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VFS Home > VFS Mauritius > Mauritius
18 Aug 10 "Monthly Bulletin - July 2010"      "QROPS"     
Mauritius
 
Mauritius continues to develop as a world-class offshore financial and investment hub for both private and commercial segments of the international market. The island has near-perfect climate, friendly people and high levels of personal security.

Economically, Mauritius is one of very few countries that exhibit consistently strong GDP growth, which has continued even throughout the recent economic downturn. The IRS property market is still in a youthful phase yet this has already seen exceptional appreciation, with the future outlook predicted to be highly buoyant.

In recent years the island has consolidated its position as the leading business and financial services hub in the Indian Ocean and has received numerous prestigious global accolades in leading surveys, including:

  • 1st in Africa in the World Bank Doing Business 2009 rankings.
  • 1st in Africa in World Economic Forumfs Global Enabling Trade Report 2009.
  • 1st among African cities in Mercerfs Quality of Living (Port Louis).
  • 1st in the African region in The Economist Intelligence Unitfs Index of Democracy 2008.
  • 4th in Africafs most competitive travel and tourist destination, according to the World Economic Forumfs Travel and Tourism Competitiveness rankings.
  • Mauritius won the Award for Most Improved Investment Climate in 2009 and also received the Climate Protection Award from the US Environmental Protection Agency.

Geography and Demography

Location

2,400 km off the south-eastern coast of Africa

Capital

Port Louis

Population

1.2 million, consisting of people of Indian, Chinese, European and African origin

Workforce

541,000

Main Language

English (official language) and French

Climate

Sub-tropical, with temperatures ranging from 21‹C to 34‹C

Area

1,865 square kilometres

Agricultural land

86,500 ha (46% of area)

Forests & grazing lands

57,000 ha (30% of area)

Time Zone

GMT +4 hours

 

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