Business Reforms in Mauritius

DB2013:

Registering Property:

Mauritius made property transfers faster by implementing an electronic information management system at the Registrar-General’s Department.

Getting Credit:

Mauritius improved access to credit information by starting to collect payment information from retailers and beginning to distribute both positive and negative information.

DB2011:

Paying Taxes:

Mauritius introduced a new corporate social responsibility tax.

Enforcing Contracts:

Mauritius speeded up the resolution of commercial disputes by recruiting more judges and adding more courtrooms.

DB2010:

Registering Property:

Mauritius has made it easier to register property by setting a statutory time limit of 15 days to obtain the final property title from the Land Registry.

Getting Credit:

Mauritius has strengthened access to credit information by allowing the licensing of private credit information bureaus, and by expanding the coverage of the bureau to all credit facilities.

Trading Across Borders:

Mauritius introduced the electronic submission of the customs declaration and bill of lading without requirement of physical copies, thus speeding up trade process.

Enforcing Contracts:

Mauritius set up a specialized commercial division of its Supreme Court, thus improving contract enforcement.

Resolving Insolvency:

A new insolvency law in Mauritius introduces a rehabilitation procedure for companies as an alternative to winding up, and defines the rights and obligations of creditors and debtors and sanctions for those who abuse the system.

DB2009:

Starting a Business:

On-line reforms further simplified registration process and formalities were streamlined, reducing the number of procedures.

Registering Property:

Mauritius abolished two procedures, the requirement to obtain clearance certificate from the Waste Water Authority and to obtain a tax clearance certificate for municipal taxes.

Getting Credit:

The public credit registry in Mauritius eliminated the minimum loan requirement threshold to report credits in March 2007. The credit registry now captures information on all credits extended by the financial system.

DB2008:

Starting a Business:

Mauritius made starting a business faster by implementing a centralized database linking the company registry with tax, social security, and local authorities.

Dealing with Construction Permits:

Mauritius made obtaining construction permits easier by combining procedures of getting development permit and building permit, and it also set up an official time frame to process the permit application.

Registering Property:

Mauritius made registering property cheaper by reducing the property registration fee.

Paying Taxes:

Mauritius reduced the tax burden for companies by reducing CIT.

Trading Across Borders:

Mauritius eased trading across borders by implementing a new computerized risk management system for inspections.

Resolving Insolvency:

Mauritius adopted legislation that made the process of sale of immovable property after default on a credit agreement more efficient and less susceptible to abuse by creditors.