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OECD Investment Policy Reviews: Mauritius 2014

image of OECD Investment Policy Reviews: Mauritius 2014

This review illustrates the significant progress made by the government of Mauritius in improving its investment climate in recent years. It highlights major initiatives and specific policy measures undertaken, as well as areas that need further reforms to attract more and better investment, both domestic and foreign. While numerous policy advances have been achieved, this review identifies remaining challenges and policy options.

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Investment promotion and facilitation in Mauritius

The Government of Mauritius places strong emphasis on attracting FDI, especially from emerging economies. Significant improvements in the business environment have been made, starting with the 2006 Business Facilitation Act and followed by the rationalisation of investment incentives and continuing simplification of business licencing procedures. Strategic bodies (such as the Inter-Ministerial Committee on Business Facilitation or the Joint Economic Council) together with a very dynamic Investment Promotion Agency (the Mauritius Board of Investment) have been established and manage regular communication with investors. However the dominant emphasis in national development strategies (such as the ten-year Economic and Social Transformation Plan, ESTP) is mostly on wide-ranging social objectives, and Mauritius could benefit from a long-term strategy dedicated specifically to investment. The framework for SME promotion and business linkage creation could also be enhanced and better co-ordinated, notably to ensure that SMEs can fully utilise the available support schemes and investment opportunities.

English

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