Investment Opportunities Financial Services

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Investment OpportunitiesFinancial Services
Emerging SectorsNovember 2006
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Agenda

• Introducing Mauritius
• New Business Environment
• Investment Opportunities
• Financial Services Sector
• Legal Aspects of Financial Services
• QA

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Agenda

• Introducing Mauritius
• New Business Environment
• Investment Opportunities
• Financial Services Sector
• Legal Aspects of Financial Services
• QA

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Location
Mauritius is strategically located in the Indian
Ocean, a geo-cultural gateway between Asia
Africa.
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Location
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Investors Perspective
Mauritius combines a strong business environment
with a unique quality of life

• We have chosen Mauritius because of its ability
  to offer high quality services and because of its
  language capabilities
• European Insurance Company
• Factors like the ease of doing business and the
  enabling legal framework have also largely
  contributed to our decision to further extend our
  activities.
• Property Development Investor
• The core reason is the workforce - skilled,
  talented, trainable, hardworking, multilingual,
  and with a customer service mentality
• International Service Company
• The advantages of Mauritius are the availability
  of a large motivated labor force, including well
  trained managerial staff. Mauritius also has a
  very good infrastructure and effective support
  services for industry and a very efficient port.
  
• Export-driven Manufacturing Company
• It is hard to imagine anything more perfect than
  investment in paradise name Mauritius.
• International Promoter

• Investors Top 5 for Mauritius
• Political socio-economic stability
• Ease of doing business
• Quality of life cultural compatibility
• Competencies skills of a bilingual
  (English/French) workforce
• Reliable modern infrastructure
• Additional factors
• Low business costs
• Harmonious Industrial Relations
• Market Access
• Mature Financial Services Sector
• Supportive Government policies

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Overview of Economy
Overview of Economy
Doubling of GDP per capita to 5K over 15 year
(1990 to 2005) based on growth through sector
incentives

• GDP growth of 5 over the last 5 years fuelled by
  4 pillar industries
• Contribution of Existing Growth Pillars to GDP
• Financial Services 550m (10)
• Tourism 375m (8)
• EPZ products 400m (7)
• Sugarcane industry 225m (4 of GDP)
• CSO Quarterly GDP by industry group - 2005
  Exchange 1 Rs33 (median price)

GDP PER CAPITA (US)
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Overview of Economy
Doubling of GDP per capita to 10K projected in
10 years (2005 to 2015) fuelled by emerging
sectors and supported by a new business
environment
10,000

• Emerging sectors
• Financial Services,
• Information and Communications
• Textile, Clothing Fashion,
• Hospitality Leisure,
• Property Development Integrated Resort Schemes
• Land Based Oceanic Industry, among others
• New Business Environment
• We Make It Happen In 3 Days
• Start up of typical service company in rented
  premises
• Permit to work live in Mauritius for investors
  professionals
• Authorization to acquire property for business
  purposes
• Permit for foreign retirees processed

GDP PER CAPITA (US)
2015
Forecast
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Agenda

• Introducing Mauritius
• New Business Environment
• Investment Opportunities
• Financial Services Sector
• Legal Aspects of Financial Services
• QA

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Mauritius Ease to Do Business
Register at the Registrar of companies Register
with BOI (for facilitation)
Low Tax Regime Provide a competitive investment
platform
15 homogenized tax rate by year of assessment
starting July 2010
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Competitive Taxation Platform

• Mauritius is homogenizing its tax platform to a
  low 15 corporate personal tax by 2010. In
  addition, the regime has
• no tax on dividends
• no capital gains tax
• no estate duty

(15 25)
Mauritius Corporate Tax Rate ()
(15 by 2010)
2006
2010
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Agenda

• Introducing Mauritius
• New Business Environment
• Investment Opportunities
• Financial Services Sector
• Legal Aspects of Financial Services
• QA

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Other Investment Opportunities

• Opportunities in emerging clusters
• Information and Communications
• Textile, Clothing Fashion
• Hospitality Leisure Industry
• Property Development Integrated Resort Schemes
• Land Based Oceanic Industry

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ITES/BPO industry
Global and Safe platform for Outsourcing
Activities, Quality Bilingual Workforce, State of
the Art Infrastructure and Comprehensive Legal
Framework

• 38 annual growth in the BPO/ITES Industry
• 150 ICT players
• 5,500 job creation
• Expertise Customer Service, Financial BPO and
  Shared Services, Software Development, Disaster
  Recovery and Multimedia
• Split deals for Disaster Recovery and Business
  Continuity Planning
• Bilingual workforce (English/French) to service
  French-speaking deals
• Software development skills and methodology
• Target Markets U.S.A, France, U.K, India

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Textile Clothing Fashion

• Cotton spinning and weaving
• Knitting
• Dyeing and value-added finishing
• Design and fashion institutes
• Fashion jewellery
• Manufacture of swimwear, footwear, belts,
  handbags
• Diamond Cutting and Polishing 13 Companies
• Exports of USD 1 Billion of Textile and apparel
• Exports of 100 Million T Shirts
• 12 Million Pullovers
• 20 Million trousers
• 18 Million Woven Shirts

TIANLI SPINNING
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Hospitality Property Development

• Some 800,000 tourists visited Mauritius in 2005
• Projected 2m tourists by 2010
• Opportunities
• Development of Hotels, Beach resorts, Business
  and Up-market Boutique Hotels
• Leisure Activities Water based attraction,
  Casinos, Eco Tourism, Entertainment Parks
• Real Estate Development IRS Shopping Malls
• Meetings, Incentives, Conferences and Exhibitions
  
• Key players
• OneOnly
• Four Seasons
• Accor
• Taj Hotels
• Club Med
• Oberoi
• Hilton

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Property Development Integrated Resort Schemes

• Luxury residential units of international
  standing
• High-class leisure and recreational facilities
• golf,
• marina,
• individual swimming pool,
• catering, nautical / sport facilities and health
  centre
• Current IRS under implementation
• Tamarina Golf Estate (Medine SE) Anahita IRS
  Société de La Reserve Les Salines IRS Co. Ltd
  Société du Morne Brabant Les Villas Telfair
  SOREP-Accor Corniche Bay River Club Co. Ltd

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Land-Based Oceanic Industry

• Extracting Value from the Deep-Sea Current
• Scientifically proved characteristics
• Five Century-Old Water
• Low-Temperature Stability
• Inorganic Nutrient Richness
• Purity of Water
• Wide range of business activities from this
  exceptional water
• Site of 300ha has already been identified with
  earmarked areas for the different industries

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Agenda

• Introducing Mauritius
• New Business Environment
• Investment Opportunities
• Financial Services Sector
• Legal Aspects of Financial Services
• QA

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Financial Services Industry
Presentation by Milan Meetarbhan
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• The Governmental Agency responsible for
  investment promotion and facilitation in
  Mauritius
• Services offered include
• Counselling on investing in Mauritius
• Providing information on current business
  conditions
• Organisation of meetings and visits
• Identification of joint venture partners

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Agenda

• Introducing Mauritius
• New Business Environment
• Investment Opportunities
• Financial Services Sector
• Legal Aspects of Financial Services
• QA

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Q A