2017 Merger of BOI, FSPA, MAF & EM to create EDB WHY - PowerPoint PPT Presentation

Per capita income: $10,400 2017 • Merger of BOI, FSPA, MAF & EM to create EDB

WHY MAURITIUS? 1. Conducive Business Environment 2. Robust Infrastructural Landscape 3. Competitive Sectoral Advantages

CONDUCIVE BUSINESS ENVIRONMENT

Preferential market access to more than 26% of world population European Union Economic U.S Partnership FTA Agreement (EPA) Africa Growth FTA (in discussion) CECPA & Opportunity PTA Act (AGOA) (in discussion) China Turkey COMESA India Pakista n Indian Ocean SADC Commission (IOC) Indian Ocean Islands

ROBUST INFRASTRUCTURAL LANDSCAPE

RELIABLE AND REDUNDANT ICT INFRASTRUCTURE  Deployment of island-wide Fibre to the Home by end 2017  350 FREE Wi-Fi hotspots  Forthcoming cables: • Third fiber optic cable • Reduction in cost of MPLS & IPVPN Premium by 15% • Amendment to Data Protection Act 1700 USD - MPLS (15% reductio uction) 900 USD - IPVPN VPN Premium mium (15% reductio uction)

MODERN INFRASTRUCTURE: SSR INTERNATIONAL AIRPORT 18 Airlines 540 Private Jets > 3 million 20,000 Passengers (2015) Annual Flights 4,000 Tons Air Cargo (Average Monthly) 24/7 Airport Operations

PORT INFRASTRUCTURE

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Competitive Sectoral Advantages

 More than 17 Indian companies currently operate in the Mauritius Freeport Zone.

Buyers IRS-1047 RES- 1225 PDS-51 Projects RES projects issued with RES Certificates: 77 IRS projects issued with IRS Certificates: 11 PDS projects issued with PDS Certificates: 9 PDS projects issued with Letter of approval: 33 Smart City projects issued with SCS Certificate: 6 Smart City projects issued with LOI: 2

Mauri uritius, tius, a p proven ven IF IFC of ch f choice ce Freeport rt Asia (Excl. l. India & China) 15.92% 2% Euro rope Asia (Excl. l. India & China) 38.77 % 16.65% 5% Europe rope 13.17% 7% China India Americ rica 4.85 85% 9.28 28% 21.78% 8% China Africa India 5.51 51% Americ rica 7.75 75% 49.9% 4.01 01% Africa 9.94 94% Direct ct Inward d Invest stment t of GBC1s 1s in Maurit ritius us Direct ct Outwar ward d Invest stment t of GBC1s C1s from Maurit ritius us

MA MAURITIUS RITIUS IF IFC AT A AT A GL GLAN ANCE CE Number of Global Business Companies (Category 1) 11539 Number of active Global Investment Funds: 982 982 11086 10756 Asset Under Management (AUM): 10510 10367 > USD 85 billion 10306 9825 Number of Domestic & International Banks: 22 22 9660 2010 2011 2012 2013 2014 2015 2016 AS AT END DEC 2017

GEOG GE OGRAPHICAL RAPHICAL LEV EVERA ERAGE GE Within 7 hours’ flight to Main Cities DUBAI DELHI MUMBAI BANGALORE CHENNAI MALAYSIA MALAYSIA NAIROBI SINGAPORE PANZANIA MAPUTO MAURIITIUS DURBAN JOHANNESBURG MAUR URITIU ITIUS IFC SYDNEY PERTH CAPE TOWN MELBOURNE

NE NEW SE SEGME GMENTS NTS

Headqu dquartering artering & Tr Treasury ury Mana nagement gement Glob obal al Headquarte uarters rs Admini inistratio stration n Licence nce  Holding company belonging to a well-established international group  Headquarter services to three or more foreign entities  8-year tax holidays Requir iremen ents ts  Physical office & primary bank account in Mauritius  Minimum expenditure of MUR 5 million  Minimum of 10 resident full-time professionals, with at least 3 at senior management level

