Destination: Mauritius

or The art of living in the tropics

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Mauritius in a few words

Population: 1 300 000 inhabitants

Languages: English,French,Creole

Capital: Port-Louis

Climate: tropical

Area: 1,865 km2

Currency: Mauritian rupee

Employment rate: 92%

Growth rate: around 4%

Literacy rate: 89.9% (2011)

GDP per inhabitant: 18 600 USD (upper middle income country)

Diversified economy: 73.2% services,22.4% industry, 4.5% agriculture

  • Mauritius in a few words
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About Mauritius

Named after the Dutch prince Maurice van Nassau, Mauritius has an area of 1,865 k m2 and measures at its largest points 65 km long and 45 km wide. Its population is a little over 1.3 million and its capital Port Louis. A republic since 1992, Mauritius is the most prosperous of the Indian Ocean islands and the countries of the African continent.One of its secrets is top- range tourism, respectful of the environment.

Known as the star and key of the Indian Ocean, Mauritius has achieved a remarkably successful economic performance, moving from the status of developing country to that of a newly industrialised country.It has brought about significant structural changes over the past thirty years in order to adapt to the conditions of a modern economy. Originally an agricultural economy relying solely on sugar cane cultivation, the country set out to diversify its economy by developing sectors such as textiles, tourism and financial services. As a result of the economic stability thus achieved, the island has become a hub for the African and Asian regions.

In 2010 Joseph Stiglitz, the Nobel laureate in Economics, highlighted the way the country faced up to the world financial crisis, describing it as a “Mauritian miracle”.

In 2017 the growth rate of the Mauritian economy was 4%. The unemployment rate is stable at 7.9%.The banking sector is particularly well developed with 21, of which 5 local banks, 10 foreign-owned subsidiaries, 1 is a joint venture, 4 are branches of foreign banks and 1 is licensed as a private bank. Two local banks, the Mauritius Commercial Bank and the State Bank of Mauritius, dominate the market but subsidiariesof the big international banks such as Barclays Bank, the HSBC, the Standard Chartered Bank and the Deutsche Bank are also present. Mauritius also has a stock exchange, the Stock Exchange of Mauritius (SEM).

To reshape its economy and prepare for the future, the Mauritian government intends to attract a maximum of foreign investment to the country. Advantages include:

  • A favourable tax regime
  • Thriving banking and offshore centres
  • An emerging country with advanced IT and telecommunication facilities
  • A minimal time-zone difference from the main European capitals
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Ideal climate and amazing landscapes

The island has a tropical climate with a mild and dry winter season from May to November and temperatures varying between 17°C and 25°C. Summer is warm and humid from November to May with temperatures between 27°C and 33°C.

It is a great place to live all year round!

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A stable political system and a flourishing economy

With a stable political system, an economy with positive growth for over 25 years and a strategic geographical position at the heart of the Indian Ocean, Mauritius has become a privileged destination for foreign investors, but also, since the implementation of schemes such as the IRS and Smart City, a favorite place for well-to-do foreign owners seeking an exclusive lifestyle.

Mauritius takes pride in being one of the rare multicultural countries with an exemplary climate of social harmony.

Independent since 1968, the country respects freedom of expression and religion, among others, and remains a safe destination. It is also the most prosperous country of the Indian Ocean and among the most flourishing in Africa. Its institutions are modelled on the British (Westminster) parliamentary system with a government elected every five years and headed by a prime minister.

Since independence the country has opted for a liberal economy favouring free enterprise and foreign investment. In recent years it has fine-tuned its legislative framework so as to boost economic development within the country but also to open it up to the rest of the world.

With a growth rate of nearly 4%, Mauritius offers plenty of opportunities.

An anti-money laundering law has been put in place to favour economic development while at the same time guaranteeing observance of the rules of transparency, good governance and ethical standards.

The legal framework concerning economic development is a combination of British law and the French Code Napoléon.

More information on http://www.govmu.org/

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A choice destination for financial exchanges

Mauritius has become a choice destination for financial exchanges and international commerce. Voted once again this year the first African country in the “Ibrahim Index of African Governance”, this democratic state has also retained its first place in “Doing business 2017” as a  facilitator of enterprise, and is 49th in the world ranking. Mauritius has always had close relations with Europe and is becoming a gateway towards India, Africa and Asia.

  • Mo Ibrahim Index of African Governance 2015 : 1st  in Africa
  • Forbes survey of Best Countries for Business 2015: 1st in Africa (37th/144 countries)
  • Global Competitiveness Index 2015-2016:1stin Africa (46th/140 countries)
  • Global Information Technology Report 2015: 1stin Africa (45th/143 countries)
  • Social Progress Index 2015: 1st in Africa (36th/133 countries)
  • Index of Economic Freedom (Heritage Foundation) 2016: 1st in Africa (15th/178 countries)
  • World Bank Doing Business: 1st in Africa (32nd/189 countries)
  • Democracy Index 2015 – Economist Intelligence Unit: 1st in Africa (18th/167 democratic countries)
  • Economic Freedom of the World 2016 (Fraser Institute): 1st in Africa (15th/170 countries)

More information on fiscal advantages

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Cultural and Religious Diversity

Mauritian society,diverse, original and dynamic, sees itself as a harmonious blend of tradition and modernity.

