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AfricaMay 2 2017

Mauritius sets out stall to become go-to southern IFC

Despite its major business partner India renegotiating a tax agreement, and mutterings of tax haven status, Mauritius has thrived as a regional financial centre. Now it is positioning itself as the southern hemisphere’s IFC of preference. James King reports.
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In the realm of international financial centres (IFCs), Mauritius’s star is rising. Strategically located in the Indian Ocean – well positioned to capture business flows between Asia and Africa – the island nation’s attractive mix of business-friendly regulations and stable political environment mark it out as something of an anomaly in the region.

Today, it has harnessed these advantages to develop a constellation of high-end industries including finance, management and law. The authorities tasked with spearheading the country’s IFC ambitions are now looking to the next stage of its development, with designs to be a truly global hub.

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