Mauritius: An international centre of excellence for investment
By Norman Noland
Norman Noland
Numerous achievements and accolades punctuate our journey. Beyond our longevity and sustainability, becoming the first foreign company to list on the Stock Exchange of Mauritius Ltd (SEM), and the first SEM-listed company to inwardly list on ZARx, South Africa’s first alternative stock exchange, stand out as key highlights in the company’s history.
After reflecting on the company’s growth over the past two decades, I unequivocally believe that the ease of doing business in Mauritius has been the major contributing factor to our success.
A burgeoning, diversified economy
[ PARTNER CONTENT] An interesting survey showed that while the rest of the world has identified Covid-19 as the biggest problem facing them in their respective countries since April 2020, in the last couple of months, South Africans have instead opted to identify rising unemployment, corruption and crime and violence, as top three concerns instead, with Covid-19 placing fifth on the list after poverty and social inequality.
This is telling and
truly indicative of the general feeling of worry that South Africans have about
the state of the economy amid a global pandemic that continues to claim
hundreds of thousands of lives, monthly.
How to obtain residency and do business in Mauritius Jaco van Zyl
An aerial shot taken in April 2020 shows people waiting while adhering to social distancing in a parking lot before entering a supermarket in Grand Baie, Mauritius; the country has declared wary victory over the coronavirus. L Express Maurice/AFP/File/- Recent legislative changes have made it easier for foreigners to live and work in the country.
Mauritius has long been valued as a jurisdiction with an efficient and effective regulatory framework and a diversified economy focused on the industrial, financial, and tourism sectors. Annual growth has averaged 5-6% over the past 10 years. The country is ranked first in Africa and 13th worldwide on the World Bank Ease of Doing Business Report 2020 (up from 20th in 2019).
Recently, the Government extended suspension of insolvency proceedings till 31st March, 2021. On 24th September, 2020, Rajya Sabha passed The Insolvency and Bankruptcy Code (Second Amendment) Bill, .
Pakistan improves position on WB Ease of Doing Business Index
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Pakistan has improved its position by 28 points
ISLAMABAD (Web Desk) - Pakistan has improved its position on World Bank Ease of Doing Business Index for the second consecutive year.
This has been stated in the annual report issued by Security and Exchange Commission of Pakistan in Islamabad.
As per World Bank’s latest rankings on ease of doing business for the last year, Pakistan has improved its position by 28 points from 136 to 108.
Out of six reform areas acknowledged in 2020 report, the highest improvement of 58 points has been made in Starting a Business indicator where SECP is leading the reform process.