Mauritius - Overview
Introduction
Mauritius is situated in the Indian Ocean approximately 800 km off the East Coast of Madagascar.
Population
The population of the Island is approximately 1,200,000 made up principally by people of European, African, Indian and Chinese origin. Mauritius takes pride in the fact that these different cultures co-exist in peace and succeed in creating a cultural entity that is distinctly Mauritian.
Political Structure
The British ruled Mauritius for 158 years until 12 March 1968 when it became an independent country within the Commonwealth. It became a republic in 1992. The Republic of Mauritius is a Westminster style democracy. The President is the Head of State and Commander in Chief. Full executive power rests with the Prime Minister who is Head of Government. The Members of Parliament are elected every five years by popular vote and a number of political parties contest the elections, reflecting the country's firm commitment to a multi-party political system.
Economy
Since independence in 1968, Mauritius has developed from a low income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourism sectors.
The government's development strategy centres on foreign investment. Mauritius has attracted more than 35,000 offshore entities, many aimed at commerce in India and South Africa.
Language
English is the official language. However, the Mauritian population is largely bilingual, being equally fluent in English and French. Creole is also spoken and understood by everyone.
Currency
Mauritian Rupee.
Exchange Control
None.
Type of Law
Common Law for corporate matters.