Mauritius has witnessed massive development in the last few decades. It moved from a monocrop economy, depending mainly on sugar production, to a service economy. The tertiary sector currently accounts for 70% of its GDP.
Mauritius is internationally recognised for its continuity of government, rule of law, political and social stability.
Mauritius plays on its business-friendly environment to attract foreign investors. A foreign investor can start operating in just 3 days. The tax regime is very advantageous; it is at the flat rate of 15% for both corporate and individual. Dividends are tax free.
Mauritius has an extensive tax treaty network: it has signed non-double taxation agreements with 39 countries, including India and is signatory to a number of Investment Promotion and Protection Agreements, namely with 36 countries.
Standard Bank Mauritius capitalises on the business-friendly environment of Mauritius and the extensive footprint and expert capacity of the Group, to offer first-class banking services to its targeted customers.