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News

Consolidating bilateral ties with the People's Republic of China

Honourable Pravind Jugnauth holds a bilateral meeting with a high-level Chinese delegation this morning at the Government House.

To further boost economic cooperation with the People's Republic of China, Honourable Pravind Jugnauth, Minister of Finance & Economic Development met with Honourable Zhang Xiangchen, Deputy China International Trade Representative this morning during a bilateral meeting.

Mauritius: The most peaceful country in Sub-Saharan Africa and ranks 23rd in the world

The 10th edition of the Global Peace Index has been recently published by the Institute for Economics.  According to the report, the most peaceful countries in sub-Saharan Africa in 2016 include Mauritius which is ranked 1st in the region and 23rd globally followed by Botswana, Madagascar and Zambia which are ranked 28th , 38th and 40th globally. The continent's two economic giants, South Africa and Nigeria are ranked 126 and 149, respectively in the report.

Mauritius lauded for its successful economic development in an exclusive report published by The Healthcare & Lifesciences Review

The Healthcare & Lifesciences Review in partnership with the Board of Investment Mauritius has published a comprehensive report on the Mauritian Healthcare and Life Sciences Industry.

The report features exclusive interviews of Her Excellency Dr. Ameenah Gurib-Fakim, President of Mauritius, Mr. Ken Poonoosamy, Managing Director of the Board of Investment, Dr Arjoon Suddhoo, Executive Director of Mauritius Research Council,  Mr. Salim Ismail, Chairman & CEO, GROUPE SOCOTA and Heads of multinational and local companies, amongst others.

Japan to open Diplomatic Mission in Mauritius in a bid to boost cooperation and strengthen bilateral ties

Cabinet has agreed to the proposal of the Government of Japan to open a Diplomatic Mission in Mauritius. Japan is the world’s third largest economy and is an important development and trade partner for Mauritius. Japan and Mauritius established diplomatic relations in 1969.  The opening of the Mission would further consolidate the existing bilateral ties, and strengthen collaboration in regional and international fora.  It would also give a boost to Japanese investment and tourism in Mauritius.

New rules governing investment in Guest Houses and Hotel Residences

Guesthouse/Tourist Residence projects involving Non-Citizens

Following a communiqué issued by Ministry of Tourism & External Communications on 3rd May 2016, a non-citizen will not be allowed to invest in and manage a guesthouse/tourist residence.

A non-citizen will only be allowed to manage residential property under the following schemes:

  *   Integrated Resort Scheme (IRS)

  *   Real Estate Scheme (RES)

  *   Property Development Scheme (PDS)

and should satisfy the following criteria:

  1. An individual owner of a residential property under IRS/RES/PDS cannot rent except if the application is made by the IRS/RES/PDS Company or a Property Management Company designated by the IRS/RES/PDS Company.
  2. The minimum number of units should be six.
  3. The non-citizen must have a track record in management and show evidence of previous managerial positions held in similar establishments.
  4. Except for the Managing Director, all employees should be locals.