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p Home p About us p Mission Statement p Group Structure p Our Services p Our Products p Mauritius p Contact us |
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p Our Products |
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7. Freeport The Mauritius Freeport provides an extensive package of incentives, namely:
· No foreign exchange controls and free repatriation of profits · Distributions in terms of dividends are exempt · Freeport companies are exempt from income tax · Income of expatriate staff is subject to half the personal income tax rates (for the first 4 years) · Goods imported into Freeport zones are exempt form customs duties and import levies · Goods for re-export are subject to reduced warehousing and port handling charges · 100% foreign ownership permitted · Authorisation to sell their products on the local market to Mauritian residents, subject to the necessary approval
The advantage of Mauritius as a Freeport is that it is strategically located to the Asian, Middle Eastern and African markets and has a favourable direct tax regime and double tax avoidance agreements with various countries. Mauritius is a member of Southern African Development Community (SADC), the Indian Ocean Rim Association for Regional Co-operation (IOR ARC) and the Common Market for Eastern and Southern Africa (COMESA). It has an excellent airport network and shipping connections.
7.1 Approved Freeport Activities
The Freeport Act 1992, as amended by subsequent Government Regulations, permits a number of approved activities in the Freeport zone, including the following:
· Minor processing and simple assembly · Labeling, packing, breaking bulk and repacking · Sorting, grading, cleaning and mixing · Express courier and Mail order services · Export-oriented airport and port based services · Quality control services
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