According to the 2022 Global Innovation Index (GII) published by the UN’s World Intellectual Property Organisation, Mauritius retains its first position in Sub-Saharan Africa and secures the 45th position globally by gaining a noteworthy 7 places. The GII evaluates the innovation performance of 132 economies highlighting their innovation strengths and...
National Awareness Workshop on the African Continental Free Trade Area (AfCFTA)
A two-day workshop, entitled "National Awareness Workshop on the African Continental Free Trade Area (AfCFTA), washas been organised by the Ministry of Foreign Affairs, Regional Integration and International Trade in Mauritius in collaboration with the United Nations Economic Commission for Africa, with the support of the European Union. The objectives...
Mauritius preserves its Investment Grade status further to the latest Moody’s rating
Mauritius maintains its Investment Grade status further to the latest Moody’s report. It remains the only International Financial Centre in Africa with an Investment Grade ranking, and only one of two countries on the continent with an Investment Grade rating. It is important to emphasize that Mauritius continues to be...
Economic Freedom Report
Mauritius has been ranked 9th globally in the Economic Freedom of the World Report (“EFW”) for the year 2022, published by the Fraser Institute, Canada. Previously ranked on the 11th position as per the 2021 report, Mauritius has improved its positioning and is now amongst the top 10 countries in...
Mauritius achieves full compliance to the 40 FATF recommendations
At the 22nd Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Council of Ministers meeting held on 2 September 2022, Mauritius was successfully enhanced on the Financial Action Task Force (FATF) Recommendation 15 (new technologies) to ‘Largely Compliant’. This was the only outstanding recommendation where Mauritius still had a position...
FSC Single Window : Making It Easier To Do Business Through Digitalization
The Financial Services Commission (FSC) in collaboration with the Economic Development Board (EDB) and the Corporate and Business Registration Department (CBRD) has launched the FSC Single Window system on Thursday 21 July 2022. This One Stop Shop Single Window aims at facilitating business through digitisation for the benefit of both...
Mauritius classified as the most peaceful jurisdiction in the African Continent
The 16th edition of the Global Peace Index (the “GPI”) has classified Mauritius as the most peaceful jurisdiction in the African Continent. The GPI which rates 163 countries globally, based on the level of prevailing peacefulness, has placed Mauritius on the 28th position. The position of Mauritius is an improvement over the...
Virtual assets and initial token offering services
The Virtual Assets and Initial Token Offering Services Act 2021 (hereinafter referred to as the Act) was introduced on 07th February 2022 with an aim to promote Mauritius as an international financial centre of excellence and adapt with the digital revolution. The Financial Services Commission (“FSC”) is responsible as regulator...
Variable Capital Company (VCC)
The process of making a law of Variable Capital Companies Act (‘VCC Act’) in April 2022 characters yet another landmark for Mauritius as it strengthens its position as the International Financial Centre of choice for the region. The introduction of the Variable Capital Company (‘VCC’) which was announced in April...
Entry requirements (As from 01 July 2022)
As from 1 July 2022, irrespective of the vaccination status, individuals are no longer required to provide a negative PCR test result prior to coming to Mauritius and in addition, no test for covid is required upon arrival in Mauritius. It is worth noting that the wearing of mask is...