Work in Mauritius.
A fast-growing economy that has succeeded even in the poorest global conditions is always good news for an expatriate job-seeker. Fortunately, Mauritius takes a favorable position in this respect. Our guide will acquaint you with the economy, taxation, the labor market and many others.
Review of the economy.
Mauritius has one of the most stable economies in the region, which has worked steadily in recent years, despite the global economic slowdown, is expected to grow from 3.3% to 3.5%. Local currency & # 8212; Mauritian Rupee (MUR). GDP in 2012 amounted to 19.3 billion US dollars, and GDP per capita is # 8212; 15 595 US dollars. House ownership is extremely high, about 87% of Mauritians are homeowners (for example, in the United States about 65%).
Just a few decades ago, sugarcane was the main industry of the country, but it has experienced some decline and currently accounts for 25% of total export revenue. It is estimated that 9% of the workforce is engaged in agriculture and fisheries. Textile Industry & # 8212; another important contribution to the local economy.
Given the natural beauty of the island, it is not surprising that tourism makes a significant contribution to the economy, but the government has recognized the importance of other sectors, and financial services have become a growth zone, mainly targeting markets such as India and parts of Africa. It is clear that Mauritius business needs further development and efforts are being made for this.
Adopting itself as an offshore tax haven allowed Mauritius to become a popular base for foreign enterprises. In recent years, thousands of companies have decided to take advantage of favorable tax benefits in combination with a powerful business infrastructure and a reliable legal system. In the World Bank’s Doing Business 2015 report, Mauritius recently took the 28th place in the world. Private investment in real estate & # 8212; This is another area of growth, where citizens from abroad are given incentives to buy housing on the island.
Job search in Mauritius.
Mauritius has many opportunities for emigrants in many areas, including banking, accounting, marketing, information technology, architecture and business consulting. If you are interested in finding employment in Mauritius, there are several hiring professionals and career sites, such as the website of the Ministry of Labor, Orange Mauritius and MyJob.mu. Some employers also advertise posts in Mauritius on African recruiting sites, such as MichaelPage. When attending an interview for a position in Mauritius, it is worth bearing in mind that the dress code in the workplace is usually formal.
Taxes of Mauritius.
While Mauritius is a duty-free haven for tourists and other non-residents, a value-added tax of 15% is payable by the residents of the island for the relevant goods. The fiscal year in Mauritius runs from July 1 to June 30.
Residents of Mauritius are required to pay income tax from 10% and up to 30%. For tax purposes, you are classified as a resident if you spend at least 183 days in the country in any tax year. It should be noted that persons with the resident tax status in Mauritius will pay a tax on their total income, while non-residents will be taxed only on their local income (income from working in Mauritius).
Work in Mauritius.