Exporting guide to Mauritius
Range of opportunities
There are excellent business opportunities in a range of fields in Mauritius, including:
- financial and professional services
- property development and smart cities
- information technology
- life sciences
- media and creative industries
- ocean economy
Ease of doing business
The World Bank ranks Mauritius as the easiest African country to do business in (World Bank, 2018). It is politically stable, well governed, and offers a robust and independent legal system.
Foreign investment encouraged
Mauritius wants to attract foreign investors to explore its thriving business environment. The country is open to foreign investment and talent, its regulatory regime is friendly to investment and, as an island nation, it has one of the largest exclusive economic zones in the world.
Opportunities for exporters
There are opportunities for UK companies across a broad range of industries. Our trade advisers in Mauritius have identified particular opportunities for UK businesses in the following sectors:
The higher education sector has developed rapidly in Mauritius. A number of UK universities and awarding bodies offer UK qualifications and the Mauritian government intends to make the country a hub for UK tertiary learning institutions throughout the rest of Africa.
There is a need for better vocational education, to make sure the workforce has the skills the labour market needs. There are opportunities for UK education businesses to provide continuous professional development services, consultancy services for developing educational and training programmes, and bespoke education programmes for industry.
There are opportunities to set up international pre-primary, primary and secondary schools, academies, polytechnic institutes, research centres and executive education institutions. There’s also a demand for specialised institutions or university campuses to offer courses in fields such as maritime, renewable energy, the ocean economy, biotechnology, biofarming, life sciences, and advanced technology.
Strategic financial centre
Mauritius has embraced the highest standards of international practice and is among the most open, competitive and low tax economies in the world. Strategically located in the Indian Ocean at a crossroads for international investments, Mauritius has forged a strong reputation as a premier international financial centre.
The Mauritian government has announced measures intended to safeguard Mauritius’ reputation as an international finance centre and open up the economy further to prospective investors. These measures include taxation and licensing reforms, financial technology legislation, and plans to transform the local bond market and set up an international capital market.
Marine services and exploration
The ocean economy offers opportunities for UK businesses with expertise in seabed exploration for hydrocarbons and minerals, deep ocean water technology, ocean knowledge, marine finance and information communications technology, seaports and marine renewable energy sources.
Mauritius’ location, in one of the world’s cleanest oceans, offers significant potential for UK businesses in aquaculture, fishing and seafood processing. There are investment and business opportunities in lagoon cage culture, inland aquaculture farms, tuna ranching and fattening in cages, and hi-tech production techniques such as aqua pods.
Research and development
Mauritius’ local weather, attractive investment climate and existing research institutions make it an ideal test base for renewable energy research and development projects that can be replicated on a regional scale. The waters around Mauritius could also be used as a test base for marine renewable energy projects.
Wind, wave and geothermal energy
A number of renewable energy sources are showing promise in Mauritius, including geothermal energy and offshore wind and wave farms. Initial findings from the Mauritius Research Council suggest that there’s potential for large-scale development of offshore wind farms and that offshore wave farms are already proving successful.
Deep ocean water applications
Deep ocean water applications (DOWA) exploit deep sea water currents for cooling and other uses. There are opportunities for UK companies to take part in DOWA projects in Mauritius.
Healthcare and life sciences
Setting up facilities
There are opportunities for UK companies to set up specialist healthcare centres, especially for diabetes research and treatment, elderly care and rehabilitative medicine, and stem-cell therapies. There’s also a demand for clinics for reconstructive plastic surgery, dental surgery and orthopaedics, convalescence and pain, as well as for wellness centres and health resorts.
The life sciences sector in Mauritius has grown significantly over recent years. There are opportunities for businesses in pharmaceuticals, medical devices and clinical research, as well as in agricultural and marine biotechnology.