Mauritius ranks 13th in the World Bank’s 2020 Doing Business Report
Mauritius rise seven places to 13th globally in the World Bank’s Ease of Doing Business Report 2020 and further consolidates its position as the best place for doing business on the African continent. This follows the communiqué from the EU, earlier this month, which confirmed Mauritius was fully compliant with EU tax good governance principles.
With four reforms implemented between May 2018 and May 2019 to make it easier to do business, Mauritius improved its overall score to 81.5. These four reforms involves the following indicators:
- Dealing with construction permits: Mauritius streamlined the process of dealing with construction permits by simplifying the process of plan approvals from utilities and reducing the time to apply for wastewater connection.
- Registering property: Mauritius made property registration faster by making it easier to check for encumbrances. Mauritius also improved the quality of its land administration system by publishing official service standards and court statistics on land disputes.
- Enforcing contracts: Mauritius made enforcing contracts easier by publishing performance measurement reports for the commercial division of the Supreme Court.
- Resolving insolvency: Mauritius made resolving insolvency easier by improving the continuation of the debtor’s business during insolvency proceedings.
The successful implementation of these reforms demonstrates the positive effect of consultations between the public and private sector, especially in providing an environment conducive to investments. The improvement highlights the fast evolution of Mauritius as a business-friendly jurisdiction, ranked 49th in 2016 and 20th last year.
Source: World Bank
The World Bank’s Doing Business Report evaluates the business regulations and their enforcement in 190 countries. The report assesses each country on ten indicators such as starting a business, registering property, accessing finance and trading across borders.
Among the five best countries for carrying out business in Africa, Mauritius is followed by Rwanda, Morocco, Kenya and Tunisia.