MAURITIUS/media/IE Singapore/Files/ASBF2016/Mauritius_by...The Financial Services Promotion Agency...
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MAURITIUS: Your Financial Centre and Business Hub for Africa Harvesh SEEGOLAM 25th August 2016, Singapore
Transcript of MAURITIUS/media/IE Singapore/Files/ASBF2016/Mauritius_by...The Financial Services Promotion Agency...
MAURITIUS:Your Financial Centre and Business Hub for Africa
Harvesh SEEGOLAM25th August 2016, Singapore
KEY FACTS
Exclusive Economic Zone: 2.3m sq kmsPopulation: 1.3 millionTime Zone: GMT +4
Political System: Parliamentary democracy with free election every 5 yearsLegal system: Hybrid (Common & Civil Law) with Final Court of Appeal: Privy Council
Real GDP growth Rate: 3.9% (est. 2016)GDP Per Capita: USD 10,000 approxSovereign rating: Baa1 (Moody’s)
PART OF AFRICA
STIN AFRICA
INTERNATIONAL ACCOLADES – FROM OUR EASE OF DOING BUSINESS
Democracy Index 2015
World Bank Doing Business 2016
2016 Index of Economic Freedom
Economic Freedom of the World
2015
Global Innovation Index 2016
Global Competitiveness Index 2015-2016
Mo Ibrahim Index of African Governance
2015
African Index on Economic
Transformation
Mauritius: our Africa proposition
Movement of Capital
Movement of Goods
Movement of People
OUR AFRICA PROPOSITION
Proven IFC of choice
OFFERING OF THE MAURITIUS IFC AS A BASE FOR AFRICA
Banking & Insurance
Listing & Capital Raising
Support & Professional Services
Cross-border
investment & services
• Regional Headquarters• Treasury Management• Private Equity & LPs• Global Funds• Investment Holdings• Trusts and Foundations• Protected Cell Companies• Debt Financing
• Conventional & Islamic Banking• Investment Banking • Private Banking• Insurance & Re-Insurance• Captives
• International law firms• Leading Arbitration Centre• Top Accountancy firms• BPO Services• State-of-the art IT infrastructure• Qualified professionals
• Member of WFE• List, Trade & Settle in EUR,
ZAR, GBP and EUR• Flexible Rules for Specialist
Debt Instruments (Eurobonds) & Junior Mining & Early Exploration Companies
EXTENSIVE NETWORK OF BILATERAL TREATIES
Efficient InvestmentSafer Investment
KEY:
▲- IPPA (BIT) - 43 globally - 23 with African states
■- DTAA- 47 globally - 20 with Africa states
WEALTH MANAGEMENT
Overseas Family Corporation license
UHNWI investing a minimum of USD 25 M
HEADQUARTERING & TREASURY
MANAGEMENT
Global Headquarters Administration
Treasury Management Centre license
ASSET & FUNDS MANAGEMENT
Managing a minimum asset base of USD 100 M
INVESTMENT BANKING
Investment Banking and Corporate Advisory
license
ENHANCING THE MAURITIUS VALUE PROPOSITION FOR AFRICA
Introduction of new products Budget 2016/2017 announcement
Incentives Criteria of employment creation and substance
INTERNATIONAL LAW FIRMS
Global Legal Advisory Services license
MINDEX - The Mauritius International Derivatives & Commodities Exchange
• Location to be declared as a freezone• Spillovers:
• Jewelry Manufacturing• Refineries• Polishing Units
Derivatives exchange platform to hedge African currencies
First combined derivatives and spot trading platform of the region
Trade in Gold, Diamond and other precious coloured stones
State of the art Vault in Mauritius
ENHANCING THE MAURITIUS VALUE PROPOSITION FOR AFRICA
The Africa Platform (TAP)
• The premier capital raising, CF& M&A hub for Africa
• Match-making platform toconnect African bankableprojects in need of finance withcapital providers
• Complementing the AfricaCentre of Excellence by theBoard of Investment
ENHANCING THE MAURITIUS VALUE PROPOSITION FOR AFRICA
MAURITIUS: LOGISTICS & MANUFACTURING PLATFORM FOR AFRICA
Duty-Free and VAT free
for goods and
equipment imported
into Freeport zones
Corporate tax
exemption
Reduced Port handling
charges
50 % of
turnover sales to
the local market
Manufacturing for
Africa
Access to Global Business
banking facilities
Freight Rebate Scheme
Budget
2016/2017Port
development
and extension
Ghana
Technology Park
Industrial & Logistics Park,
Agricultural Zone,
Development of Services
sector- 40 hectares already allocated
Industrial Park,
Agricultural Zone,
Development of
Services sector
AFRICA INITIATIVES : ENHANCING ECONOMIC DIPLOMACY
Development of Special Economic Zone Setting up of Special Economic zones in Ghana, Madagascar and Senegal
Objectives
• Attract industrial investment
• Ensure the transfer of appropriate
technologies
• Strengthening the export capacity to
earn foreign exchange
• Mitigate the problem of unemployment
around the areas dedicated for the
zones
TO CONCLUDE…
WHY MAURITIUS AS AFRICA’S IFC & BUSINESS HUB?
Well-developed network of internal
and external communications
infrastructure
Market Access
& Proximity
Risk mitigation (IPPAs)
OECD White-listed Jurisdiction
& Transparent Jurisdiction
Skilled multi-lingual workforce
& Open immigration policy
Efficiency (Cost & Fiscal)
Bespoke products & services
Adherence to best practices
& Global Recognition
Favourable Business Environment
Ease of Doing Business
No exchange control
CONTACT US:
www.mauritiusifc.mu
The Financial Services Promotion Agency is a Government of Mauritius institution mandated to promote and develop Mauritius as an International Financial Centre.
