flag Mauritius Mauritius: Investing

FDI in Figures

Mauritius is the fifth largest destination for FDI in Small Island Developing States (SIDS), after the Bahamas, Jamaica, Maldives and Barbados. According to UNCTAD's World Investment Report 2022, FDI flows to Mauritius increased in 2021, reaching USD 253 million, compared to USD 225 million recorded one year earlier. However, the figure is still lower than the three-year average recorded before the pandemic (USD 461 million in 2017-19). In 2021, the total stock of FDI stood at USD 5.3 billion, around 48.3% of the country’s GDP. The main investors are the United States, India, the United Kingdom, the Cayman Islands and Hong Kong. Traditionally, the tourism sector attracts the most FDI, particularly the Integrated Resort Scheme, which deals with the construction of luxury villas, golf courses and other amenities in the resort areas. Other sectors that attract FDIs are financial and insurance services and construction. According to the latest data by the Bank of Mauritius, gross direct investment flows were estimated at MUR 18,231 million for the first three quarters of 2022, compared to MUR 8,539 million for the corresponding period in 2021. The ‘real estate activities' sector was the major recipient of gross direct investment inflows (54.6%), followed by the ‘Education’ (13.4%) and ‘Accommodation and food service activities’ (6%) sectors. Gross direct investment in Mauritius was mainly sourced from France (22.8%), South Africa (12.8%), and the UK (5.6%).

Mauritius aims to become an investment hub located midway between Africa and Asia. In recent years, the country's economic diplomacy has sought to create and strengthen partnerships with emerging countries (India, Turkey, etc.), while also offering technical assistance to several African countries. Agreements with Ghana, Senegal and Madagascar have been approved in order to create special economic zones (SEZ) in those countries and open niche markets for Mauritian exports. Moreover, one of the key factors that have contributed to Mauritius' success in attracting FDI is its network of double taxation avoidance treaties with over 40 countries. Only a few sectors are subject to restrictions, including television broadcasting (49.9% foreign ownership limit), sugar production (15%), and newspaper or magazine publishing (20%); whereas in the tourism sector limitations are related to a minimum investment amount, the number of rooms, or the maximum equity participation (visit the Tourism Authority website for further information). In the construction sector, foreign consultants or contractors are required to register with the Construction Industry Development Board (CIDB). In addition to the Government's incentives for investments (special economic zones, tax incentives, payment facilities, etc.), the country offers investors a stable economic and political environment, a solid judicial system, modern infrastructure, a stable financial system and a highly skilled and dynamic workforce. Corruption in the country is low by regional standards (the country ranks 50th out of 180 economies in the latest Corruption Perception Index). Additionally, the government of Mauritius has implemented various initiatives to attract foreign investments, such as the Economic Development Board (EDB), which provides a one-stop-shop for investors looking to set up businesses in Mauritius. The Heritage Foundation classifies Mauritius as 26th out of 176 countries in its 2023 Index of Economic Freedom ranking.


Country Comparison For the Protection of Investors

  Mauritius Sub-Saharan Africa United States Germany
Index of Transaction Transparency* 7.0 5.5 7.0 5.0
Index of Manager’s Responsibility** 8.0 3.5 9.0 5.0
Index of Shareholders’ Power*** 9.0 5.5 9.0 5.0

Source: Doing Business - Latest available data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action.

Foreign Direct Investment 201920202021
FDI Inward Flow (million USD) 444225253
FDI Stock (million USD) 5,780.45,630.45,355.4
Number of Greenfield Investments*
Value of Greenfield Investments (million USD) 2866974

Source: UNCTAD - Latest available data

Note: * Greenfield Investments are a form of Foreign Direct Investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.


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Tax Rates

Value-added tax (VAT)
15% (standard rate)
Company Tax
Withholding Taxes
Dividends: 0%; Interests: 0 (resident companies)/15%; Royalties: 10% (residents)/15% (non-residents)
Social Security Contributions Paid By Employers
For an employee, other than a public sector employee, earning a basic wage or salary not exceeding MUR 50,000 in a month, the social contributions rate payable by the employer is 3% (4.5% for public employees).
For an employee, other than a public sector employee, earning a basic wage or salary exceeding MUR 50,000 in a month, the social contributions rate payable by the employer is 6% (9% for public employees).
For an employee who is in the domestic service earning a basic wage or salary not exceeding MUR 3,000 in aggregate in a month from one or more employers, the social contributions rate payable by the employer is 3%.
Other Domestic Resources
Mauritius Revenue Authority
Overview of the Mauritius' tax measures in response to Covid-19
PwC - Worldwide Tax Summary: Mauritius, to obtain a summary of the taxation system in Mauritius

Individual Taxes

Personal income tax Progressive rates from 10% to 15%
Up to MUR 700,000 10%
Between MUR 700,000 and 975,000 12.5%
Above MUR 975,000 15%
Solidarity levy (on annual leviable income exceeding MUR 3 million) 25%

Country Comparison For Corporate Taxation

  Mauritius Sub-Saharan Africa United States Germany
Number of Payments of Taxes per Year 8.0 36.6 10.6 9.0
Time Taken For Administrative Formalities (Hours) 140.0 284.8 175.0 218.0
Total Share of Taxes (% of Profit) 22.2 47.3 36.6 48.8

Source: Doing Business - Latest available data.

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Investment Opportunities

Tenders, Projects and Public Procurement
Tenders Info, Tenders in Mauritius
DgMarket, Tenders Worldwide
Setting Up a Company
Mauritius Chamber of Commerce and Industry
Mauritius Financial Services Commission
Useful Resources
Economic Development Board (EDB)
Mauritius Trade Portal
Mauritius Trade Portal

Business Setup Procedures

Setting Up a Company Mauritius Sub-Saharan Africa
Procedures (number) 4.00 7.51
Time (days) 4.50 21.30

Source: Doing Business.


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Latest Update: May 2023