Over the years, Mauritius has developed a well-earned reputation for its stability and adherence to the highest level of transparency and best international practices. Having positioned itself as the International Finance Centre (IFC) of choice for the region, Mauritius requires companies wishing to use the jurisdiction as a platform for international business and investment, namely Global Business companies, to have substance in Mauritius. One of the ways of implementing substance is through employment and the island is in the fortunate position of having a highly literate and bilingual workforce that foreigners can leverage and rely on.
Moreover, in an attempt to revive its economy bludgeoned by the Covid-19 pandemic crisis, the government is further encouraging foreign professionals and investors to relocate and run their businesses in and/or from Mauritius. To that effect, several changes were made to the local immigration laws and framework through the enactment of the Finance (Miscellaneous Provisions) Act 2020 in August 2020.
The cost of employment is therefore an important consideration for anyone wishing to use the Mauritius IFC or even considering to set up a business on the island. Our newsletter delves into the various changes made recently to the employment landscape and their accompanying cost.
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