AMINEWS | February 2013
 
 
 
Introduction
In a competitive global market, it is important for businesses to choose the best location for their processing activities and centralized distribution system. The Mauritius Freeport, established in 1992, boasts excellent infrastructure and transshipment facilities and highly qualified labour forces, and offers investors extremely attractive incentives. Today, it is the trading hub of eastern and southern Africa.

The Mauritius Freeport is an ideal warehousing, processing and distribution hub that provides access to a 425 million-consumer market in the African region. Europe and Asia can also be reached cost effectively from Mauritius. The Freeport consists of two well-defined locations, one in close proximity to the seaport of Port Louis and the other at the international airport.

Moreover, a new measure in the Mauritius government’s 2013 budget grants free port status to companies wishing to carry out manufacturing for export to Africa only. This measure will provide global manufacturers with the advantages of Mauritius's tax-free access to regional markets in Africa.
 
 
Why the Mauritius Freeport Zone?
Mauritius Freeport legislation provides a liberal and comprehensive package of both fiscal and non-fiscal incentives for companies looking for a cost-effective logistics platform.

These incentives include:

  • Exemption from corporate tax
  • Exemption from customs duties on all goods imported into the Freeport zone
  • Free repatriation of profits
  • Reduced port handling charges for all goods destined for re-export
  • Preferential market access
  • Modern and integrated logistics facilities
  • Access to offshore banking facilities
  • 100% foreign ownership
  • Access to the local market

Freeport companies can be set up in Mauritius to carry out the following activities:

  • Warehousing and storage
  • Breaking bulk
  • Sorting
  • Grading, cleaning and mixing
  • Labeling, packing, repacking, and repackaging
  • Minor processing and light assembly
  • Ship building and repair and maintenance of ships and aircraft
  • Storage, maintenance and repair of empty containers
  • Export and re-export-oriented airport and seaport-based activities
  • Freight forwarding
  • Quality control and inspection services

Types of Mauritius Freeport Licenses:

  • Freeport operator’s license, issued to companies renting out logistics from third-party developers to carry out their Freeport activities
  • Freeport private developer’s license, issued to companies that have built and manage their own logistics facilities to carry out their Freeport activities
  • Third-party developer’s license, issued to companies that have built and manage logistics facilities for renting to Freeport operators.

These Freeport licenses are valid for a period of one year and renewable thereafter. The renewal is automatic, provided the company has carried out a certain agreed-upon level of business in the Freeport. A single Freeport operator’s license is required for operation at both the port and airport free zones.

 
 
Mauritius Freeport Company Setup:
To operate in the Freeport zones, a company must be registered under the Companies Act 2001 (CA2001). A foreign company registered under CA2001 can also apply for a Freeport license. There is no minimum capital for foreigners wishing to invest in a Freeport company.

Setting up a company in the Mauritius Freeport is simple. Application for a Freeport certificate should be made to the Board of Investment (BOI), Freeport Unit, by a private Freeport developer or Freeport operator. Applications for a Freeport certificate are processed within 48 hours. 
 
 
Amicorp (Mauritius) Limited
Amicorp (Mauritius) Limited is licensed by the Financial Services Commission of Mauritius and assists companies desiring to carry out trading activities in Asia and Africa by allowing them to structure in the Mauritius Free Zone.

We are ready to help you set up your Mauritius Freeport company.

For more information: www.amicorp.com


 
 
 
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