Mauritius

The ISO code of Mauritius is MU according to the ISO 3166 standard. The local name of the country is the same as its English name. Mauritius capital city is Port Louis. People in Mauritius speak the English, and FrenchMauritian Creole, and French languages. On 12 March 1968, Mauritius emerged as a sovereign political entity. In the year 03/12/1968, Mauritius emerged as a sovereign political entity. The largest city in Mauritius is Port Louis.

Mauritius is located in the UTC +04:00 time zone, which is also called Mauritius Time or MUT. The internet country code top-level domain (ccTLD) for Mauritius is .mu. The International dialing code for Mauritius is 230. People in Mauritius drive on the left side of the road. Total land area of Mauritius is 2,040 km² (approx. 788 mi²). Mauritius is not a landlocked country. It means that is is bordered by at least one major body of water.

Mauritius is located in Africa. Mauritius is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Mauritius faces various issues, including water pollution, degradation of coral reefs.

Doing business in Mauritius

We offer various corporate services in Mauritius jurisdiction. These services can serve both, people coming from Mauritius and foreigners. If you plan on doing business in Mauritius you might be interested in contacting us.

To find out about starting your business in Mauritius click on company formation in Mauritius.

To find out how to open a bank account in Mauritius and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Mauritius.

Choose preferred service below or continue reading to find out more about Mauritius.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Mauritius

The total population of Mauritius is 1,268,315 people. In Mauritius, the population density is 618 people per square kilometer (1,608 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is diverse according to a fractionalization scale which for Mauritius is 0.4634. Mauritius has approximately 44997 foreign immigrants. The median age is approximately 33.9 years. In Mauritius, 41.39 in every 100 people use internet. Mauritius has a Human Development Index (HDI) of 0.771.

The majority religion of Mauritius is Hinduism, Mauritius is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Mauritius.

Culture of Mauritius

People in Mauritius speak the English, and FrenchMauritian Creole, and French languages. According to data on inbound tourists in Mauritius, 993,000 tourists arrive in the country each year. The first McDonalds in Mauritius was opened on 4 July 2001, and it was located in Port Louis. One of the most popular national dishes of Mauritius is crunchy pickled vegetables. To read more click on culture of Mauritius.

Geography of Mauritius

Mauritius is considered to be a large nation because of its total area. Its total land area is 2,040 km² (approx. 788 mi²). Mauritius is located in Africa. Its capital city is Port Louis. Mauritius has no land borders.

The highest point of Mauritius is Piton de la Petite Rivière Noire, with its official height being 828 m (2,717 ft). Including land mass and EEZ, the total area of Mauritius is approximately 1,287,037 km² (~496,925 mi²). The most notable natural resources found in Mauritius are arable land, fish.To read more click on geography of Mauritius.

Economy of Mauritius

The currency of the country is Mauritian rupee. The symbol used for this currency is ₨, and it is abbreviated as MUR. 7.2% of population in the country are unemployed. The total number of unemployed people in Mauritius is 91,319. Each year, Mauritius exports around $2.79 billion and imports roughly $4.95 billion. The Gini Index of the country is 35.9. Mauritius has a Human Development Index (HDI) of 0.771.The Global Peace Index (GPI) for Mauritius is 1.503. Mauritius has a government debt of 12.9% of the country's Gross Domestic Product (GDP), as assessed in 2012. Mauritius is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mauritius is $23,528 billion. Each year, consumers spend around $6,428 million. The ratio of consumer spending to GDP in Mauritius is 0%, and the ratio of consumer spending to the world consumer market is 0.0185. The corporate tax in Mauritius is set at 15%. VAT in Mauritius is 15%. In 2013, Mauritius received 177.8 million USD in foreign aid.In 2014, the foreign aid amounted to 185.3 USD.To read more click on economy of Mauritius.

Infrastructure of Mauritius

Infrastructure quality in Mauritius is rated to be at 2.5. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

In Mauritius, 100% of the population has access to electricity. There are 51,139 internet hosts in Mauritius. Mauritius has 5 airports nationwide.

The logistics performance index of Mauritius is 2.51. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 2.34. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.

The number of road motor vehicles per 1000 inhabitants in Mauritius is 155. To read more click on infrastructure of Mauritius.

Politics of Mauritius

Mauritius, is a parliamentary republic. With regard to political and civil freedoms, Mauritius is 1. Citizens in Mauritius experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Barlen Vyapoory.

According to the World Bank Group, the government effectiveness index of Mauritius is 1.13. This indicates that the government of Mauritius is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Mauritius, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Mauritius is 1.503. The strength of legal rights index for Mauritius is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Mauritius received 177.8 million USD in foreign aid. In 2014, the foreign aid amounted to 185.3 USD. Mauritius is a member of the African Union (AU). On 1 August 1968, it joined the AU as a full member state. Mauritius is a member of the World Bank. To read more click on politics of Mauritius.

Environment of Mauritius

Mauritius emits 3.1 metric tons per capita of CO₂. 612 km² of Mauritius's territory is covered in forests. and forest land comprises 30% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Mauritius is 155. To read more click on environment of Mauritius.

Company formation in Mauritius

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Mauritius.

When establishing a company in Mauritius, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Mauritius that will affect the establishment and growth of one's business. Contact us or click on company formation in Mauritius to read additional information when setting up a business.

Bank account opening in Mauritius

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Mauritius. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Mauritius, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Mauritius or contact us.