionals
Qualified & multi-skilled workforce
A conducive business environment | The Mauritius Advantage
A conducive business
environment
Doing business in Mauritius
23
49
2924
1721
2419
29 2832
49
2520
13
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
BFA 2019• 29 Legislations amended• 22 Regulations being amended
4 new Regulations introduced • 13 Regulations being revoked
E-Licensing Project
BFA 201726 legislations
amended
BFA 2006• Introduction of a one-stop shop for
incorporation/registration• Simplified tax system• Introduction of the Occupation Permit
A conducive business environment | World Bank Ease of Doing Business
2020 2021
??
Economic Freedom of the World (2019) – Fraser Institute
9th out of 162 countries
Tax Efficiency Indexth globally
Forbes Survey of Best Countries for Business (2019)
39th out of 139 countries
Global Competitiveness Index (2018 – 2019)
52th out of 140 countries
Mo Ibrahim Index of Africa Governance(2020)
1st inAfrica
13th out of 190 countries
A conducive business environment | International accolades
World Bank Ease of Doing Business
5
Mauritius Tomorrow | Future-ready infrastructure
An Evolving Infrastructure with USD 750 Million public spending over 7 years
S e a p o r t Tr a n s p o r t a t i o n A i r p o r t H e a l t h c a r e E d u c a t i o n
Existing Connections
Future Connections
• SAFE
• LION
• MARS
• METISS
• IOX
Telecommunications
Container Terminal capacity: from 500,000 TEUs to 750,000 TEUs
• Expansion to 1 TEUs with additional Container handlingequipment in progress
Cruise terminal development to the tune of MUR 690 million with expected 60 cruises calling per year
Construction of 2 km breakwater to ensure zero downtime at the new Island Container Terminal.
Port Capacity & New Developments
A hub for investmentsin Africa
Europe
34.9% USD 116.7 billion 16.5% USD 65.8 billion
Africa
10.5% USD 35.0 billion 9.9% USD 39.6 billion
India
10.4% USD 34.6 billion 53.6% USD 213.6 billion
China
6.3% USD 21.0 billion 5.3% USD 21.0 billion
Asia
15.0% USD 50.2 billion 11.1% USD 44.3 billion
America
22.0% USD 65.8 billion 2.8% USD 11.2 billion
Excl. India & China
Inward Investment
Outward Investment
A hub for investment in Africa | Investments through the Mauritius IFC
Mauritius: Conducive Business Environment
Ideal Time Zone
As at June 2019, Mauritius received USD 2.8 billion stock of investment
through:
15 Investment Holding companies
21 Fund structures
Investment Stock as at June 2019
Investment from Japan
to Mauritius: USD
2,864 million
Investment from
Mauritius to Japan:
USD 272 million
A hub for investment in AfricaCorridor for investment from Japan
KEY:
▲- IPPA in force
▲- IPPA awaiting ratification
- 45 globally (signed)
- 24 with African states
■- DTAA in force
■- DTAA awaiting ratification
- 51 globally (signed)
- 22 with African states
▲ ■
Cabo Verde
▲ ■ Egypt
▲ ■ South Africa
■ Seychelles
■ Botswana
▲ ■ Congo
▲ ■ Madagascar
▲ ■ Mozambique
Namibia ■
▲ Senegal
▲ ■ Swaziland
■ Uganda
▲ ■ Zambia
▲ ■ Zimbabwe
■ Tunisia
▲ Burundi
▲ Tanzania
■ Lesotho
▲ ■ Gabon
▲ Cameroon
▲ ■ Comoros
▲
Ivory
Coast▲ ■ Kenya
▲ ■ Ghana
▲Mauritania ▲ Chad
▲ ■ Rwanda
▲ Guinea ▲ Benin
▲
São
Tomé
and
Príncipe
■ Morocco
■ Nigeria
A hub for investment in Africa
Extensive network of bilateral treaties Benefits of IPPAs
Expropriation
Compensation for losses
Arbitration
Subrogation
Free repatriation of capital and
profits
Mauritius Tomorrow | A diversified economic base
Manufacturing Construction & Real Estate Tourism HealthcareLogistics
Wholesale & Retail Financial Services ICT-BPO Agro-IndustryKnowledge
Strict Sanitary Protocols
Preserve jobs
Create Conditions favorable to
New Opportunities
Financial Stimulus Measures: 36 % of GDP
Financial Stimulus Measures in response to COVID-19
• Wage/ Salary Support
• Financial Support from
Mauritius Investment
Corporation Ltd
Provision of Assistance to financially
distressed systemically large, important and
viable corporations as a result of the
COVID-19
• Bank of Mauritius Special
Relief Programme (Banking)
Reduction of Cash Reserve Ratio, Easing of
Banking Guidelines, Introduction of a 2020
Savings Bond
• Other Financial Support
• State Investment
Corporation
• Investment Support
Programme Limited
(ISP)
• SME Equity Fund Ltd
• Equity Participation Scheme
• SME Factoring Scheme, Leasing
Equipment Modernization Scheme,
Corporate Guarantees to banks
• Equity Financing, Enterprise
Modernisation Scheme (EMS), Revolving
Credit Fund
• Additional Support
Households and Businesses
Covid-19 Pandemic & Government’s Response
Government’s Response
Sanitary Curfew: 23 March – 30 May 2020
10 th April
Minimising Climate Change Impacts for Sustainable Development
1992: Ratification of the United Nations Framework Convention on Climate Change (UNFCCC)2005: Hosting of the UN Conference on Small Islands in Mauritius, leading to an International Framework to
reduce Climate Vulnerability in SIDS.2016: Hosting of the African Ministerial Conference on Ocean Economy and Climate Change.2017: Publication of a pioneer report with the World Bank, establishing the impact of Climate Change on
SIDS and particularly Mauritius & Provision of quantitative and qualitative guidance on Mitigative, Adaptative and Financing Measures
Marine Restoration through Coral Restoration Beach Erosion Mitigation Accelerating the Renewable and Clean energy shift
Target: 40 % of Energy Mix as Renewable Energy by 2030Infrastructural Resilience namely in the Port sector
Examples of mitigation and adaptative projects
Proactive Roles undertaken by Mauritius:
In collaboration with JICA}
A great place to Work,
Live and Retire
TRAVEL TO MAURITIUS under Premium Visa
Open To All Foreign Professionals, Families, Retirees
ENJOY THE UNIQUE LIFESTYLE EXPERIENCE
STAY IN A COVID-SAFE ENVIRONMENT
WORK REMOTELY
▪ Minimum investment of USD 50,000
▪ Turnover should exceed USD 133,000 annually
Investor
▪ Basic monthly salary >USD 1,500
▪ ICT sector > USD 755
Professional
Self Employed
▪ Minimum investment of USD 35,000
▪ Annual Turnover exceed USD 20,000
Innovators’ Occupation Permit
The innovator’s permit provides for investors wishing to invest in
innovative projects to be eligible for an OP with an investment of
USD 40 000
or
No capital outlay requirement for start-ups mentored by an
incubator under the Innovator Occupation Permit
A great place to work, live and retire
Retired non-citizen
▪ Initial transfer of at least USD 1,500
▪ Transfer of USD 1,500 monthly or the aggregate of at least USD
18,000 per year