Mauritius – JapanA Strong and Growing Partnership
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
Establishment of the Embassy of Japan in Mauritius
Establishment of Honorary Consulate of Mauritius in Japan
Independence of Mauritius & Establishment of Diplomatic relations

His Majesty the Emperor
Naruhito of Japan &Hon. Pravind Kumar
Jugnauth, Prime Ministerof Mauritius

Mauritius- Japan
Economic Relations

Exports to Japan (2019)

Imports from Japan (2019)

US$ 34 M

US $ 173 M

Tuna, Fish Fillets, Shirts,
Cut Flowers

New motors cars, Secondhand vehicles, Usedpassenger vehicles, Portland
CementInvestment projects fromJapan in Mauritius
Wholesale, Retail andReal Estate sectors

MOU with Japan External Trade Organization (JETRO) and Japan Institute for Overseas Investment (JOI)Mauritius Today

Population
1.3 million

Languages
EnglishFrenchLand Mass
2,040 Km2

Real GDP Growth
3.2 % (2019)

GNI per Capita
Approx. USD 12,740 (2019)
High Income economy

Adult Literacy rate
89.9%

Exclusive Economic Zone
2.3 million km2Currency
Mauritian Rupee (MUR)
USD 1= MUR 40 (approx.)

World Bank – Doing Business 2020
1st in Africa
13th in World

1010

12050
12740

3900

2430

8080

From a Monocrop economy to a diversified Emerging
Market Economy

1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019

Per capita Income (USD)

Sugar

TextileTourism

Financial Services

ICT/BPO,
Seafood

Smart Cities
Africa Strategy
High Tech manufacturing
Innovation led growth35.0

Mauritius Today
Sectoral Performance
1975

30.0
25.0

2006

2019
2018

Sectoral Contributions to GDP (%)

20.0
15.010.0
5.00.0

Manufacturing

Agriculture

Wholesale &Retail Trade

Construction

Transportation &Storage

Financial &Insurance
Activities

Tourism

ICT

Professional,
Scientific &TechnicalActivities

Real Estate
Activities

Education

Administrative & Support
Service Activities

Arts,
Entertainment& Recreation

Human, Health& Social Work
Activities

OthersMauritius Today | Economic performance

GDP Growth (%)

Investment (USD MN)
3,000

9.9
4.5 3.9 3.6 3.4 3.66.5

3.1 3.6 3.6 3.6 3.2

2,500
2,000
1,500

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

1,000500

0-14.2
Source: Statistics Mauritius & IMF

2016

2017

Source: Statistics Mauritius

2018

2019

Preferential Market Access to morethan 26% World Population

Mauritius Today
Preferential Markets

AfCFTA

Mauritius Tomorrow | A Safe, Modern and Stable economy

Future-ready infrastructure

A hub for investment in Africa

Innovation led development

A great place to work, live and retire

A diversified economic base

A conducive business environment | The Mauritius Advantage
No capital tax gains
Partial Exemption Regime 80%

Bilingual (English & French) pool ofprofessionals
Qualified & multi-skilled workforce

Incorporation of a company in 2 hours
100% foreign ownershipFree Movement of CapitalA conducive businessenvironment

businessin Mauritius
A conducive business Doing
environment| World
Bank Ease of Doing Business2006

200720082009

2010

1723292449

2011

2012

2013

2014

2015

2016

2017

2018

2019

??

E-Licensing Project

2124

1929

2825

2020 2021

20

133249BFA 2017
26 legislations
amendedBFA 2006• Introduction of a one-stop shop forincorporation/registration• Simplified tax system• Introduction of the Occupation Permit

BFA 2019• 29 Legislations amended• 22 Regulations being amended
4 new Regulations introduced• 13 Regulations being revokedA conducive business environment | International accoladesWorld Bank Ease of Doing Business13th out of 190 countries

Forbes Survey of Best Countriesfor Business (2019)39th out of 139 countries
Global Competitiveness Index(2018 – 2019)

Mo Ibrahim Index ofAfrica Governance(2020)

1stAfricain
Economic Freedom of the World(2019) – Fraser Institute
9th out of 162 countries

52th out of 140 countries
Tax Efficiency Index

5 globallythMauritius Tomorrow | Future-ready infrastructure
An Evolving Infrastructure with USD 750 Million public spending over 7 years
SeaportTr a n s p o r t a t i o n

Airport

Healthcare

Education

Telecommunications
Existing Connections• SAFE• LION• MARS
Future Connections• METISS• IOX

Port Capacity & New Developments
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 withexpected 60 cruises calling per year
Construction of 2 km breakwater to ensure zero downtime at the new
Island Container Terminal.

