With its mix of French and English law, individual practitioners, and local and international law firms, Mauritius continues to be the major channel for investments into India
In early May, Mauritius signed a double taxation avoidance agreement with Kenya. This was the island nation’s 13th such agreement with an African country and an important milestone in its establishment as a gateway for investment into Africa.
But overshadowing reports about this significant development were questions about the well-being of a similar agreement – the Mauritius-India Double Taxation Avoidance Convention – entered into 30 years earlier. While the agreement with India had been preceded by those with Germany, France and the UK, it far outdid others in terms of the effect it had on the Mauritian economy.
Powerful change
“The changes in India brought opportunities to Mauritius,” the vice-prime minister of Mauritius, Charles Xavier Luc Duval, remarked recently, commenting on the unique place occupied by his country in the India growth story, which in turn has led to the creation of a robust financial services industry on the island.
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