Mauritius Freeport: 1st freezone in Africa
For the second year in a row, the Mauritius Freeport has been recognised as the best free zone in Africa and the Indian Ocean region at the Global Free Zone of the Year Award 2022.
In addition, Mauritius received the following recognitions:
- Highly commended for small and medium-sized enterprises (SMEs) in Africa;
- Highly commended for large tenants in Africa; and
- Honourable mention for tenants’ work in fighting COVID-19, leadership, digitization of services and logistics adjustment.
It was highlighted that Mauritius had fared quite well during the Covid-19 period when it witnessed an influx of new investors, with new investment for the year 2022-2023 projected to be around USD50 million and it also welcomed major tenants such as Decathlon during that same period.
Over the years, the government of Mauritius has strived to implement a conducive framework for the freeport and has introduced many incentives such as:
- 8-year tax holiday on the income derived by a company issued with a certificate as a freeport operator or private freeport developer on or after 1 July 2022, having invested a minimum of MUR 50 million in its operations and complying with the relevant substance requirements
- Conclusion of preferential market accesses via the various trade agreements that Mauritius has signed with regional blocs (such as SADC, COMESA, AfCFTA) and with powerhouses such as India and China
If you require more information about the Mauritius Freeport, please reach out to us on email@example.com
To read more about the Global Free Zone of the Year Award 2022, please click here