The country boasts of a democratic polity and political stability that contributes significantly to the continuation of economic policies. Besides an educated and bilingual workforce, a highly skilled pool of professionals and world-class infrastructure make it a preferred destination for Indian businesses. While doing business is easy in Mauritius, it is also highly competitive, which experts caution against undermining. “Local entrepreneurs, including a minority of people of French origin, a sprinkling of Chinese, and Gujarati Muslims who arrived on the island over a period of time, have successfully exploited commercial and economic opportunities as they arose. They dominate the tourism, textile, real estate and the financial services sectors,” says Sharma.
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Starting your own business
This is one of the strongest points that favors Mauritius’ position as an investor-friendly country—the fact that it only takes three days to set up a company and you don’t even need a Mauritian partner to start a business. This will cost you around Rs 4,000 to 5,000, says Rajiv Servansingh, regional director of the Mauritius Board of Investments in India. The cost of real estate is lower than that in Mumbai, he adds. The cost of running a business in the country is also competitive compared to that in India.
| DARE/doing business | ||||
| Ease of | 2009 Rank | 2008 Rank | Change in Rank | India |
| Doing business | 24 | 29 | 5 | 122 |
| Starting a business | 7 | 8 | 1 | 121 |
| Dealing in construction permits | 36 | 37 | 1 | 136 |
| Employing workers | 64 | 64 | 0 | 89 |
| Registering property | 127 | 157 | 30 | 105 |
| Getting credit | 84 | 102 | 18 | 28 |
| Protecting investors | 11 | 11 | 0 | 38 |
| Paying taxes | 11 | 12 | 1 | 169 |
| Trading across borders | 20 | 16 | -4 | 90 |
| Enforcing contracts | 76 | 73 | -3 | 180 |
| Closing a business | 70 | 69 | -1 | 140 |
| Source: World Bank Doing Business 2009 Report | ||||
This is probably the reason that Sinhgi Advisors has “ambitious plans” for itself and its clients to deepen their investments in Mauritius. Besides healthcare, IT-ITeS and the financial sectors, the education sector is also seeing brisk activity. Sri Ramachandra Medical Center is on its way to start a medical college in Mauritius, while the Mumbai-based D.Y. Patil University is also doing the same.
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