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

• Merger of

BOI, FSPA, MAF & EM to create EDB

2017

Per capita income:

$10,400

WHY MAURITIUS?

• 1. Conducive Business Environment
• 2. Robust Infrastructural Landscape
• 3. Competitive Sectoral Advantages

CONDUCIVE BUSINESS ENVIRONMENT

Africa Growth & Opportunity Act (AGOA)

Economic Partnership Agreement (EPA)

FTA

Turkey Pakista n European Union

Indian Ocean Commission (IOC)

Indian Ocean Islands

COMESA SADC

U.S

PTA

Preferential market access to more than 26% of world population

CECPA

India

(in discussion)

FTA

China

(in discussion)

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)

Airlines

18

Passengers (2015)

> 3 million

24/7 Airport Operations

20,000

Private Jets

540

Air Cargo (Average Monthly)

4,000 Tons

MODERN INFRASTRUCTURE: SSR INTERNATIONAL AIRPORT

Annual Flights

PORT INFRASTRUCTURE

www.yourwebsite.com

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

Freeport rt

Mauri uritius, tius, a p proven ven IF IFC of ch f choice ce

Euro rope

38.77% Europe rope 13.17% 7%

Asia (Excl.

• l. India & China)

15.92% 2% Asia (Excl.

• l. India & China)

16.65% 5%

India 9.28 28% India 49.9% Africa 7.75 75% Africa 9.94 94% Americ rica 21.78% 8% Americ rica 4.01 01% 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 China 4.85 85% China 5.51 51%

MA MAURITIUS RITIUS IF IFC AT A AT A GL GLAN ANCE CE

Number of active Global Investment Funds: 982 982 Asset Under Management (AUM): > USD 85 billion Number of Domestic & International Banks: 22 22

10367 10510 9660 9825 10306 10756 11086 11539 2010 2011 2012 2013 2014 2015 2016 AS AT END DEC 2017

Number of Global Business Companies (Category 1)

MAURIITIUS

SYDNEY MELBOURNE PERTH SINGAPORE MALAYSIA MALAYSIA CHENNAI BANGALORE MUMBAI DELHI DUBAI CAPE TOWN DURBAN JOHANNESBURG MAPUTO PANZANIA NAIROBI

GE GEOG OGRAPHICAL RAPHICAL LEV EVERA ERAGE GE

Within 7 hours’ flight to Main Cities

MAUR URITIU ITIUS IFC

NE NEW SE SEGME GMENTS NTS

Headqu dquartering artering & Tr Treasury ury Mana nagement gement

• 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

Glob

• bal

al Headquarte uarters rs Admini inistratio stration n 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

Glob

• bal

al Treasu asury ry Acti tivit vitie ies s Licence nce

Headqu dquartering artering & Tr Treasury ury Mana nagement gement

In Investmen stment t Ba Bank nking ng Wealth lth & As Asset et Mana nagement gement

• New license for investment banks in Mauritius, regulated by the non-

banking financial services regulator

• Engage in mergers and acquisitions, listings, IPOs, cross-border investment

structuring and financial advisory services

• 5-year tax holidays

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

Inv nvestme estment nt Banki nking g Licen ence ce Asset set & Fund nd Manag agers ers

• 5-year tax holidays for professional fund and asset managers
• Activities include investment advisory, investment management and asset

management services

• Professionals would have to manage assets worth more than USD 100

million

Ov Overseas rseas Family y Of Offi fices ces

• 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

Overseas erseas Famil ily y Offic fice e Licenc nce

IN INTE TERNATION RNATIONAL AL LEG EGAL AL MAN ANAGE AGEMENT MENT

GLOBAL LEGAL ADVISORY SERVICES LICENCE

Globa bal Legal Ad Advisory

• ry 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 period of 10 years Access to vast network of DTAAs and IPPAs Competitive Capital Requirement: MUR 3 million (approx. USD 85,900) Solvency Requirements: At least 100% of the minimum capital requirement, at all times Free movement of capital and repatriation

• f profits

Member of international best practices, including the International Association of Insurance Supervisors Guidelines

MINDEX DEX - The Mauritiu ius Internat atio iona nal l Deriva vatives tives & Commodi ditie ties s Exchange hange

• 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

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

ENHANCING ANCING THE MAU AURITIUS IUS VA VALUE PROPOSITION OSITION FOR AF AFRICA CA

Marke ket Cap as at 31 Jan 2018: : USD 12.9 Bn Marke ket Cap/GDP DP Ratio:>100

• :>100%

51 companies listed

Market Cap of US$ 11.2 billion

43 companies listed

Market Cap of US$1.7 billion

MAURITIUS AFRICA STRATEGY

21

DTAAs signed with African countries

23

IPPAs signed with African countries Private Equity Flow in Africa (2017)

USD 29 Bn MUR 1.7 Bn

Outward Direct Investment (Sep 2017)

Embassies in Africa Permanent Joint Commissions Special Economic Zones

Economic Development Board

Overseas Offices

Market Cap as at 31 Jan 2018: USD 12.9 Bn Market Cap/GDP Ratio:>100%

51 companies listed

Market Cap of US$ 11.2 billion

43 companies listed

Market Cap of US$1.7 billion

Economic Development Board Thank You

10th Floor, One Cathedral Square Building 16 Jules Koenig St Port Louis, Republic of Mauritius