The literacy rate of over 90% is the highest in Africa. English and French are the official languages and Creole is widely spoken. Many hotel employees are fluent in German, Italian and Spanish.

The originality and charm of Mauritius derive from its diversity and cultural richness. People of European, African, Indian, Chinese and mixed origins live in harmony and practice Islam, Hinduism, Buddhism and Christianity.

French, English and international schools, a multi-lingual press, and international satellite channels are everyday things in this cosmopolitan society open to the world and its influences.

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Modern and reliable infrastructures

Mauritius possesses good infrastructures and modern information and telecommunication facilities. Thanks to loans from the big funders such as the World Bank, the African Development Bank, the International Monetary Fund (IMF) or the Agence Française de Développement (AFD), the country is continuing to develop its infrastructures.

  • A modern and well-developed internal and international communications network
  • A well-maintained road network covering most of the country
  • A modern port - a hub for the region - able to accommodate boats of over 100 metres
  • Air and sea links with numerous capitals, towns and countries
  • High frequency cable connection, fixed and 3G mobile telephone network. Modern digital infrastructure with the latest technologies
  • International airport voted best airport in Africa according to the ranking of the Conseil International des Aéroports, and best airport of the Indian Ocean according to Skytrax

Air Mauritius, British Airways, Emirates, Air France, South African Airways and various other airline companies provide regular connections with the world’s great destinations such as Paris, London, Dubai, Johannesburg, Cape Town, Perth, Sydney.

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The main places of interest in Mauritius

  • North North

    Discover the north
    • the-chateau-de-labourdonais

    The Château de Labourdonnais

    In Mapou, at the heart of a fertile orchard, stands the Château de Labourdonnais. Visit its famous restaurant, La Table du Château, as well as the Rhumerie des Mascareignes. Magnificent endemic plants and a wide variety of exotic trees grow in its beautiful tropical gardens.

    L’Aventure du Sucre

    The “sugar museum”, set up in an old factory, tells the story of sugar cane, demonstrating how the sugar is extracted and showing the part it has played in Mauritian history in an interactive way. Those with a sweet tooth can also taste 12 succulent varieties of sugar.

    • The pamplemousses botanical garden

    The Pamplemousses Botanical Garden

    The oldest botanical garden in the southern hemisphere is found in Pamplemousses, a village a few kilometers from Port Louis. It was created in the 18th century by Pierre Poivre. There rare botanical treasures such as the famous giant water lilies, natives of Amazonia can be found.

    • Mauritius islands

    The islands

    Off the north coast, six peaceful and protected islets, including Flat Island, Coin de Mire and Ile d’Ambre are not to be missed during trips out to sea. 

    • Grand Port and Mahébourg

    Grand Port and Mahébourg

    Known for the famous battle of Grand Port which opposed the French and the English in 1810 during the Napoleonic wars, Mahébourg is a little village full of charm and character. You can visit the naval museum, stop at the local market or enjoy a stroll along the waterfront.

    • La Route du The

    La Route du The

    The Tea Route goes back over the story of tea which was introduced here in 1765 and reveals the secrets of its production. The bonus is a stop for lunch at Domaine des Aubineaux, a superb period colonial house.

    • The Rhumerie de Chamarel

    The Rhumerie de Chamarel

    Perched at a height of 300m in a fertile valley, the Rhumerie de Chamarel produces one of the best agricultural rums of Mauritius. The guided visit, aesthetically presented, is a complete touristic experience with its detailed account of the distillation process and the production of agricultural rum.

    • seven colored earths

    The earth of seven colours- Chamarel

    The earth of seven colours, the result of a very rare geological phenomenon, is one of the most popular sites for visitors to Mauritius. Dunes of earth of very different colours  from red to purple, passing through shades of brown, violet, green, yellow and blue never mingle with each other, no matter what the climatic or meteorological conditions. When you visit, don’t forget to call at Le Chamarel restaurant. It has recently been renovated and has splendid panoramic views over the lagoon.

    • The lagoon of the west

    The lagoon of the west

    This lagoon is one of the finest in Mauritius, ideal for sea sports. Amateurs come from around the world to the big local clubs to try their luck fishing marlin (from November to April), shark or tuna. The Ile aux Bénitiers with its crystal-clear waters protected by the coral reef is a delight for swimmers and snorkelers. Every morning you can watch the dolphins cavort in complete freedom.

    • Le Morne

    Le Morne Brabant

    Le Morne Brabant Mountain, a UNESCO World Heritage site is 556 metres high and covers a surface area of 12 hectares. In the old days it was a place of refuge for slaves who had run away from their plantations in the 18th and 19th centuries.

    • The Black River Gorges

    The Black River Gorges

    One of the biggest nature reserves in Mauritius covering an area of 6754 hectares. Picnic areas, walking trails and spectacular views make it well worth a visit.

© 2018 Live in Mauritius, by Mauritius Sotheby’s International Realty. All rights reserved.