Headqu dquartering artering & Tr Treasury ury Mana nagement gement Glob obal al Treasu asury ry Acti tivit vitie ies s Licence nce  5-year tax holidays  Activities include:  Arrangement for credit facilities and derivatives  Corporate finance advisory  Credit administration and control & Letters of credit  Factoring, forfeiting and re-invoicing activities  Fund management Require remen ments ts  Physical office & primary bank account in Mauritius  Minimum expenditure of MUR 2 million  Minimum of 4 resident full-time professionals, with at least 1 at senior management level

In Investmen stment t Ba Bank nking ng Wealth lth & As Asset et Mana nagement gement Asset set & Fund nd Manag agers ers Inv nvestme estment nt Banki nking g Licen ence ce  New license for investment banks in Mauritius, regulated by the non-  5-year tax holidays for professional fund and asset managers banking financial services regulator  Activities include investment advisory, investment management and asset  Engage in mergers and acquisitions, listings, IPOs, cross-border investment management services  Professionals would have to manage assets worth more than USD 100 structuring and financial advisory services  5-year tax holidays million Requir iremen ents ts  Physical office & primary bank account in Mauritius  Minimum stated capital: USD 1.4 million  Minimum expenditure of MUR 5 million  At least 5 professionals

Ov Overseas rseas Family y Of Offi fices ces Overseas erseas Famil ily y Offic fice e Licenc nce  Domiciliation of a minimum of USD 5 million  Physical family office in Mauritius  5-year tax holidays  Residency Scheme Requir iremen ents ts  Physical office in Mauritius  Minimum assets under management: USD 5 million per family  2 full-time officers, with at least 1 professional

IN INTE TERNATION RNATIONAL AL LEG EGAL AL MAN ANAGE AGEMENT MENT GLOBAL LEGAL ADVISORY SERVICES LICENCE Globa bal Legal Ad Advisory ory Service ces Licence nce • Mauritius is opening up to flagship international law firms • Eligibility to advise on:  international and domestic laws  alternative dispute resolution  financial services and corporate laws • Tax holiday of 5 years Requir iremen ents ts  Physical office in Mauritius  5 resident lawyers, including 2 foreign lawyers qualified to practice in their home jurisdiction

MAURITIUS AS A CAPTIVE DOMICILE Exempt from corporate taxes for a Competitive Capital Requirement: MUR 3 Access to vast network of DTAAs and period of 10 years million (approx. USD 85,900) IPPAs Member of international best practices, Solvency Requirements: including the International Association of Free movement of capital and repatriation Insurance Supervisors Guidelines At least 100% of the minimum capital of profits requirement, at all times

ENHANCING ANCING THE MAU AURITIUS IUS VA VALUE PROPOSITION OSITION FOR AF AFRICA CA MINDEX DEX - The Mauritiu ius Internat atio iona nal l Deriva vatives tives & Commodi ditie ties s Exchange hange Derivati tives ves exchange ge platform rm to hedge African currencies es First combined ed derivative ives s and spot trading platform rm of the region Trade in Gold, , Diamond and other precious coloured stones State e of the art Vault in Mauritius us • Locati ation n to be declare ared d as a freezo zone ne • Spil illov lover ers: s: • Jewelr elry Manuf ufac actur turing ng • Refineri ineries es • Poli lish shing ng Units

Marke ket Cap as at 31 Jan 2018: : USD 12.9 Bn Marke ket Cap/GDP DP Ratio:>100 o:>100% 51 companies listed 43 companies listed Market Cap of US$ 11.2 billion Market Cap of US$1.7 billion

MAURITIUS AFRICA STRATEGY MUR 1.7 Bn USD 29 Bn Private Equity Flow in Outward Direct Africa (2017) Investment (Sep 2017) 23 IPPAs signed with African countries 21 DTAAs signed with African countries Embassies in Africa Permanent Joint Commissions Special Economic Zones

Economic Development Board Overseas Offices

Thank You Economic Development Board Market Cap as at 31 Jan 2018: USD 12.9 Bn 10th Floor, Market Cap/GDP Ratio:>100% One Cathedral Square Building 16 Jules Koenig St Port Louis, Republic of Mauritius 51 companies listed 43 companies listed Market Cap of US$ 11.2 Market Cap of US$1.7 billion billion