In a world where competition is raging in all sectors of activity, acquiring market share turns out to be a true journey of the fighter. Businesses must therefore develop new strategies to ensure their subsistence.
Outsourcing, a very effective way to increase profits, and increase its competitiveness in the market, is recognized as widespread in France with a rate of 82% of French companies outsourcing their services abroad. According to a survey carried out in 2011 by the Cegos observatory, one of the world leaders in continuing vocational training, 86.6% of service companies use outsourcing, compared with 76.7% for industry. As a result, the outsourcing of services abroad offers many advantages:
- Cost reduction.
- Boosting its competitiveness.
- Increase productivity and quality of services.
- Optimize performance.
- Increase maneuvering flexibility.
- Refocusing of activities and expertise.
But why choose Mauritius?
Mauritius has everything to attract investors, apart from its paradisiacal setting, Mauritius also stands out on the global platform. First in the ranking of “Doing Business” in Africa in 2016, the Mauritian democracy has established a stable political, financial and economic environment for companies wishing to settle there. Today, recognized as a model of economic competitiveness ideal for outsourcing, this small island combines perfectly business art and lifestyle. Indeed, Mauritius has one of the highest growth rates in sub-Saharan countries and in just three decades Mauritius has moved from a sugar-cane economy to a varied and sophisticated service economy.
Signatory to several multilateral treaties and conventions including: The International Court of Justice in The Hague, The Multilateral Investment Guarantee Agency, The International Center for the Settlement of Investment Disputes, The New York Convention of 1958, Mauritius offers an undeniable protection to foreign investors.
Moreover, it also relies on a free market and free-market economy and imposes no restrictions on the repatriation of profits, dividends and capital. Other attractive points of this small island of the Indian Ocean are that the “Occupation Permit” are granted to investors and professionals in only 3 days, the tax system and the tax rate are also very flexible compared to other countries.
Below are the main lines of the Mauritian tax system as follows:
- 15% tax on corporate profits
- 15% tax on personal income
- No tax on capital gains (CGT)
- No taxation on dividends
- No inheritance tax
- No restrictions on repatriation of profits, dividends and capital
- 80% tax credits on offshore companies - GBL1 (effective tax rate of 3%)
- Mauritius has also concluded treaties on non-double taxation with 33 countries.
In addition, with a literacy rate estimated at 89.8% according to a Board of Investment study in 2011, Mauritius offers you a skilled and motivated workforce at a lower cost compared to the Southern Nearshore countries as Morocco or Tunisia. The little time difference between Europe (2h00 to 3h00) also makes it possible to work without any particular time adjustment. Invest in a stable economy, secure in an idyllic environment, what could you ask for more?