A hub for investmentsin AfricaA hub for investment in Africa | Investments through the Mauritius IFC
22.0% USD 65.8 billion
2.8% USD 11.2 billion

Excl. India& China

34.9% USD 116.7 billion
16.5% USD 65.8 billion

6.3% USD 21.0 billion
5.3% USD 21.0 billion

EuropeAsia
America

China
India
AfricaInward Investment

10.4% USD 34.6 billion
53.6% USD 213.6 billion

Outward Investment
10.5% USD 35.0 billion
9.9% USD 39.6 billion

15.0% USD 50.2 billion
11.1% USD 44.3 billion

A hub for investment in Africa
Corridor for investment from Japan
Investment Stock as at June 2019Investment from Japan
to Mauritius: USD

2,864 million

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 fromMauritius to Japan:

USD 272 million

A hub for investment in Africa
Extensive network of bilateral treaties■ Tunisia■ Morocco

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▲ ■ Egypt▲Mauritania▲■Cabo Verde▲ ChadBenefits of IPPAs
Expropriation
Compensation for losses
Arbitration
Subrogation
Free repatriation of capital andprofits▲ Senegal▲ Guinea▲ Benin▲ ■ Ghana ■ Nigeria▲▲ Cameroon
Ivory▲Coast■ Uganda
São▲ ■ Kenya▲■GabonTomé▲■Congo▲■Rwandaand▲ Burundi
Príncipe▲ Tanzania▲ ■ Zambia▲ ■ Mozambique▲ ■ Zimbabwe
Namibia ■ ■ Botswana▲ ■ Swaziland■ Lesotho▲■South Africa■ Seychelles▲ ■ Comoros▲ ■ Madagascar

Mauritius Tomorrow | A diversified economic base

Manufacturing

Construction & Real Estate

Tourism

Logistics

Healthcare

Wholesale & Retail

Financial Services

ICT-BPO

Knowledge

Agro-Industry

Covid-19 Pandemic & Government’s Response
Government’s Response
Strict Sanitary Protocols

Preserve jobs
Create Conditions favorable toNew Opportunities

Financial Stimulus Measures in response to COVID-19•Wage/ Salary Support•Financial Support fromMauritius Investment
Corporation Ltd

Provision of Assistance to financiallydistressed systemically large, important andviable corporations as a result of theCOVID-19•

Bank of Mauritius SpecialRelief Programme (Banking)Reduction of Cash Reserve Ratio, Easing ofBanking Guidelines, Introduction of a 2020
Savings Bond•

Other Financial Support•State InvestmentCorporation•Investment Support
Programme Limited(ISP)•SME Equity Fund Ltd

Financial Stimulus Measures: 36 % of GDP
10 th April•Sanitary Curfew: 23 March – 30 May 2020

Additional Support
Households and Businesses••Equity Participation Scheme
SME Factoring Scheme, Leasing
Equipment Modernization Scheme,
Corporate Guarantees to banks•Equity Financing, Enterprise
Modernisation Scheme (EMS), Revolving
Credit Fund

Minimising Climate Change Impacts for Sustainable Development
Proactive Roles undertaken by Mauritius:
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 toreduce 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 onSIDS and particularly Mauritius & Provision of quantitative and qualitative guidance on Mitigative,Adaptative and Financing Measures
Examples of mitigation and adaptative projects
Marine Restoration through Coral Restoration
In collaboration with JICA
Beach Erosion Mitigation
Accelerating the Renewable and Clean energy shift
Target: 40 % of Energy Mix as Renewable Energy by 2030
Infrastructural Resilience namely in the Port sector}

A great place to Work,
Live and Retire

TRAVEL TO MAURITIUS
under Premium Visa

WORK REMOTELY

ENJOY THE UNIQUE LIFESTYLE
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STAY IN A COVID-SAFE ENVIRONMENTOpen To All Foreign Professionals, Families, Retirees

A great place to work, live and retire
Investor▪
▪

Minimum investment of USD 50,000Turnover should exceed USD 133,000 annually

Professional▪
▪

Basic monthly salary >USD 1,500
ICT sector > USD 755

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 ininnovative projects to be eligible for an OP with an investment ofUSD 40 000orNo capital outlay requirement for start-ups mentored by anincubator under the Innovator Occupation Permit

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